Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many UK Infrastructure Bank staff have been appointed to be based in (a) Leeds and (b) rest of the UK as of 5 September 2022.

At 5 September 2022, the UK Infrastructure Bank has a total workforce of 160, including interim contractors and government secondees. More than 40% of this total workforce are based in Leeds.

Of these, 15 are permanent employees of which 10 are contracted to Leeds and 5 are contracted to London. All those contracted to London transferred on their existing terms from the Infrastructure and Projects Authority. The Bank’s Chief Executive and the permanent Executive Directors are all contracted to Leeds.

The Bank is now recruiting its permanent workforce. By late 2023, it is intended that 90% of the Bank’s staff will be based outside of London, with the majority of those in Leeds.