The EIB in the United Kingdom

The EIB in the United Kingdom

EIB investments in the UK economy came to EUR 7.8 billion in 2015, the Bank’s largest ever engagement in the country. For 2015, energy projects accounted for 24% of total investments, while transport and water claimed respectively 22% and 21% respectively of the 2015 figure. Another notable beneficiary has been health and education with an  which jointly accounted for 20%. Over the past five years (2011-2015) the Bank has invested over EUR 29 billion in the British economy.

British homes to get smart meters

More than 7 million smart meters will be installed in homes across Great Britain under a new GBP 1 billion mass roll-out programme backed by the EIB. This is one of the largest smart meter schemes in Europe to date and the largest project so far to be backed by the European Fund for Strategic Investments (EFSI). The programme will support the UK Government’s plans to ensure that over 53 million smart electricity and gas meters are installed in Great Britain by 2020, accounting for every domestic property.

Largest EIB university loan for Oxford University

The EIB has agreed to provide GBP 200 million for Oxford University’s programme of improvement and expansion of research and teaching facilities. This represents the largest ever single loan for university investment by Europe’s long-term lending institution.

Expanding the port of Liverpool

A vital organ in the economy of North West England, the Port of Liverpool is undergoing a major expansion to accommodate larger container ships and lure trade from the congested southeast. Supported by a EUR 185 million loan (GBP 150 million), the new terminal will provide shippers and lines with a direct route to the heart of the UK.

Supporting greener social housing in London

A EUR 480m (GBP 400m) EIB loan to The Housing Finance Corporation Ltd (THFC) is supporting retrofitting measures and the construction of highly energy-efficient new housing across the UK. Around half of these investments will be located in the London area where the need for new social housing is highest. This not only helps to drive down energy bills, but also significantly reduces atmospheric pollution. In particular the new buildings will comply with the highest environmental standards.

How to receive EIB support in the UK:

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