BO
Corp and Tech
BUSINESS.OBSERVER
$ SEARCH
Start typing to search
↑↓ navigate↵ goEsc close

The UK Infrastructure Bank

The UK Infrastructure Bankis a British state-owned development bank. It is intended to help with the UK Government's plan to reach net-zero carbon by 2050 and to support economic growth in regional and local sectors across the United Kingdom.

Then Chancellor of the Exchequer, Rishi Sunak, stated that the bank would be tasked to invest in sectors such as "renewable energy, carbon capture, storage 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 the Treasury Solicitor in the capacity of HM Treasury. 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.

Other companies

Institute Of Economic Affairs (IEA)
Institute Of Economic Affairs (IEA)
The Institute of Economic Affairs (IEA) is a think tank that says that its experts "further the dissemination of free-market thinking", and that it "analys and expound the role of
Heathrow Airport
Heathrow Airport
Heathrow Airport originally called London Airport until 1966 and now known as London Heathrow, is a major international airport in London, England. It is one of six inter
The Office for Standards in Education, Children's Services and Skills (Ofsted)
The Office for Standards in Education, Children's Services and Skills (Ofsted)
The Office for Standards in Education, Children's Services and Skills (Ofsted) is a non-ministerial department of His Majesty's government, reporting to Parliament. Ofste