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Originally Posted by Stephen
Well its been posted all over Facebook and the internet and so far it looks like there isn't much truth in the statements about EU grants.
The Hornby thing doesn't seem to be true either as far as I can find.
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It seems to have been exaggerated for example
Ford in Turkey did get money from the European Investment Bank ...190m euros to build the new Ford Transit ,however it is a loan
As far as i can find the European Investment Bank supply loans to a large number of world wide companies ,but they are loans and presumably companies like ford would get the funding elsewhere if not the EIB .
It should also be pointed out (in the interests of fairness) that many UK companies like Rolls Royce and Nissan get massive sums from the EIB
Would the UK still have access to these funds should we leave the EU ?
http://www.eib.org/projects/loans/sectors/industry.htm
http://www.eib.org/projects/loans/re...n-union/gb.htm