UK Infrastructure Bank Secures Royal Assent, Boosts Billions for Growth and Green Projects
Bank Gains Full Independence with New Law
The UK Infrastructure Bank bill has received Royal Assent, officially cementing the Bank’s independence. This landmark move locks in its mission to level up UK regions and fight climate change, with clear accountability rules now enshrined in law.
£1.2 Billion Deals Already Powering £5 Billion Investment Surge
The Government’s investment powerhouse has already announced £1.2 billion in deals that have unlocked more than £5 billion in private and public funding. The Bank aims to unleash a colossal £40 billion to supercharge infrastructure across the nation.
Leeds Headquarters Create Hundreds of New Jobs
Based in Leeds, the UK Infrastructure Bank is delivering hundreds of local jobs, while generating and supporting 4,500 roles nationwide. The Bank bankrolls projects that improve clean energy, transport, digital links, water, and waste management.
Government Eyes Green Industrial Revolution and Economic Growth
Andrew Griffith MP, Economic Secretary to the Treasury, said: “The UK Infrastructure Bank has already announced billions of pounds of vital investment as well as creating and supporting over 4,500 jobs UK wide.
“We have a laser focus on growing the economy and delivering high skilled, well paid jobs, as we drive forward this country’s clean energy revolution, creating opportunity in every region of the UK.”
Backing Fibre Rollout and Beyond
Launched in June 2021, the Bank holds £12 billion in capital and the power to issue £10 billion in Government guarantees. Recently, it used these powers to unlock £75 million to speed up full-fibre broadband rollout to 1.5 million UK homes—boosting digital infrastructure nationwide.
