Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason the UK Infrastructure Bank is investing via third party funds rather than directly.

This question was answered on 9th June 2022
The UK Infrastructure Bank makes independent investment decisions based on its four investment principles: · The investment helps to support the Bank’s objectives to drive regional and local economic growth or support tackling climate change. · The investment is in infrastructure assets or networks, or in new infrastructure technology.

• The investment is intended to deliver a positive financial return, in line with the Bank’s financial framework.
• The investment is expected to crowd in significant private capital over time.

These principles help assess what projects should be taken forward in line with UKIB’s objectives to tackle climate change and drive regional and local economic growth. The Bank’s investment team assesses each proposition on a case-by-case basis, working to identify the most appropriate financing structure in the context of the Bank’s mandate. I have asked the Bank to write to you directly on the approach that it takes to its investments in third party funds.