UK to launch infrastructure bank to boost investment

The Business Times | Nov 21, 2020 at 1:00 AM
  • The British government said on Friday it will launch a national infrastructure bank to help drive investment in infrastructure projects.
  • Almost half of Britain’s future infrastructure projects are forecast to be privately financed, and the bank – which will be launched next year – is expected to help deliver the government’s commitment to invest more than £600 billion (S$1.07 trillion) over the next five years.
  • Mr Sunak will announce tens of billions of pounds of infrastructure investment next week, targeted at meeting the government’s promise to address imbalances between different regions.