29:
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The firm's core objective is, with cooperation of private and public sector entities, "to increase infrastructure investment to help to tackle climate change and promote economic growth across the regions and nations of the United
Kingdom." The firm seeks to pursue this goal with two objectives:
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170:, "National Infrastructure Strategy: fairer, faster, greener", on 25 November 2020. Its founding document was published by HM Treasury on 17 June 2021. In July 2024, Chancellor
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To achieve policy objective and generate a positive financial return over time, to tackle climate change, support economic growth, and reduce the burden on the taxpayer
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and transportation", and would provide "low-rate loans to mayors and councils to fund projects". The bank is publicly owned with its sole shareholder being
158:. The bank was given initial capital amounting to £12bn, is able to offer up to £10bn of government guarantees, with its final capacity being £22bn.
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190:"To support regional and local economic growth through better connectedness, opportunities for new jobs and higher levels of productivity."
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announced a new £7.3bn
National Wealth Fund to decarbonise Britain's heavy industry, which would be disbursed by the UKIB over five years.
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plan to reach net-zero carbon by 2050 and to support economic growth in regional and local sectors across the United
Kingdom. Then
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187:"To help tackle climate change, particularly meeting the government’s net zero emissions target by 2050."
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To have the flexibility to respond to differing market conditions in order to deliver on its mandate
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458:"Thousands of jobs for Teesside as UK Infrastructure Bank invests £107m in Teesworks development"
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Six priorities were established for the operation of the firm to meet the two above objectives:
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To exist as a long-lasting institution and provide long-term capital through its investments
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To prioritise investments which lack a significant amount of private sector financing
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To operate independently of the shareholder while meeting conditions imposed thereby
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To operate in partnership with private and public sector entities together
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477:"Ulster Bank lends £50m to Fibrus for roll-out of full fibre broadband"
427:"New £7bn National Wealth Fund to start green investment 'immediately'"
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142:, stated that the bank would be tasked to invest in sectors such as "
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Chancellor of the
Exchequer / Second Lord of the Treasury
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497:"Cornish Lithium announces 'landmark' £53.6 million investment"
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398:"National Infrastructure Strategy: fairer, faster, greener"
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The UK Infrastructure Bank was announced in the government
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Commissioners for the
Reduction of the National Debt
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319:"UK Infrastructure Bank Framework Document"
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816:nominally associated with the Treasury
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373:"Launch of the UK Infrastructure Bank"
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622:Commercial Secretary to the Treasury
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647:Permanent Secretary to the Treasury
628:Lords Commissioners of the Treasury
616:Exchequer Secretary to the Treasury
602:Financial Secretary to the Treasury
456:Dawson, Kristy (October 25, 2021).
705:National Infrastructure Commission
607:Economic Secretary to the Treasury
130:. It is intended to help with the
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726:Office for Budget Responsibility
700:Government Internal Audit Agency
670:National Savings and Investments
475:Breslin, John (April 27, 2022).
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586:Chief Secretary to the Treasury
21:UK Infrastructure Bank Limited
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657:Non-ministerial departments
136:Chancellor of the Exchequer
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576:First Lord of the Treasury
16:State owned bank in the UK
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762:UK Government Investments
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808:are not currently in use
445:(subscription required)
148:carbon capture, storage
767:UK Infrastructure Bank
688:Debt Management Office
152:the Treasury Solicitor
121:UK Infrastructure Bank
560:1, Horse Guards Road
123:(UKIB) is a British
820:held by Government
227:Name of Investment
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154:in the capacity of
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680:Executive agencies
407:. 25 November 2020
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53:Financial services
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505:. Retrieved
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409:. Retrieved
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381:. Retrieved
379:. 2021-06-29
377:Blake Morgan
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356:. Retrieved
354:. 2021-03-03
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168:policy paper
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67:Headquarters
36:Company type
842:HM Treasury
804:Offices in
550:HM Treasury
156:HM Treasury
140:Rishi Sunak
125:state-owned
79:Area served
40:State owned
836:Categories
788:Budget day
757:Royal Mint
714:Executive
411:31 January
405:www.gov.uk
383:2022-01-30
358:2022-01-30
332:31 January
326:www.gov.uk
296:References
568:Ministers
245:Teesworks
236:Citation
230:Location
218:Portfolio
178:Operation
62:June 2021
818:de facto
507:8 August
352:BBC News
283:Cornwall
249:Teesside
49:Industry
806:italics
438:30 July
266:Belfast
162:History
100:Website
59:Founded
776:Topics
609:&
270:£220m
261:Fibrus
253:£107m
822:Whips
401:(PDF)
322:(PDF)
287:£24m
247:, on
107:.ukib
90:Owner
71:Leeds
509:2023
440:2024
413:2022
334:2022
119:The
109:.org
111:.uk
105:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
