News and blogs

Read all our latest news and updates on deals and events

UK Infrastructure Bank invests £165 million in Highview Power to support liquid air energy storage (LAES) plant in Carrington

13 June 2024

 

The UK Infrastructure Bank has invested £165 million in Highview Power to support with the construction of a liquid air energy storage (LAES) plant in Carrington, Greater Manchester.

 

You can read the full story.

UK Infrastructure Bank and Scottish National Investment Bank announce £100 million credit facility for Haventus' Ardersier Port energy transition facility

13 May 2024

 

Haventus, the energy transition facilities provider, and owner of Ardersier Port, east of Inverness, has secured a £100 million joint credit facility from the UK Infrastructure Bank (UKIB) and the Scottish National Investment Bank with £50 million investment from each.

 

You can read the full story.

UK Infrastructure Bank backs storage innovator Invinity to boost longer-duration energy storage in the UK

2 May 2024

 

The UK Infrastructure Bank has today announced a £25 million direct equity investment into Invinity Energy Systems plc, a leading manufacturer of vanadium flow batteries, to support the commercial development of longer-duration energy storage from their base in Bathgate, Scotland.    

 

You can read the full story.

The UK Infrastructure Bank and the Scottish National Investment Bank work together to accelerate Scottish projects

1 May 2024

 

The UK Infrastructure Bank (UKIB) and the Scottish National Investment Bank (SNIB) have signed a Memorandum of Understanding (MOU) that cements our close working relationship and shared ambition to attract additional private investment into Scotland.    

 

You can read the full story.

UK Infrastructure Bank commits to Leeds with new long-term office lease

18 April 2024

 

The UK Infrastructure Bank has signed a 15-year lease on a new office space in Leeds, reaffirming its commitment to building an enduring institution in the city.   

 

You can read the full story.

Beyond bricks and mortar – the Bank’s commitment to Leeds

18 April 2024

 

At the start of June, the Bank will move to a new office in Leeds city centre. For us, the significance of this goes way beyond bricks and mortar.

 

You can read James Emmett's blog.

UK Infrastructure Bank, Rock Rail and Aviva launch £100m funding platform to support ‘Rock Road’ in accelerating the UK’s transition to a zero emission bus network 

08 April 2024

 

The UK Infrastructure Bank, Rock Rail and Aviva, through its in-house capital unit Aviva Capital Partners, have formed a partnership to provide a new funding platform for zero emission bus financier ‘Rock Road’. The partnership, alongside a debt facility from UK Infrastructure Bank and HSBC UK, is committing an initial £100m to fund up to 250 zero emission buses and associated infrastructure. 

 

You can read the full story.

UK Infrastructure Bank backs Greensphere Capital’s innovative British climate and nature fund

20 March 2024

 

UK Infrastructure Bank has today announced a commitment of up to £50 million* on a match-funding basis to Greensphere Capital for its Gaia Sciences Innovation fund. 

 

You can read the full story.

UK Infrastructure Bank backs UK’s green hydrogen expansion with £30 million Geopura investment

22 February 2024

 

The UK Infrastructure Bank has committed £30million to support the expansion of UK-based green hydrogen pioneer, GeoPura, helping to accelerate the UK’s adoption of green hydrogen. 

 

You can read the full story.

UK Infrastructure Bank provides £200 million boost to AESC gigafactory

29 January 2024

 

The UK Infrastructure Bank has announced a £200 million loan to support the development of AESC’s gigafactory in the North East of England, helping to strengthen the UK’s electric vehicle supply chain and providing a boost to the regional economy. 

 

You can read the full story.

‘A boost for east and south London’ – UK infrastructure Bank commits £300m to the Docklands Light Railway Rolling Stock Replacement Programme, boosting growth and opportunity

15 January 2024

 

The UK Infrastructure Bank has today announced a £300 million loan to Transport for London (TfL) to support the Docklands Light Railway (DLR) Rolling Stock Replacement Programme, boosting connectivity, job opportunities and helping to further cut emissions. 

 

You can read the full story.

Supporting the whole of the UK

3 January 2024

 

Our Chief Policy and Strategy Officers (job-share), Kate McGavin and Helen Williams, reflect on the Bank's role in supporting infrastructure across the breadth of the UK to help deliver net zero and regional and local economic growth.

 

You can read the blog.

UK Infrastructure Bank backs Capital’s Green Finance Fund

3 January 2024

 

The UK Infrastructure Bank has today announced a £190 million loan to support the decarbonisation of buildings, energy, and transport systems across London’s public sector.

 

You can read the full story.

UK Infrastructure Bank backs Gigaclear rural broadband expansion

15 December 2023

 

The UK Infrastructure Bank has today announced a £240 million debt guarantee to support the continued expansion of Gigaclear’s rural fibre broadband network.

 

You can read the full story.

Bank announces £60 million direct equity investment to boost UK supply chain of semiconductors in the North-East

06 December 2023

 

The UK Infrastructure Bank has today announced a £60 million direct equity investment into Pragmatic Semiconductor, a world leader in manufacturing flexible integrated circuits, to scale up the domestic supply chain of semiconductors in North East England.

 

 

You can read the full story.

 

Net zero – the need for exponential change and how the Bank can help get us there

30 November 2023

 

In the first in a series of guest blogs, climate change advisor and UKIB Non-Executive Director Nigel Topping sets out the role the Bank can play in helping deliver the exponential change the UK needs to get to Net Zero.

 

 

You can read the blog.

 

Our role in accelerating nascent markets

27 November 2023

 

As the Bank’s number, scale and range of transactions grows, Ian Brown, Head of Banking & Investments, reflects on our role in accelerating nascent markets.

 

 

You can read the blog.

 

Bank becomes cornerstone investor in latest ZeroAvia funding round

27 November 2023

 

ZeroAvia has announced that it has completed its latest funding round at a total $116 million with UK Infrastructure Bank joining as a cornerstone-level investor.

 

 

You can read the full story.

 

Bank investment provides significant boost to UK battery storage sector

03 November 2023

 

The Bank has announced a £60million loan to support Pacific Green in its development of a new 249 MW / 373.5 MWh electricity storage park in Kent.

 

 

You can read the full story.

 

Reflecting on our Annual Report and Accounts for 2022-23

26 October 2023

 

As the Bank publishes its Annual Report and Accounts for year-end March 2023, Chief Financial Officer Annie Ropar takes a moment to reflect on the story behind the numbers.

 

 

You can read the blog.

 

The Bank has published its strategy update

22 September 2023

 

The Bank has published its strategy update. This includes updates on the Bank’s approach to private sector investment and its local authority advisory and lending function.

 

 

You can read more about the updates.

 

Infra Bank in Focus: Where and how we invest

15 September 2023

 

As we prepare to publish an update to our strategy, in this blog our CEO John Flint reflects on the Bank's progress to date and explains why, with foundations now firmly in place, the Bank is well placed to go from strength to strength.

 

 

You can read the blog.

 

Bank invests to strengthen domestic lithium supply chain and boost Cornish economy

08 August 2023

 

UK Infrastructure Bank has today announced an equity investment of approximately £24 million to support Cornish Lithium in the development of the UK’s critical minerals supply chain

 

 

You can read the full story.

 

Driving the roll out of electric vehicle charging points: the Bank commits £45 million to support ambitious roll-out across motorway services

26 July 2023

 

UK Infrastructure Bank has today announced a commitment of £45m in senior debt to support GRIDSERVE, a sustainable energy business and Electric Vehicle charge point operator (CPO), with the roll-out of critical Electric Vehicle (EV) charging infrastructure across motorway service areas in the UK.

 

 

You can read the full story.

 

Bank invests £250million as cornerstone lender in major broadband roll-out deal

17 July 2023

 

The UK Infrastructure Bank has today announced it has made a £250 million debt investment in new next generation fibre broadband company nexfibre which is rolling out full-fibre broadband to 5 million homes across the UK by 2026

 

 

You can read the full story.

 

In Focus: Supporting Local Authorities on their journey to net zero

07 July 2023

 

Three hundred Local Authorities have declared a climate emergency, and two-thirds want to reach net zero by 2030 – ahead of the UK government 2050 target. Dan Mansfield talks about what the Bank is doing to help.

 

 

You can read the blog.

 

Bank announces expansion of its Local Authority team

06 July 2023

 

UK Infrastructure Bank has announced the expansion of its Local Authority Advisory and Lending service, including the appointment of Lorna Pimlott as Managing Director.

 

 

You can read the full story.

 

Bank announces £50 million commitment to Port of Tyne regeneration and expansion, boosting regional growth in the North East

05 June 2023

 

The UK Infrastructure Bank is to help boost local and regional growth across the North East by committing up to £50 million to the Port of Tyne’s regeneration and expansion plans.

 

 

You can read the full story.

 

Bank commits £62.5 million in major project to boost UK energy storage capacity

23 May 2023

 

The UK Infrastructure Bank has today announced its first debt transaction in battery storage with a £62.5 million commitment to support the development of multiple new energy storage and grid stability facilities across the UK.

 

 

You can read the full story.

 

InfraBank in Focus: Impact and ESRG frameworks

17 May 2023

 

Today we have published our Impact Framework and our Environmental, Social, Resilience and Governance (ESRG) Framework. Deputy Chief Economist Shailaja Annamraju and Head of ESRG Iliana Lazarova talk about how we will implement this alongside our existing investment process.

 

 

You can read the blog.

 

Bank partners with Bradford Council on rail station and regeneration project

17 May 2023

 

UK Infrastructure Bank is working with Bradford Council on its proposed Southern Gateway train station - a sustainable development-focused regeneration project.

 

 

You can read the full story.

 

Bank joins partners in the nations to drive net zero and growth

12 April 2023

 

UK Infrastructure Bank has worked with organisations in Scotland and Wales to advise on the development of key transport infrastructure projects.

 

 

You can read the full story.

 

The Bank announces first natural capital transaction

31 March 2023

 

The Bank has today announced it intends to commit £12million to support an innovative nature restoration project in the Scottish Highlands and Islands with the aim of stimulating natural capital markets, and helping to tackle climate change, boost biodiversity, and deliver benefits to the local community.

 

 

You can read the full story.

 

At the forefront: Pioneering new approaches in Scotland’s emerging natural capital markets

31 March 2023

 

As the Bank announces a commitment to its first natural capital deal, Kate McGavin and Helen Williams, job-share Director of Strategy and Policy, highlight how this investment can help deliver for climate and biodiversity – and grow the future market for nature-based investment.

 

 

You can read the blog.

 

Bank partners with government’s local electric vehicle infrastructure scheme to support the rollout of electric vehicle charging infrastructure

30 March 2023

 

The Bank is today announcing a new partnership with the local electric vehicle infrastructure (LEVI) scheme, which will help support a step-change in the delivery of EV charging infrastructure in towns and cities across England.

 

 

You can read the full story.

 

The Bank and Centrica announce significant investment into sustainable electricity funds to help supercharge UK's transition to cleaner, greener energy

30 March 2023

 

The UK Infrastructure Bank has today announced it intends to invest up to £200million to accelerate the development and deployment of crucial storage technologies, helping to drive the country’s transition to a cleaner, greener and more resilient electricity network.

 

 

You can read the full story.

 

Energy Storage in Focus

30 March 2023

 

Electricity storage technologies have a crucial role to play in ensuring that the energy transition required to reach net zero across the UK by 2050 is affordable, secure and delivers the emissions reductions required. Today the Bank has announced plans for significant investments in the sector and there’ll be many more to come. In this blog, UK Infrastructure Bank CEO, John Flint explains why.

 

 

You can read the blog.

 

The Bank and public financial institutions welcome the Government's 2023 Green Finance Strategy

30 March 2023

 

In a joint statement, the UK Infrastructure Bank, British Business Bank (BBB), UK Research and Innovation (UKRI), and UK Export Finance (UKEF) today welcome the launch of the Government’s Green Finance Strategy for 2023. Moving our economy towards net zero is both an environmental necessity and a huge economic opportunity. There is a real chance to drive business value, unlock growth, and scale technologies across all sectors, regions and nations of the United Kingdom.

 

 

You can read the full story.

 

Bank established as an enduring institution as key legislation receives Royal Assent

24 March 2023

 

The UK Infrastructure Bank Act has been passed into law - a significant milestone for the Bank as it is set up in legislation as a permanent institution for the whole of the UK.

 

 

You can read the full story.

 

UK Infrastructure Bank invests £75million in new broadband project to accelerate full-fibre rollout to 1.5million UK premises

17 March 2023

 

UK Infrastructure Bank has today announced it will invest £75million in a deal which will see the swift roll-out of full-fibre broadband to a total of 1.5million homes and businesses across England, Scotland, Wales and Northern Ireland by 2025.

 

 

You can read the full story.

 

Climate Resilience in Focus: our first deal in the water sector aims to tackle the impacts of climate change and protect biodiversity

15 March 2023

 

Ian Brown talks about our announcement of a double first - our first deal in the water sector and our first deal focussed on supporting climate resilience

 

 

You can read the full blog.

 

The UK Infrastructure Bank to invest £50m in first UK reservoir to be built since the 1980’s

15 March 2023

 

The UK Infrastructure Bank has today announced that it will make its first investment in the water sector, supporting the UK’s climate resilience by providing a loan of £50m to finance a new environmentally-led storage reservoir for the South of England.

 

 

You can read the full story.

 

Treasury Minister opens UK Infrastructure Bank’s new office space in Leeds

28 February 2023

 

The UK Infrastructure Bank today welcomed Economic Secretary to the Treasury Andrew Griffith to officially open its new office space in Leeds – another milestone in cementing the Bank’s footprint in the city.

 

 

You can read the full story.

 

In at the foundations - reflections on a secondment at a new bank

21 February 2023

 

After a year at the UK Infrastructure Bank, local government secondee Alex Clarke shares some of his experiences, from learning to start from scratch to developing a passion for bus networks.

 

 

You can read the full blog.

 

Bank appoints first permanent Chief Operating Officer

13 February 2023

 

James Emmett has been appointed as the first permanent Chief Operating Officer of the UK Infrastructure Bank. A highly experienced financial services leader, with a career spanning more than 25 years covering business, fintech, operations, technology, and strategy across EMEA, Asia, and the Americas, James was appointed following a competitive recruitment exercise.

 

 

You can read the full story.

 

Building an infrastructure bank in Yorkshire: attracting talent

25 January 2023

 

In her first blog for the Bank, Patricia Galloway, our Chief People Officer, discusses the opportunities, challenges, and our progress in recruiting to an infrastructure bank in Leeds.

 

 

You can read the full story.

 

UK Infrastructure Bank partners with BEIS to support growth of local low carbon heat networks

20 December 2022

 

The Bank is today announcing a new partnership with the Department for Business, Energy and Industrial Strategy (BEIS), which will help fuel the growth of sustainable heating systems in towns and cities across England.

 

 

You can read the full story.

 

First year results show UK Infrastructure Bank is well placed to deliver on its ambitious goals

24 November 2022

 

The Annual Report and Accounts for the period to 31 March 2022, published today, show the Bank made strong progress in its inaugural year to become “a permanent and important UK financial institution” and is well on the way to building an organisation that will seek to address climate change and boost regional and local growth in a way that has not been attempted before in the UK.

 

 

You can read the full story.

 

Partnership brings the Bank, big business and public sector together to tackle Net Zero challenges

18 November 2022

 

The UK Infrastructure Bank welcomed members of the Prime Minister’s Business Council to Leeds as part of a new partnership that will help Local Authorities speed-up the rollout of crucial local net zero infrastructure projects.

 

 

You can read the news story.

 

The UK Infrastructure Bank seeks views on its role in natural capital markets

16 November 2022

 

The Bank has today published a discussion paper setting out its initial thinking on how it can invest in and support the growth of natural capital markets.

 

 

You can read the news story.

 

The role of UKIB in natural capital markets

16 November 2022

 

As the Bank publishes a discussion paper on its role in natural capital markets, Kate McGavin and Helen Williams, job-share Directors of Strategy and Policy, share why this is a growing area of interest and opportunity.

 

 

You can read the blog.

 

Digital Infrastructure in Focus

11 November 2022

 

Digital infrastructure underpins everything citizens, consumers and businesses do. It is key to boosting growth in regions across the UK and is a key enabler of the transition to net zero. Fast, reliable digital networks improve productivity – supporting people in work and education, as well as driving innovation and encouraging social connectivity.

 

 

You can read the blog in full.

 

Additionality in focus: Our approach

31 October 2022

 

In her first blog for the Bank, Urvashi Parashar – Chief Impact Officer and Chief Economist – explains the principle behind additionality and how it plays a crucial part in our investment decision-making. The blog also introduces the Bank’s approach to assessing additionality in our private deals

 

 

You can read the blog in full.

 

EV Infra in focus: Charging into the future

19 October 2022

 

Growing EV infrastructure is key in the drive toward net zero. In his first blog, Ian Brown, Head of Banking explains why we are ready, willing and perfectly placed to support public and private investors to help boost the EV charge into the future.

 

 

You can read the blog in full.

 

First pilots announced for new local authority advisory function

29 September 2022

 

UK Infrastructure Bank to partner with local authority projects at the forefront of climate change and regional growth agenda as it starts up its advisory function.

 

 

You can read the full story.

 

The Bank has today announced the appointment of Mark Devane as its new Chief of Communications and External Affairs

20 September 2022

 

The UK Infrastructure Bank appoints new Chief of Communications and External Affairs as it implements its new strategy and aims to recruit hundreds of staff outside of London

 

 

You can read the full story.

 

The Bank is investing up to £100 million alongside Infracapital and other private investors to support digital rollout across the UK

25 August 2022

 

The UK Infrastructure Bank is supporting the roll out of ultrafast broadband to rural homes by investing up to £100 million to accelerate the digital roll out across the UK, building on its existing relationship with Infracapital through the Digital Infrastructure Investment Fund (DIIF).

 

 

You can read the full story.

 

Bank confirms position as cornerstone investor in UK’s largest subsidy-free solar power fund

25 August 2022

 

The UK Infrastructure Bank has announced that it will act as a cornerstone investor in the NextPower UK ESG (NPUK ESG) fund, which has reached first close at £327 million. The fund, which is managed by Next Energy Capital (NEC), aims to double the amount of subsidy-free solar power in the UK.

 

You can read more about the deal.

 

Infra Bank in Focus: John Flint on delivering our mission through equity investments

15 August 2022

 

In his first blog for the Bank, our CEO John Flint shares his thoughts on our developing approach to equity investment.

 

You can read the blog.

 

UK Infrastructure Bank looks to accelerate investment in electricity storage to help UK deliver on net zero ambitions

25 July 2022

 

The UK Infrastructure Bank has launched an Expression Of Interest process, searching for proposals from established fund managers that can partner with the Bank to identify equity investment opportunities in electricity storage, an increasingly important technology for hitting net zero targets.

 

You can read the full story.

 

Infra Bank in Focus: How did the UK's new policy Bank come to support the first direct link between German and UK energy markets?

21 July 2022

 

The UK and Germany are building a historic piece of infrastructure, an undersea energy link, which will be one of the largest in the world. The UK Infrastructure Bank is investing alongside a consortium of international partners to get the project underway. In our first "Infra Bank in Focus" we set out more detail on why the Bank has chosen to support this project and its importance to the UK.

 

You can read the blog.

 

UKIB steps up mission to boost energy security by financing first ever UK-Germany energy

21 July 2022

 

The UK Infrastructure Bank has today announced that it will support the £2.4 billion NeuConnect project to develop the first undersea energy link between the UK and Germany.

 

You can read more about the deal.

 

Clean energy to be largest sector for investment in £22bn Infrastructure Bank plan

23 June 2022

 

The UK Infrastructure Bank’s new £22bn plan to tackle climate change and boost regional growth will make clean energy the largest sector for investment.

 

You can read more about the strategy.

 

The UK Infrastructure Bank welcomes the appointment of its new non-executive directors

09 June 2022

 

Ahead of the UK Infrastructure Bank’s one-year anniversary later this month, HM Treasury has today announced that the Chancellor has made four new appointments to the UKIB Board. The new non-executive directors collectively bring a wealth of experience in infrastructure finance, policy making, economics and green investments, across both the public and private sector.

 

You can read more about the appointments.

 

UK Infrastructure Bank appoints its first permanent executive team

08 June 2022

 

Following a competitive process, the UK Infrastructure Bank has announced the appointment of five founding members of its Executive team, as permanent recruitment to the Bank now accelerates.

 

You can read more about our appointments.

 

UK Infrastructure Bank to act as cornerstone lender in CityFibre deal to bring high quality full fibre broadband to millions of homes across England and Scotland

02 June 2022

 

The UK Infrastructure Bank has today announced that it will invest £200 million as a cornerstone lender to support the roll out of full fibre broadband to 8 million UK homes by CityFibre.

 

You can read more about the deal.

 

UK Infrastructure Bank to support multi-million-pound fund with Octopus Investments to boost investment in green sectors critical to the UK’s net zero ambitions

19 May 2022

 

The UK Infrastructure Bank has today announced it will be the cornerstone investor into a new fund to provide scale-up capital for the next generation of infrastructure projects across the UK.

 

You can read more about this story.

 

UK Infrastructure Bank marks important milestone as government publishes Bill in Parliament

12 May 2022

 

In a significant milestone, the government has published the UK Infrastructure Bank Bill following the Queen’s speech at the state opening of Parliament.

 

You can read more about this story.

 

UK Infrastructure Bank appoints Leading Professor to support mission to tackle climate change and boost economic development

27 April 2022

 

The UK Infrastructure Bank welcomed its first Lead Climate Advisor, Professor Andy Gouldson, as part of our ongoing work to partner with regional and national experts to shape the work of the Bank and ensure its long-lasting impact.

 

You can read more about this appointment.

 

UK Infrastructure Bank investment to support thousands of rural homes to access ultrafast broadband in Northern Ireland

01 April 2022

 

The UK Infrastructure Bank has today confirmed it will invest £50 million as a co-lender to the broadband provider Fibrus, which is delivering high-capacity broadband to rural homes and businesses across Northern Ireland.

 

You can read more about the deal.

 

New UK Infrastructure Bank investment supports green bus route to boost connection and jobs in West Midlands

15 March 2022

 

The UK Infrastructure Bank has today confirmed it will partner with the West Midlands Combined Authority (WMCA) to invest £10 million in phase 1 of the new Sprint Bus Route in Birmingham along the heavily congested A45 corridor. The project will increase connectivity between residential and employment areas, speed up journey times and reduce carbon emissions, supporting the WMCA to create a zero-emissions corridor by 2030.

 

You can read more about the deal.

 

Developing our strategic plan

20 Jan 2022

 

In June 2022, we will publish our first Strategic Plan, which will set out our strategy, including investment priorities. To support this strategy development, we are running an extensive engagement exercise, talking to over 100 organisations to hear their views on the potential private sector opportunities in our priority sectors.

 

You can read more about the plan and give your feedback.

 

£100m UK Infrastructure Bank investment helps provide quarter of a million rural homes with ultrafast broadband

18 December 2021

 

The UK Infrastructure Bank has today confirmed it will invest £100 million as a co-lender in providing high-capacity broadband to hard-to-reach UK premises through the internet provider Gigaclear.

 

You can read more about the deal.

 

First private sector deal for UK Infrastructure Bank

01 December 2021

 

The UK Infrastructure Bank has made its first private-sector transaction, which will help catalyse a new £500m fund with NextEnergy Capital that could double the amount of subsidy-free solar power in the UK.

 

You can read more about the deal.

 

First UK Infrastructure Bank investment goes to green energy hub unlocking thousands of jobs in Teesside

25 October 2021

 

The UK Infrastructure Bank has today confirmed it will invest £107 million in the South Bank Quay development at Teesworks in Teesside (North-East England) supporting c.800 direct jobs.

 

You can read more about the deal.