Infrastructure: Capital Investment
(asked on 15th March 2022) - View Source
Question to the HM Treasury:
What fiscal steps he has taken to support investment in UK infrastructure.
This question was answered on 15th March 2022
The Budget and Spending Review in October 2021 confirmed a total £100 billion of investment in economic infrastructure over the Spending Review period to benefit every part of the UK.
The new UK Infrastructure Bank also opened for business in June 2021 and is partnering with the private sector and local governments to increase investment in infrastructure. With £22 billion of financial capacity, the Bank has already successfully supported three loans, including two private sector loans, investing in offshore wind, solar energy, and broadband.