1. What happens to EIB Group financing in the event of no deal?

Any organisation that has received financing for a UK project from the EIB Group (European Investment Bank or European Investment Fund) should be aware that the EIB Group’s operating rights for such projects are preserved through section 4 of the EU Withdrawal Act 2018. Therefore existing UK project contracts should be protected and organisations do not need to take any action.

2. What is the EIB Group?

The EIB Group consists of the European Investment Bank (EIB) and European Investment Fund (EIF). The EIB is the EU’s policy-driven bank, established in 1958, which provides finance for investment projects that contribute to EU policy objectives. Its subsidiary the EIF, established in 1994, is a specialist provider of risk finance for small and medium enterprises.