Recommendation 26

In addition to the core government departments, there are other government bodies who work on maintaining and increasing the UK’s attractiveness to investors. For example, we recently reported on the creation of the UK infrastructure bank which was launched by the Treasury to encourage private finance alongside public investment, and to achieve two strategic objectives – helping to tackle climate change, and supporting regional and local economic growth.67 Following the recent machinery of government changes, the new Department will have different relationships with some of these bodies.68 For example, the British Business Bank and Companies House are now arms-length bodies of the Department, whereas prior to the changes they were within the Department for Business, Energy & Industrial Strategy’s remit.69