Last year the European Investment Bank provided more than € 5.5 billion for a record number of UK based projects, compared to € 5.6 billion in 2015. New financing agreed in 2016 represented the second largest annual engagement since the start of EIB lending in the UK in 1973.
The broad ranging engagement by Europe’s long-term lending institution supported investment across key sectors, including new investment to improve transport, water and energy infrastructure across the country.
As part of continued support for transformational investment in UK water infrastructure € 950 million was provided to support construction of the Thames Tideway project and backing capital investment by United Utilities across the North West of England.
“Last year the European Investment Bank’s support for crucial investment across the UK helped to improve essential services, enhance key infrastructure and unlock economic opportunities across the country. This included record financing for social housing investment in any European country, and the largest ever loans to universities. These will strengthen world class research and innovation at universities in Oxford, Edinburgh, Swansea, Bangor, Newcastle and UCL. More UK households will get green energy following the single largest ever EIB support for investment in offshore wind, and London commuters will benefit from new trains.” confirmed Jonathan Taylor, European Investment Bank Vice President.
In recent years new EIB-backed investment to harness the UK’s offshore wind resources has provided clean energy and created thousands of skilled jobs across the country. New EIB support for renewable energy related investment it the UK last year included € 500 million to reinforce electricity transmission in northern Scotland to improve connections between wind, wave and tidal renewable energy schemes and the national power network.
€ 525 million was also provided to support construction of the Beatrice windfarm off the Caithness coast that represents the single largest support ever for investment in an offshore wind project by the European Investment Bank.
The EIB is directly owned by the 28 European Union member states, including a 16 per cent share held by the UK government.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.