UK Infrastructure Bank

(asked on 15th March 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what projects have been (1) considered, and (2) financed, by the UK Infrastructure Bank in the past 12 months in each region of the UK.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 23rd March 2023

The UK Infrastructure Bank (UKIB) was launched in June 2021 to provide infrastructure finance to tackle climate change and support regional and local economic growth across the UK.

The Bank is an operationally independent institution and responsible for making its own investment decisions within the scope of its remit. The disclosure of information related to the projects the Bank has considered is market sensitive and therefore not shared publicly.

UKIB publishes on its website all announcements on deals it has financed. In the last 12 months UKIB have announced 8 deals, committing nearly £0.9 billion of investment across the UK. This includes funding the expansion of fibre rollout across England, Scotland, Wales and Northern Ireland.

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