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.

Mr Griffith met with Chair of the UK infrastructure Bank, Chris Grigg, and Chief Executive, John Flint, as he visited the Bank’s HQ at One Embankment in central Leeds.

The Bank, which launched 20 months ago, has expanded its offices to accommodate staff as it continues to scale up operations – it currently has around 180 staff, with an increasing number of permanent employees. It expects to be at around 280 at steady state, with the majority of staff based in the Leeds office.

HM Treasury is the Bank’s sponsor Government department and its sole shareholder. The Bank was set up by then Chancellor Rishi Sunak to invest in infrastructure to support the Government’s net zero targets and drive up regional and local economic growth.

To date it has announced 10 deals, across sectors ranging from solar energy, to fibre broadband, to an interconnector, crowding in £4.6bn of private finance in the process.

The Bank shares its new office space with the National Infrastructure Commission, which recently established a presence there.

Economic Secretary to the Treasury, Andrew Griffith, said:

"It’s been great to visit the UK Infrastructure Bank today as it expands its presence in Leeds.

"The bank is delivering on its mission to invest in the clean energy revolution and on much needed infrastructure - using its £22 billion of taxpayers’ money to help communities across the UK."

Chair of the UK Infrastructure Bank, Chris Grigg, said:

"The official opening of our new office space is emblematic of the progress we are making in building our capability from a standing start just 20 months ago. There’s a lot further to go, but it’s great that we now have extra space to accommodate our growing team, including many more permanent members."

John Flint, CEO of the UK Infrastructure Bank:

"The fact we are anchored in Leeds is a key part of our identity. It aligns with our mission to drive up regional and local economic growth. It also makes us part of a growing movement, with many other significant organisations – for example, Channel 4, the Financial Conduct Authority, and the National Infrastructure Commission - establishing or expanding bases here. I am grateful to the Minister for helping us to mark this milestone, as we expand our presence in the city."

The Bank's Chief People Officer, Patricia Galloway, recently posted a blog discussing the opportunities, challenges, and our progress in recruiting to the Bank.