National Wealth Fund — Written Question

Question

Mike Wood

Conservative — Kingswinford and South Staffordshire

To ask the Minister for the Cabinet Office, with reference to his Department's guidance entitled Public Bodies Handbook – Part 2: The Approvals Process for the Creation of New Arm’s-Length Bodies, whether his Department's public bodies team assessed the N

Answer

Georgia Gould

The UK Infrastructure Bank has become the National Wealth Fund with an expanded remit, therefore it is not a new ALB. It is captured by the government’s ongoing review of all ALBs, announced on 7 April. This review is part of the government’s plan to stre...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 53533) →