UK Infrastructure Bank: Northern Ireland
The question
To ask the Chancellor of the Exchequer, how many applications for funding from the UK Infrastructure Bank for schemes in Northern Ireland were (a) awarded and (b) rejected.
Answered by James Murray
The National Wealth Fund (NWF), formerly the UK Infrastructure Bank, has committed funding to three transactions that have benefited Northern Ireland (NI) with a total of £71m invested to date. Two of these deals are debt investments in the digital sector, supporting Fibrus and Netomnia, and the other is a guarantee deal for retrofitting social housing with Barclays.
Due to commercial confidentiality, the NWF does not disclose details of deals that were not completed. However, it has a robust process in place to assess the suitability of deal enquires in line with its strategy.
Further details on how NWF assess deals and additionality can be found in their Strategic Plan, and details on deals signed can be found in their Factsheets.
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