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Kwasi Kwarteng visits Consett Ale Works and Grey Horse pub
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UK s National Infrastructure Bank launches, with tackling climate change as key objective
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Green growth or greenwashing? Business leaders react to Rishi Sunak s 2021 Budget
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Green groups call for assurances over National Infrastructure Bank
A host of green groups have written to the Chancellor of the Exchequer Rishi Sunak, urging for the implementation of a UK National Infrastructure Bank (NIB) to de-risk private investment into low-carbon solutions.
Sunak additionally launched a £4bn “levelling up” fund, designed to help cities, towns and regions improve infrastructure and skills
A total of 20 organisations convened through the letter sent to Sunak, outlining recommendations for how the NIB, which was announced in the 2020 Spending Review, could steer investment towards viable low-carbon solutions.
Chancellor Rishi Sunak confirmed that the NIB would be created and begin operating in Spring 2021. It will be based in the North of England and will fill the role left by the European Investment Bank (EIB) as the UK completes the Brexit process.