Asked by: Shaun Davies (Labour - Telford)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, which schemes the UK Infrastructure Bank has (a) accepted and (b) declined, by local authority area; and how much and what proportion of infrastructure finance available to the bank remained as of 4 July 2024.
Answered by Tulip Siddiq
The UK Infrastructure Bank (UKIB) sets out financial information in their Annual Reports and Accounts, which are published on their website at https://www.ukib.org.uk/publications and provided to the house on a yearly basis. Further UKIB provides factsheets for each deal it enters into via their website, which can be found at https://www.ukib.org.uk/factsheets.
Asked by: Shaun Davies (Labour - Telford)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of reducing the onward interest charge of the Public Works Loan Board to local councils on (a) housing growth, (b) economic growth, (c) job creation and (d) local government viability.
Answered by Darren Jones - Minister for Intergovernmental Relations
The PWLB lending facility exists to provide cost effective loans to local authorities to support investment and service delivery. HM Treasury keeps the interest rates of PWLB loans under review to ensure that PWLB lending remains supportive of prudent investment by local authorities, while meeting the requirement in the National Loans Act 1968 that HM Treasury does not lend at a loss. This includes keeping under review the discounted rate for investment in social housing through Housing Revenue Accounts that is currently available until June 2025.