UK Infrastructure Bank Bill [HL] — Report — Amendment 12 — 4 Jul 2022 at 17:13
Moved by Lord Tunnicliffe
12: Clause 2, page 2, line 4, at end insert-“(5A) In exercising its functions, the Bank must have regard to the public interest in targeting investment in a manner that-(a) improves productivity, pay, jobs and living standards, and(b) reduces economic disparities between the nations and regions of the United Kingdom.”Member's explanatory statementThis amendment would ensure the Bank has regard to the first mission of the Government’s Levelling Up White Paper when exercising its functions under this Bill.
Ayes 172, Noes 158.
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