Infrastructure: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 26th October 2020.

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Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

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.

Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

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.

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