Oral Answers to Questions

Damien Moore Excerpts

Tuesday 1st December 2020 Commons Chamber

[Damien Moore (Southport) (Con)]

Last week, my right hon. Friend announced the national infrastructure bank, which will be headquartered in the north of England, and a £4 billion infrastructure investment fund. Can he outline more of the details of those proposals and how, in particular, forthcoming projects will benefit my constituents in Southport?

[Rishi Sunak]

I am happy to provide that information. The new national infrastructure bank will invest in projects like transport, digital infrastructure and renewable energy through a series of loans, guarantees, equity and other hybrid products. The levelling-up fund will fund what I call the infrastructure of everyday life—projects up to £20 million that can be delivered quickly—make a tangible difference to our constituents and increase the pride we feel in the places we call home.