Lib Dems pledge infra bank

17 May 2017 The Liberal Democrats have launched their manifesto, promising to create a Housing and Infrastructure Development Bank if elected.

The party has suggested that the new bank would provide loans and guarantees to underpin the delivery of new infrastructure and thousands of new homes across the country, as part of its plans to deliver 300,000 new homes per year by 2022.

Its proposed bank would build on the creation of the UK Guarantees initiative, which was pioneered during the Lib Dems' time in coalition government with the Conservatives.

Plans for £7bn of investment in education have already been set out by the party, which has pointed to figures from the National Audit Office suggesting 60% of school buildings are in urgent need of repair. However, the Lib Dems have not outlined how much of that funding it would put towards new school buildings.

Last week, a leaked draft of Labour's manifesto revealed the party would borrow £250bn for infrastructure investment, as well as renationalise the rail sector and parts of the energy system.

This page was last updated on:
21 January 2018.


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