Treasury written question – answered on 15th September 2022.
To ask the Chancellor of the Exchequer, what assessment he has made for the implication of his policies of the Institution of Civil Engineer's recommendation that the National Infrastructure Strategy should be on a statutory footing to provide more clarity and guidance on where the UK Infrastructure Bank should focus.
As the Prime Minister set out earlier this month, the government is committed to delivery of infrastructure commitments – including those set out in the National Infrastructure Strategy (NIS) – to improve the UK’s energy security, transport networks and digital connectivity. There are no plans to legislate for the NIS.
The UK Infrastructure Bank (UKIB) was established in June 2021. Since then, it has entered into 10 deals worth a total of £1 billion, investing to drive economic growth and to strengthen the UK’s energy supply. The former Chancellor wrote to the UKIB on 18th March 2022 to set out his strategic priorities for the Bank. This letter has been published and is available on gov.uk.
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