The investment gap

Think tank: UK in a Changing Europe

Author(s): Stephen Hunsaker, Peter Jurkovic

September 14, 2023

This report from UK think tank UK in a Changing Europe looks at the UK’s efforts to replace the European Investment Bank.

Following Brexit, the UK lost access to funding from the European Investment Bank. In this report, Stephen Hunsaker and Peter Jurkovic detail the impact this has had on the UK development finance landscape. The report outlines not only the role that development banks play in providing longer term financing for projects the private sector might be reluctant to support, but also the specific role the European Investment Bank played in infrastructure investments in the UK prior to 2020. It also explores the potential and ongoing implications of a lack of access to that investment despite the existence of a number of UK based banks intended to fill the gap.