Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent steps his Department has taken to support investment in UK infrastructure.

The National Infrastructure Strategy was published in November 2020 and sets out the government’s plans for an infrastructure revolution.

The Budget and Spending Review in October 2021 set out how the government will deliver on the commitments made in the Strategy, and went further, confirming a total of £100 billion of investment in economic infrastructure over the Spending Review period (2022/23-2024/25) to benefit every part of the UK.

The new UK Infrastructure Bank also opened for business in June 2021 and is partnering with the private sector and local governments to increase investment in infrastructure. With £22 billion of financial capacity, the Bank has already successfully supported five loans including investing in clean energy, digital infrastructure and green transport.