Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:49 pm on 29 June 2022.
Diolch, Llywydd. The legislative consent memorandum for the UK Infrastructure Bank Bill is due to come before this Senedd quite soon. Now, the legislation states that the bank's activities will, and I quote, provide
'financial assistance to projects wholly or mainly relating to infrastructure' and provide
'loans to relevant public authorities for such projects'.
It goes on to explain that its work is being supported by a new national infrastructure strategy that has three central objectives, namely economic recovery, levelling up and unlocking the union's potential. To what extent do you think that those three objectives reflect the investment objectives and priorities of the Welsh Government? And what are you doing to ensure that any investment that might come to Wales through the proposed investment bank actually complements this Senedd's broader objectives, as reflected in Welsh legislation around promoting sustainable development, equality, tackling the climate crisis and so on?