UK Infrastructure Bank

Treasury written question – answered on 9th June 2022.

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Photo of Rachel Reeves Rachel Reeves Shadow Chancellor of the Exchequer

To ask the Chancellor of the Exchequer, what analysis his Department has undertaken of how much has been invested by the UK Infrastructure Bank in (a) each nation of the UK and (b) each region of England; and if he will place a copy of that analysis in the Library.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The UK Infrastructure Bank has operational independence in its day-to-day activity, including investment decisions. As it builds its pipeline the UKIB will take a long-term approach to its interventions, aiming to achieve a broadly balanced portfolio where investments are reasonably distributed among different sectors within its remit and across different regions and nations of the UK. In the medium term the UKIB will develop a framework for monitoring its impact. So far the UKIB has completed seven investments. Details on the quantum of each investment and its location is published on the Bank’s website.

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