Source · Select Committees · Public Accounts Committee
Recommendation 19
19
The Bank’s functions include providing an expert advisory service to help local authorities and other...
Conclusion
The Bank’s functions include providing an expert advisory service to help local authorities and other project sponsors to develop and finance infrastructure projects.53 The Bank told us that establishing this service is not straightforward, compared to its local authority lending function which is already operational. The Bank has three advisory function pilot projects up and running with some larger local authorities—Manchester, West Yorkshire, and Bristol—covering zero emission buses and heat networks.54
Government Response
A response document is linked to this report, dated 12 April 2023. Response attribution to this conclusion has not been verified. Read the response document ↗