Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to set up a new green investment bank to finance clean and resilient infrastructure projects throughout the UK.

Our (2019) Green Finance Strategy sets out how we intend to support progress towards Net Zero by 2050 by combining a focus on mobilising and accelerating flows of private finance into key clean growth sectors, using public funds to leverage private capital, whilst providing good value for taxpayers.

Infrastructure is central to our economic strategy, and the Government will publish a National Infrastructure Strategy setting out further details on its long-term ambitions in due course.