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<p>The UK Infrastructure Bank (UKIB) has a mandate to tackle climate change and support
regional and local economic growth across the UK.</p><p> </p><p>UKIB has launched
three pilot programmes with Transport for Greater Manchester, West Yorkshire Combined
Authority, and Bristol City Council to support the development of its Local Authority
Advisory Function. UKIB has processes in place to regularly review progress on these
pilots and identify replicable elements of these projects, with a view to disseminating
this knowledge to a wider pool of local authorities.</p><p> </p><p>The Bank is operationally
independent but has developed an open dialogue with both HM Treasury and BEIS, including
sharing their experiences of the development of their advisory and local lending functions.</p><p>
</p><p> </p><p>In the first Strategic Steer to UKIB published in March of this year,
the then-Chancellor set expectations that the UKIB should work constructively with
government and institutions in each nation of the UK to maximise the impact of its
investments and to develop a nuanced understanding of market characteristics, so investments
can be targeted appropriately.</p>
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