22
The activities and policy objectives of the Bank overlap with departments across government.
Conclusion
The activities and policy objectives of the Bank overlap with departments across government. For example, the Department for Levelling Up, Housing and Communities (DLUHC) has policy responsibilities in relation to local government and to regional and local economic growth.59 The Treasury expects the Bank to set out how it intends to work with stakeholders, including policy departments across government, as part of the Framework Document setting out the formal arrangements between Treasury and the Bank.60 53 C&AG’s Report para 1.9 54 Q 39 55 Q 41 56 Qq 41, 53 57 Q 53, C&AG’s Report para 3.5 58 Qq 50–51 59 Q 91, C&AG’s Report Figure 3 60 C&AG’s Report para 3.7 16 The Creation of the UK Infrastructure Bank
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.
Source
Committee
Public Accounts Committee
Report
Thirty-Fourth Report - The Creation of the UK Infrastructure Bank
25 Jan 2023
HC 45
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.6 yrs
Report published
25 Jan 2023