The Creation of the UK Infrastructure Bank
This report looks at the set-up of the UK infrastructure Bank, including HM Treasury’s planning before launch.
1 Jul 2022
Both economic infrastructure (roads, rail, energy, water, communications) and social infrastructure (schools, hospitals, housing) provide services that are essential to daily life and economic success. HM Treasury's National Infrastructure Plan has identified over £450 billion of planned investment in economic infrastructure that is needed to replace ageing assets, help meet policy commitments, and meet our growing population’s needs, over the next decade and beyond. Infrastructure takes years to build, and is generally long-lived, requiring a long-term public policy perspective.
Infrastructure is ultimately funded through taxes or through consumer bills and charges. The finance, however, can be raised either publicly or privately, with varying combinations of public and private financing being possible. We have an extensive back catalogue of reports following the evolution of the Private Finance Initiative. More recently we have reported on new forms of finance (infrastructure guarantees, Thames Tideway Tunnel) and the choices available to government over whether to use public or private finance, as well as the impact of infrastructure investment on consumer bills and whether bills will be affordable.
Key NAO publications:
This report looks at the set-up of the UK infrastructure Bank, including HM Treasury’s planning before launch.
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