UK Infrastructure Bank takes shape
The Government’s new Infrastructure Bank, announced in this year’s Queen’s Speech, now has four new non-executive directors serving on its board.
Bridget Rosewell CBE, Tania Songini, Marianne Økland and Nigel Topping will be the first set of permanent non-executive directors on the board of the UKIB.
The Bank, which was launched at its headquarters in Leeds in June last year, is tasked with accelerating investment into ambitious infrastructure projects, cutting emissions and levelling up across the UK.
Since its launch, the Bank has completed seven deals, including financing the UK’s largest solar farm in south Wales, investing £100 million to provide high-capacity broadband to around 500,000 properties in hard-to-reach UK premises and a further £50 million to improve digital connectivity for rural homes and businesses across Northern Ireland.
The appointment of four new non-executive directors, all with extensive experience in the Bank’s areas of interest, will strengthen the Bank as it finalises its set-up.
The Economic Secretary to the Treasury, John Glen, said, “Since its launch nearly a year ago, the Bank has already delivered on its mandate, investing in projects that will support net zero and levelling up across the whole of the UK.
“These appointments will further strengthen the Bank’s capability and support it to deliver on its goals.”
The Chair of the UK Infrastructure Bank, Chris Grigg CBE said, “The appointment of this exceptional group of non-executive directors is a real milestone for the Bank, as we approach our one-year anniversary and prepare to publish our strategy in the coming weeks.
“I am very pleased we’ve secured such a diverse and globally experienced team, who will help us build on the great start we’ve made to deliver against our mission and support a culture of innovation, learning and excellence as we grow.”