The Bank, the largest source of funding for housing association building programmes, has suspended any new long-term loans to the UK.
According to 24 Housing:
“The decision was taken after the government triggered Article 50 in March. Since then only three UK projects have had funding signed off and no projects have been financed since June.
In the first three months of the year the EIB approved nine projects worth a total of £1.4bn.
The suspension has been confirmed by sources within the bank and public sector institutions in the UK that had previously been beneficiaries of its loans, but it has not been formally announced.”