The Government has opened its new infrastructure bank today in Leeds helping boost local growth and level up the whole of the UK.
Today the Government announced the launch of the UK’s new infrastructure bank in Leeds which will unlock millions in funding throughout the UK and help level up areas in the Bolsover constituency.
The bank will help accelerate the Government’s plans to tackle climate change and provide funding and investment to key projects up and down the country. The bank will ensure that billions of pounds are invested in key infrastructure projects that will support communities and jobs right through the Bolsover district.
It will be given an initial £12 billion to invest as well as being able to grant up to £10 billion of Government guarantees to lenders. This could unlock a total of up to £40 billion of investment, proving a good financial backing to the Government’s levelling up agenda.
There are a number of projects throughout the Bolsover constituency that could potentially benefit from the banks funding, such as the Shirebrook Link road, extending the Robin Hood Line and re-opening the Maid Marian Line.
Commenting on the opening of the new bank, Mark said:
“I think this is an incredibly positive step in the Government’s plan to level up the whole of the UK, which includes securing investment into the Bolsover constituency.
If we are to level up the Bolsover constituency in the ways we want, such as improving education, upskilling our workforce and attracting better jobs and businesses to the area, then having a world class infrastructure will be key to achieving that goal.
The new bank makes the possibility of getting those infrastructure projects off the ground that much more likely and so I’m really pleased to see this happening.”
