The UK Infrastructure Bank (UKIB) has a dual mission to support the UK’s net zero and levelling up goals. The government has committed £22 billion to do this. The current mandate will enable the bank to deliver for the environment, while bringing economic opportunities and improvements for improving communities. However, while the UKIB Bill establishes a climate change objective for the bank, the bill can be strengthened by including an amendment made in the House of Lords to clarify that infrastructure includes nature-based solutions.
The briefing covers the following:
- an overview of the climate and nature gaps in the bill
- evidence of how the bill can solidify the government’s ambitions for climate, nature and levelling up through the addition of nature-based solutions
- how the bill can be strengthened.
Zoë Toone, policy adviser, firstname.lastname@example.org