Figures show the European Investment Bank gave 拢5.85bn of loans in 2015
The European Investment Bank invested a record amount into the UK last year to fund vital infrastructure projects.
The bank lent 拢5.85bn to the UK in 2015, up almost 11% on the previous year鈥檚 lending.
The loans included a 拢1bn loan to Transport for London to upgrade existing lines and stations on the London Underground, as well as the construction of several 鈥榗ycle superhighways鈥� in the capital.
Other UK construction projects the bank invested in include a campus expansion at Oxford University, as well as several new hospitals in Birmingham and a new children鈥檚 hospital in Edinburgh.
It also gave 拢247m to the Priority Schools 黑洞社区 Programme, and 拢387m to support the government鈥檚 smart meter roll-out programme.
Chancellor George Osborne said the projects funded by the loans supported 鈥渏obs, growth and living standards.鈥�
鈥淭hey are making a real change to people鈥檚 lives and will ensure that Britain is fit for the future,鈥� he added.
No comments yet