The Economic Secretary to the Treasury (Simon Kirby)
I wish to update the House on the establishment of the National Infrastructure Commission.
The purpose of the National Infrastructure Commission (NIC) is to provide expert, impartial analysis of the long-term infrastructure needs of the country. The NIC reports on high-priority issues and produces an in-depth, independent assessment of the UK’s major infrastructure needs on a 30-year time horizon.
On 12 October 2016 the Government informed the House that the NIC would be established on a permanent basis as an Executive Agency of HM Treasury in January 2017. [HCWS181]
The Government are today establishing the NIC as an Executive Agency of HM Treasury, and the Treasury is today publishing a framework document. The framework document sets out the broad framework within which the NIC will operate, and outlines its roles and responsibilities. A copy of the framework document has been deposited in the Libraries of both Houses.
[HCWS431]