Membership of the EU provides the UK with access to a number of EU funding streams – notably, the European Investment Bank (EIB) and European Structural and Investment Funds (ESIF). A loss of these funding streams could have negative consequences for infrastructure investment and development.
EIB investments in the UK reached €6.9 billion in 2016 – the fifth largest in the EU – and ensured shovel ready projects in the UK reached financial close.
There is much-reported uncertainty surrounding the future EU-UK relationship, and a reduction in reduced access of such European funding streams could impact the delivery of infrastructure projects in the UK, particularly in the absence of contingency arrangements.
In the downloadable statement below, we outline the key infrastructure issues within the context of the Brexit debate, and how the adoption of international standards can support infrastructure provision.
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