On behalf of HM Treasury, UKGI acts as shareholder for the UK Infrastructure Bank. The UK Infrastructure Bank exists to help tackle climate change and support regional and local economic growth.
Since taking on the shareholder role in May 2021 we have been successfully establishing the core building blocks to effectively carry out the shareholder representative role, utilising our existing ALB set-up experience from organisations such as Green Investment Bank and British Business Bank to support HMT.
Over the last year some of our key achievements have included establishing regular monitoring and reporting through Quarterly Shareholder Meetings. UKGI played a key role in the preparation and execution of the UK Infrastructure Bank’s Financial Framework Document and related financial set-up aspects which underpins the Bank’s £7billion borrowing and £5billion equity facility. Working closely with HM Treasury and the UK Infrastructure Bank Chair, UKGI continues to build effective leadership at the Bank through establishing the Bank’s Board including recently appointing four Non-Executive Directors with the required expertise to enable UKIB to deliver the Bank’s objectives