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<p>The European Investment Bank, and its offshoot, the European Investment Fund, provide
financing for infrastructure investment and growth businesses in a range of sectors
including renewable energy.</p><p> </p><p>As set out in the joint report on progress
during phase 1 of the negotiations, the government considers that there could be mutual
benefit from a continuing arrangement between the UK and the EIB, and wishes to explore
these possible arrangements in the second phase of negotiations.</p><p> </p><p>The
government is also continuing to take steps to ensure that finance continues to be
available for good infrastructure projects and growth businesses: the UK Guarantees
Scheme, which gives government support for private infrastructure finance, has been
broadened to offer construction guarantees, and at Budget the Chancellor launched
the Charging Infrastructure Investment Fund to support the transition to zero emission
vehicles.</p>
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