<p>European Investment Bank Loans</p>

Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 2:08 pm on 29 June 2016.

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Photo of Mark Drakeford Mark Drakeford Labour 2:08, 29 June 2016

In answering Simon Thomas’s first supplementary question, I’ve not yet had direct discussions on the very important issue that he raises of Wales-based services that are already in a relationship with the EIB that will need to extend well beyond any exit from the European Union. Now, the EIB itself has said that it’s unable to provide any certainty on a whole range of issues in relation to relationships it has right across the United Kingdom without clarity, as it says, on the timing circumstances and conditions of a withdrawal settlement. But the successor arrangements to arrangements that are already in place with the EIB post a Brexit will be an important part of that discussion.

Alternative arrangements that might be possible either for Wales alone or on a co-operative basis with other UK nations were rehearsed here in the Chamber yesterday, and the First Minister, I know, responded positively to the suggestion that we ought to pursue that with our other UK partners.