UK Infrastructure Bank

Treasury written question – answered on 21st October 2021.

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Photo of Bridget Phillipson Bridget Phillipson Shadow Chief Secretary to the Treasury

To ask the Chancellor of the Exchequer, how many financing arrangements have been made by the National Infrastructure Bank (a) since it was set up and (b) in each month of its operation; and what is (i) the total amount of financing advanced (i) since it was set up and (ii) in each month of its operation.

Photo of Helen Whately Helen Whately The Exchequer Secretary

The UK Infrastructure Bank (UKIB) launched in June and is open for business. The UKIB is actively engaging with the private sector and local authorities and is in live conversations about a number of projects. UKIB has taken over management of the UK Guarantee Scheme, consisting of 9 guarantees totalling £1.8 billion of Treasury-backed infrastructure bonds and loans, supporting over £4 billion worth of investment. The Bank also operates the Charging Infrastructure Investment Fund and the Digital Infrastructure Investment Fund – previously managed by the Infrastructure and Projects Authority.

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