The Labour Leader, NukeMaus, explained how the programme differed from existing investment programmes. "The Regional Investment Banks are larger than the current local investment programs, will operate over a larger area, with more capital. This will allow them to work with councils to co-ordinate larger projects across the whole region, as well as funding local projects."



The initial government spending figure is said to be similar to the British Investment Bank, proposed in the Investment Structuring Bill, of £2bn in the first year and £500m per year thereafter, concerns have been raised over this sum, but the Labour leader said that there were 'other sources of revenue generation planned'.



