European Investment Bank

The European Investment Bank (EIB) is Europe’s long-term lending institution and provides funding on top of the EU budget (to be clear, funding from the EIB is in the form of loans). EIB funding went directly to the Scottish Government on a project by project basis, and allowed for greater flexibility in investment decisions. The SNP Government had huge success in using EIB funding in order to turn Scotland away from the ruinously expensive PPP/PFI (Public Private Partnership/Private Finance Initiative) projects, delivering much-needed capital investments to get us through the recession, and delivering more value to the Scottish taxpayer.[1]