We are providing £22bn of infrastructure finance to tackle climate change and support regional and local economic growth across the United Kingdom.
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The UKIB is the new, government-owned policy bank, focused on increasing infrastructure investment across the United Kingdom. We will partner with the private sector and local government to finance a green industrial revolution and drive growth across the country.

Wine turbines at sea

"The UK Infrastructure Bank will accelerate our ambitions for tackling climate change and levelling up, while creating new opportunities across the UK as part of our Plan for Jobs."

Rishi Sunak

Chancellor of the Exchequer

Our mandate

We will lend to local and mayoral authorities for strategic and high value projects and invest in infrastructure projects alongside the private sector, crowding-in private sector capital.

Help tackle climate change, particularly meeting our net zero emissions target by 2050.

Our core objectives

Support regional and local economic growth through better connectivity, opportunities for new jobs and higher levels of productivity.

Governance

We are wholly owned and backed by HM Treasury, but we will be operationally independent.

 

Our relationship with HM Treasury is set out in our Framework Document.

We launched, in interim form, in June 2021.
We will scale up our activity, incrementally increasing our capacity and capability.
The government will legislate to put the Bank on a statutory footing at the earliest opportunity.

Our senior team

Chris Grigg, CBE

Chair

Chris brings extensive business and finance leadership to the Bank.

He served as the CEO of British Land for eleven years until November 2020, where amongst other things he oversaw large scale property development projects. Previously, he was Chief Executive of Barclays Commercial Bank and a partner at Goldman Sachs. He has served on the Board of BAE Systems since 2013 – where he is currently the Senior Independent Director – and is on the corporate board of Cancer Research UK.

John Mahon

Chief Executive Officer (interim)

John has over 30 years of leadership and investment banking experience at Barclays and JP Morgan.

At Barclays he worked in a variety of senior roles, including Head of the Corporate Bank, Head of the Non-Core Division and Investment Bank Chief Risk Officer. He recently served as Director General at the Department for International Trade (2018-2020) where he led on the UK’s exports strategy.

David Lunn

Chief Operating Officer

David joins UKIB from HM Treasury where he was the Europe Director, leading on the implementation of EU Exit and HM Treasury’s broader Europe policy.

In that role, he served as the UK’s representative on the European Investment Bank’s Board of Directors. Before this, he worked in UK Financial Investments, when it managed the government's investments in the Royal Bank of Scotland, Lloyds Banking Group and UK Asset Resolution.

Charles Donald

Non-Executive Director

Charles was appointed Chief Executive of UK Government Investments in March 2020, having joined in May 2018 as Head of the Financial Institutions Group.

He joined UK Government Investments from Credit Suisse where he was Vice Chairman of UK Advisory & Corporate Broking having previously been Co-Head of UK Investment Banking. He heads the Government’s Corporate Finance Profession. 

Gay Huey Evans, CBE

Non-Executive Director (interim)

Gay has significant business and finance experience. She is currently Chair of the London Metal Exchange, as well as serving on the Boards of Standard Chartered, ConocoPhillips and IHS Market.

She is a Trustee of Benjamin Franklin House, Senior Advisor to Chatham House and a member of the US Council on Foreign Relations and the IUKFP (Indian UK Financial Partnership).

If you have a project that you would like to discuss with us, please get in touch.