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Press release

ICE comment on Public Accounts Committee report on the UK Infrastructure Bank

25 January 2023

In response to a new report published by the Public Accounts Committee on the creation of the UK Infrastructure Bank, Chris Richards, director of policy at the Institution of Civil Engineers, said:

"Getting the UK Infrastructure Bank up and running quickly was always going to be a challenge, and the Public Accounts Committee has identified some gaps that need to be filled, like the need to set KPIs.

"The ICE believes that these KPIs should be linked to the National Infrastructure Strategy, which provides a roadmap for our long-term approach to infrastructure.

"That's why we are calling for Parliament to include a National Infrastructure Strategy as a statutory requirement in the UK Infrastructure Bank Bill.

"Making the National Infrastructure Strategy a legal requirement will ensure that the bank has a long-term set of priorities, based on clear national needs that are in line with net zero and levelling up goals." 

Notes to editors

Please contact Maggie Eckel [email protected] for more information.

  • Maggie Eckel, media relations manager at ICE