Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions his Department has had with the Development Bank of Wales ahead of the launch of the UK Infrastructure Bank.

The new UK Infrastructure Bank will operate across the whole of the UK, working closely with public and private sectors to support infrastructure investment in every nation. Building strategic relationships with the devolved administrations, local authorities across the UK and relevant institutions such as the Development Bank of Wales, will be a priority for the new Bank. The UK Government will be engaging further with representatives from the devolved administrations and relevant institutions in the next phase of the Bank’s design, before the Bank is launched and begins operations later in the spring.