Jump, Rob Calvert;
Naqvi, Natalya;
(2019)
Financial and legal barriers to the creation and operation of a British national investment bank.
(Policy Report: IIPP
2019-07
).
UCL Institute for Innovation and Public Purpose: London, UK.
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Abstract
There is growing momentum in the UK for the creation of a British National Investment Bank (NIB) that would bring the UK into line with other large advanced economies, all of which have NIBs of varying forms and sizes. This is due to both the UK’s poor track record in providing patient finance (Mazzucato and Macfarlane, 2017) and because of the threat of Brexit which would involve the European Investment Bank (EIB) winding down its significant UK lending activity (House of Lords, 2019). The Labour Party introduced plans to create a NIB in its 2017 manifesto, with a supporting document entitled, “A National Investment Bank for Britain: Putting Dynamism into our Industrial Strategy” laying out some of the key characteristics of the policy (Labour Party, 2017). This policy note examines some of the financial and legal barriers to the creation of a NIB along the lines proposed by Labour.
| Type: | Report |
|---|---|
| Title: | Financial and legal barriers to the creation and operation of a British national investment bank |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.ucl.ac.uk/bartlett/public-purpose/publ... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10195923 |
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