Research to improve the assessment and monitoring of Regional and Local Economic Growth

The UK Infrastructure Bank ("UKIB") is a government-owned policy Bank, providing £22bn of infrastructure finance and partnering with the private sector and local government to finance a green industrial revolution and drive growth across the country.

Our mission is to partner with the private sector and local government to increase infrastructure investment in pursuit of our two strategic objectives:

• To help tackle climate change, particularly meeting the government’s net zero emissions target by 2050; and
• To support Regional and Local Economic Growth (RLEG) through better connectedness, opportunities for new jobs and higher levels of productivity.

UKIB invests across the infrastructure landscape, including in new infrastructure technologies. UKIB has five priority sectors for investment, namely clean energy, storage, transport, digital, waste and water.
Part of UKIB’s work is assessing and monitoring the impact which our investments have in relation to RLEG. As UKIB continues to grow, we want to improve how we assess and monitor RLEG to ensure that we can make the best assessment of RLEG impact.

UKIB is currently exploring what additional research in this space can provide and refining its requirements in relation to a potential tender. UKIB wishes to engage with potential suppliers of research in order to better understand what is possible in this space given time and budgetary constraints.