Recommendation 32

We welcome the creation of a National Infrastructure Bank: we trust that the Government has learned from the experience of selling off the previous Green Investment Bank. We recommend that the Government give an unequivocal guarantee, supported in statute if necessary, that the Bank will be maintained as a public institution for the long term. We further recommend that, in addition to a mandate to contribute to the delivery of net zero, the Bank be given a mandate to encourage the financing of projects which promote nature recovery. We recommend that the Government give an unequivocal guarantee, supported in statute if necessary, that the Bank will be maintained as a public institution for the long term. We further recommend that, in addition to a mandate to contribute to the delivery of net zero, the Bank be given a mandate to encourage the financing of projects which promote nature recovery. (Paragraph 201) 76 Growing back better: putting nature and net zero at the heart of the economic recovery