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

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.  

UKIB will move into its new city centre location at 2 Whitehall Quay in early summer 2024 following the end of its current lease at One Embankment. The Bank will occupy three floors of the newly refurbished premises, alongside the National Infrastructure Commission and the Low Carbon Contracts Company. 

The move to Whitehall Quay reflects UKIB’s long-term commitment to Leeds and its continued contributions to the economic and professional vibrancy of one of the largest centres for finance and professional services outside London. With almost 250 permanent staff, the new space will also accommodate the Bank’s changing needs as a larger and more established organisation. 

James Emmett, COO of UK Infrastructure Bank, said:  

"We are delighted to be strengthening our commitment to Leeds with a new space at 2 Whitehall Quay. The fact UKIB is anchored in the city is a key part of the Bank’s identity, and we are proud to have our headquarters here. Signing this long-term lease marks the next chapter in UKIB’s development and recognises the strength of the talent and expertise in the region’s vibrant financial ecosystem. Our new premises will provide a space that enables us to house our staff, meet with clients, attract the best talent and collaborate in our mission to tackle climate change and boost growth across the UK.”

James Heath, Chief Executive of the National Infrastructure Commission, said:

“Working alongside the UK Infrastructure Bank at the heart of one of the UK’s greatest cities has already brought us benefits, both in opportunities to engage with local civic and business leaders but also in terms of the quality of staff we have attracted from around Yorkshire and beyond. We’re pleased to have found a long-term home here and look forward to continuing to grow our presence in Leeds.”

Andrew Deeley, Director of Strategy and Development, LCCC, said:

“The recent collocation with UKIB and the NIC in Leeds allows us to be at the heart of some of the greatest decarbonisation projects in Great Britain. We look forward to working with UKIB and the NIC, and getting to know this fantastic city.”

Notes to Editors

  • HM Treasury is the Bank’s sponsor Government department and its sole shareholder. The Bank was set up by the Chancellor to invest in UK infrastructure projects that support the Government’s net zero targets and drive regional and local economic growth.
  • For more information on the UK Infrastructure Bank, please contact Catherine Leonard and Archie Hart at:
  • Read our COO James Emmett's blog: Beyond bricks and mortar - the Bank's commitment to Leeds.