Rebecca Long-Bailey MP, Labour’s Shadow Chief Secretary to the Treasury, responding to reports that British companies, in the run up to Brexit, could face problems borrowing from the European Investment Bank for infrastructure projects, said:

“Labour raised the importance of the European Investment Bank in July and it’s about time the Tory Government told us what plans they have for matching this funding.

“Firms and their staff who have benefited from EIB loans will be waiting to get clarity about the future, especially in the context of Tory threats to impose a Hard Brexit with no Parliamentary scrutiny.

“Now more than ever a National Investment Bank and regional development banks are crucial to sustaining the investment in industry which we need to rebuild and transform Britain.“