The UK Infrastructure Bill is relatively short comprising ten clauses and HM Treasury believe that six of those will be relevant to the LCM process as they could fall within the legislative competence of the Scottish Parliament The purpose of the Bill is to place the UK Infrastructure Bill on a statutory footing and to place the Bank’s objectives into legislation, creating transparency, accountability and governance. It will also remove any legal obstacles to the Bank’s capacity to lend directly to local authorities for infrastructure purposes and give HM Treasury financial assistance powers specific to the Bank.