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1043175

registered interest
date	17/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Productivity Investment Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much of the National Productivity Investment Fund has been allocated to (a) housing, (b) research and development, (c) economic infrastructure and (d) skills since its inception.
tabling member constituency	Dunfermline and West Fife
tabling member printed	Douglas Chapman
uin	209850
answer	answer is ministerial correction date of answer 24/01/2019 answer text <p>The Government established the National Productivity Investment Fund (NPIF) to increase capital spending for areas critical for improving productivity. The NPIF is now set to deliver £37bn of high-value investment to 2023/24 in economic infrastructure, R&amp;D, and housing.</p><p> </p><p>The Chancellor has set out how over £24bn of the NPIF will be allocated. This includes:</p><ul><li><p>£740m for digital infrastructure, to mobilise the market to develop full-fibre broadband networks and 5G capacity;</p></li><li><p>£7bn extra for R&amp;D by 2021-22 – the largest increase for 40 years – including £750m for skills and talent (PhDs and fellowships), demonstrating progress towards the government’s ambition of increasing the R&amp;D intensity of the economy to 2.4% of GDP by 2027;</p></li><li><p>£6.5bn for transport, including a £2.5bn Transforming Cities Fund, designed to drive productivity by improving intra-city transport and reducing congestion;</p></li><li><p>£13bn for housing, to build more homes in high demand locations so that people can live near the best job opportunities for them.</p></li></ul> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 24/01/2019 12:48:20 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4402 label Biography information for Douglas Chapman

1042398

registered interest
date	16/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Loan Guarantee Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that loans provided (a) under English law and (b) by UK-based companies to (i) governments and (ii) with government guarantees are publicly disclosed when they are given.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	209300
answer	answer is ministerial correction date of answer 21/01/2019 answer text <p>UK-based lenders are subject to prudential disclosure requirements under UK prudential and accounting law. This includes loans made to foreign governments. Compliance with these requirements are independently assessed by the relevant UK regulator during their supervisory activities.</p><p> </p><p>Given the complex international nature of sovereign debt, we continue to believe that internationally-agreed approaches are the most effective way to promote sovereign debt transparency. The UK supports the IMF and World Bank’s efforts to improve capacity and capabilities of sovereign borrowers.</p><p> </p><p>The UK recognizes that creditors also have an important role to play in securing debt transparency and sustainability. The UK is working through the G20 to monitor an industry-led initiative by the Institute of International Finance (IIF) to improve the transparency of lending of private creditors.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 21/01/2019 15:46:15 answering member 4097 label Biography information for Elizabeth Truss
tabling member	178 label Biography information for John McDonnell