Water Briefing     A vote to leave the European Union would result in the UK giving up billions of pounds of infrastructure investment every year, the Prime Minister warned on Saturday – an outcome which has significant implications for the UK water sector. An exit from the EU would terminate Britain’s membership of the European Investment Bank (EIB), an organisation which has invested more than £16 billion in UK projects over the past 3 years. The EIB has been the largest source of financing for long-term investment in UK water infrastructure since before privatisation.

On Friday the EIB confirmed a £700 million injection of finance for the £4.2 billion Thames Tideway Tunnel, the biggest infrastructure project ever undertaken by the UK water industry. The Bank is the world’s largest lender for water-related investment and the backing for the Thames Tideway Tunnel represents the largest-ever loan for water investment worldwide. To read more click here.