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The Bank currently offers private sector financing and from late summer will also offer local authority lending. Applications can be made online. Launched
RISHI SUNAK could barely contain his excitement at being in Darlington looking at office space and starting to change the “economic geography” of the country. “It’s a super exciting day for our levelling up agenda,” he said. “I’m starting here in Darlington, meeting with local stakeholders and I’ve brought up Beth Russell who is going to be the civil servant running the team, and I’m incredibly excited that Beth has decided to this, and then I’m going down to Leeds to open our infrastructure bank.” In one burst of enthusiasm, there’s much to unpack.
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UK Infrastructure Bank opens for business
UK businesses and communities will have billions of pounds available from today (17 June) as Chancellor Rishi Sunak opens the new UK Infrastructure Bank to support local growth and tackle climate change.
From:
17 June 2021
Launched today at its headquarters in Leeds, the UK Infrastructure Bank will be tasked with accelerating investment into ambitious infrastructure projects, cutting emissions and levelling up every part of the UK.
First announced by the Chancellor alongside the Spending Review, the Bank will help to finance important projects in every region and nation of the UK in sectors including clean energy, transport, digital, water and waste.