EU bank to lend Britain 1 billion pounds to build more social housing

The European Union’s investment arm is to lend Britain 1 billion pounds to help build more social housing, it said on Monday, its largest ever support for such programmes within Europe.The European Investment Bank [EIB.UL] denied an accusation by campaigners wanting Britons to vote to leave the EU in the national referendum in June that it was seeking to influence the vote
The EIB, which lent a record 5.6 billion pounds for investment in 40 projects in Britain last year, said the timing of the announcement was not linked to the referendum and that it took months for decisions to be made.