UK Infrastructure Bank Bill [HL]

Moved by

Lord Holmes of Richmond

6: Clause 2, page 1, line 22, at end insert—

“(4A) Before making any investment decision, the Bank must ensure that the principle of additionality is met.

(4B) The principle of additionality is that—

(a) all activities make a contribution which is beyond what is available or is otherwise absent from the market,

(b) all activities do not crowd out the private sector, and

(c) all activities have effects that encourage private sector funding to a multiple specified by regulations made by the Treasury.”

Secondary information

Type: Proceeding contribution
Reference: 823 c882
Session: 2022-23
Chamber / Committee: House of Lords chamber
Subjects: Directors Conservation Climate change Devolution Capital investment Biodiversity Employment Environment protection Energy Infrastructure Industrial democracy Ministerial powers Natural gas Nature conservation Parliamentary scrutiny Recycling Regional planning and development Roads Reviews Henry VIII clauses UK Infrastructure Bank
Legislation: UK Infrastructure Bank Bill (HL) 2022-23
Link: View this Proceeding contribution on hansard.parliament.uk