National Infrastructure Bank: Development Bank of Wales

Treasury written question – answered on 12th February 2021.

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Photo of James Davies James Davies Conservative, Vale of Clwyd

To ask the Chancellor of the Exchequer, what steps he plans to take to ensure co-operation between the UK Infrastructure Bank and the Development Bank of Wales.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The new national infrastructure bank will help to support infrastructure projects across the whole of the UK, including Wales. The new bank is primarily aimed at increasing investment in infrastructure, whereas the Development Bank of Wales focuses on business support. Where their interests are aligned on specific projects, the two institutions will be able to work collaboratively.

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