Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his criteria are for determining the location of the UK Infrastructure Bank; whether local authorities have been invited to submit bids to host the bank; and when he plans to announce a decision on the location of the bank.
The Government is considering a wide range of relevant factors, in order to ensure that it chooses a location in the North of England that meets the bank’s needs while supporting the Government’s wider levelling up agenda. At Budget, the Chancellor will set out comprehensive details regarding the operations, mandate and scale of the bank.