Amendment 12

UK Infrastructure Bank Bill [HL] - Report – in the House of Lords at 5:13 pm on 4th July 2022.

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Lord Tunnicliffe:

Moved by Lord Tunnicliffe

12: Clause 2, page 2, line 4, at end insert—“(5A) In exercising its functions, the Bank must have regard to the public interest in targeting investment in a manner that—(a) improves productivity, pay, jobs and living standards, and(b) reduces economic disparities between the nations and regions of the United Kingdom.”Member's explanatory statementThis amendment would ensure the Bank has regard to the first mission of the Government’s Levelling Up White Paper when exercising its functions under this Bill.

Division number 2 UK Infrastructure Bank Bill [HL] - Report — Amendment 12

Aye: 170 Members of the House of Lords

No: 156 Members of the House of Lords

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Amendment 12 agreed.