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1609734
registered interest false more like this
date less than 2023-04-14more like thismore than 2023-04-14
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading UK Infrastructure Bank more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the paragraph 3.26 of the Office for Budget Responsibility's Economic and fiscal outlook - March 2023, what assessment he has made of the implications for his policies of that report's findings that cumulative UK Infrastructure Bank outlays between 2022-23 and 2025-26 will be 37 per cent lower than the initial estimate. more like this
tabling member constituency Erith and Thamesmead more like this
tabling member printed
Abena Oppong-Asare more like this
uin 179867 more like this
answer
answer
is ministerial correction false remove filter
date of answer less than 2023-04-19more like thismore than 2023-04-19
answer text <p>The UK Infrastructure Bank (UKIB) was launched in June 2021 to increase investment into infrastructure and to tackle climate change and support regional and local economic growth across the UK.</p><p> </p><p>In its first Strategic Plan in summer 2022, UKIB set out that, subject to the pipeline of investible projects in each year, it aims to deploy up to £3 billion of debt and equity and £2.5 billion of guarantees a year, committing its initial £22 billion of financial capacity over five to eight years.</p><p> </p><p>To date, UKIB have announced 15 deals in total, investing approximately £1.4 billion and unlocking over £6 billion in private capital and supported over 4,700 jobs.</p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
question first answered
less than 2023-04-19T16:12:43.1Zmore like thismore than 2023-04-19T16:12:43.1Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
4820
label Biography information for Abena Oppong-Asare more like this