14
Conclusion
Thirty-Fourth Report - The Creation of …
Not Addressed
The Bank recognises there could be tensions between its two policy objectives.37 For example, there is a risk that a project could promote local growth but be harmful to the environment. The Bank told us that for any investment that is primarily focused on regional and economic growth, its needs …
Read more
The Bank recognises there could be tensions between its two policy objectives.37 For example, there is a risk that a project could promote local growth but be harmful to the environment. The Bank told us that for any investment that is primarily focused on regional and economic growth, its needs to ensure the investment is not doing any significant harm against the net-zero objective. When questioned on how the Bank will assess this significant harm criteria, the Bank told us it would look on a case-by-case basis and assess “what significant harm is or is not”.38 29 Qq 7, 54 30 Qq 6–7, C&AG’s Report para 2.18 31 Q 11, C&AG’s Report para 18 32 Qq 22, 25, 27 33 Qq 25–26 34 Qq 22, 42 35 Qq 27, 28 36 Q 27 37 C&AG’s Report, para 14 38 Qq 58–60; C&AG’s Report, paras 3.18 – 3.20 The Creation of the UK Infrastructure Bank 13
Show less
Government response AI summary
The government repeats the committee's conclusion.
Read full response →
HM Treasury