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HMT announces UK Infrastructure Bank's independence

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Published on: 24 March 2023

Published by LNB News

LNB News 24/03/2023

Document Information

Issue Date: 24 March 2023

Published Date: 24 March 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The HM Treasury (HMT) has announced that the UK Infrastructure Bank Bill has received Royal Assent and thus, became law. The Bill formed part of the government's plan to invest in infrastructure where the Bank has announced £1.2bn of deals, unlocking over £5bn of private and public investment. The Bill will reflect the Bank's operational independence, achieve its goals to level up the UK, assist in tackling climate change in statute and set out clear accountability structures.

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