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The Labour Party has published a report by Nick Tott for Labour's Policy Review into the case for a British Investment Bank.
Nick Tott concludes:
"There is a strong case for a British Investment Bank. There are long-standing and concerning weaknesses both in small business financing and infrastructure investment in the UK. Fortunately, there are many international examples from which we can learn in both areas. And even here in the UK we can draw on the experience of the Industrial and Commercial Finance Corporation set up after the Second World War, and the creation of the Green Investment Bank.
"In developing Labour’s active industrial strategy, and in particular in considering the potential role of a British Investment Bank, this strong evidence and rich seam of experience should not be ignored."
To download a copy of the report, please click here.
