UK Infrastructure Bank

“Over the last three years, the Bank has invested nearly £3.5 billion, unlocking almost £11 billion in private capital and creating or supporting over 10,000 jobs." Hear from our Chairman Chris Grigg, CEO John Flint, clients Rock Infrastructure Limited, Cornish Lithium Plc, Pulse Clean Energy, Leeds City Council and our colleagues as they share their views on the Bank, our journey over the past three years, and the impact we’re delivering through our transactions. Chris Grigg, Chairman, #UKIB: “There’s a lot for us to be proud of – we’ve built, we’ve created a niche investment bank in the course of only three years. There’s a lot to do to meet the Government’s net zero targets, and I think the ability to bring the Bank’s skillset and capital to bear on these big missions is going to be absolutely critical.” Jeremy Wrathall, Nicola Johnson, Tom Riordan CBE, Mark Swindell, Natasha Scarisbrick, Sheer Khan, James Dobing, Sophie Brown, Stuart Leslie #InfrastructureInvestment #NetZero

Watch Leeds City Council Chief Executive Tom Riordan CBE as he talks about the way #UKIB has helped, and will continue to support, local authority projects to help meet #NetZero targets. If you have a local authority project we may be able to assist with, get in touch https://lnkd.in/gtEK_XPB

Representatives from UKIB attended the unveiling of Invinity Energy Systems' new vanadium battery storage manufacturing facility in Motherwell, Scotland yesterday. Adam Howard, a director of banking and investments at UKIB, helped unveil the cutting-edge facility at a Capital Markets Day in front of company employees, investors and other stakeholders before discussing the critical role longer-duration energy storage solutions will have in supporting the UK’s net zero transition. The Bank’s £25 million equity investment in Invinity earlier this year has helped the business to grow its footprint in Scotland, supporting the development of a promising new longer-duration technology while boosting manufacturing in the nation and unlocking opportunities for skilled job. You can read more about our investment in Invinity here: https://lnkd.in/gC_c-pZV #NetZero #InfrastructureInvestment

In our latest guest blog, Managing Director of Infrastructure at Aviva Investors Darryl Murphy gives the market view on the role of UKIB in unleashing capital to support net zero targets. “Only by providing an effective, open and transparent conduit to the financing and investment market will UKIB be able to deliver on its stated objectives to work alongside the private sector and unleash the billions of capital waiting to be deployed. Deals completed so far suggests it is an institution more than willing and capable of playing this role.” Read Darryl’s blog: https://lnkd.in/ebqSsdXF #InfrastructureInvestment #NetZero

Nationwide full-fibre broadband for homes and businesses in every part of the UK will boost productivity and aligns with our mission to drive growth. Ian Brown, Head of Banking and Investments at #UKIB, discusses the demand for financing from the digital sector and how the Bank can deploy capital where it’s most needed.   “Our participation in deals is intended to give confidence to other investors, in turn crowding in private finance. All of our digital deals will support businesses committed to connecting the hardest-to-reach areas of the UK, and we will prioritise altnets delivering BDUK procurement contracts. In many cases, these are newer entrants, who are trying to raise private finance in a challenging market.” Read Ian's blog: https://lnkd.in/eqg7mqnv #InfrastructureInvestment #NetZero

The UK Infrastructure Bank has today announced a £35 million commitment to Cornwall-based internet provider Wildanet. The Bank's investment will support the expansion of Wildanet's high-speed internet network to underserved rural areas in Cornwall, supporting economic growth, productivity, and social wellbeing for local communities and economies. Ian Brown, UK Infrastructure Bank Head of Banking and Investments, said: “The nature of Cornwall’s location and its geography makes it one of the most difficult to reach places for internet providers and, as a result, it has lower speeds than the UK average. “Our financing for Wildanet’s rollout will support communities and grow economies that would otherwise miss out on the benefits associated with improved connectivity.” https://lnkd.in/eMnaPysZ #InfrastructureInvestment #NetZero

UKIB were pleased to be involved in the UK Research and Innovation event which celebrated the completion of the Industrial Decarbonisation Challenge - a £210m programme which has focussed on accelerating the #decarbonisation of industrial clusters through technologies such as carbon capture and storage (CCS), and #hydrogen production and distribution. Emily Sidhu, Managing Director, Banking and Investments spoke on a panel at the event discussing investor confidence. On the panel Emily outlined that #UKIB is here to provide financing to CCS and hydrogen projects in line with the UKIB strategy. She discussed what makes a project ‘bankable’ and how UKIB can work with other lenders, ensuring our investments are additional and have impact. UKIB look forward to working closely with projects across the CCS and hydrogen sector to accelerate financing and delivery of industrial decarbonisation. Find out more about our strategy: https://lnkd.in/e7h3iHuP #NetZero #InfrastructureInvestment

Yesterday Rt Hon Rachel Reeves announced details of the National Wealth Fund and confirmed £7.3bn of additional funding will be allocated through the Bank. We look forward to catalysing private investment to tackle climate change and boost regional and local economic growth at an even greater scale. Over the last three years we have invested over £3bn in projects in all four corners of the UK, and in doing so mobilised almost £11bn in private capital, supporting over 10,000 jobs. John Flint, CEO, said: “We have a strong track record of deploying capital where it’s needed to unlock private investment in critical infrastructure along the path to net zero.   "We look forward to applying the skills and expertise we have built up over the last three years to invest the additional £7.3bn we have been allocated, and over the coming weeks, we will work closely with the Government to shape future arrangements to boost sustainable growth across the length and breadth of the UK.”   We will be working closely with the Government over the coming weeks as they shape the National Wealth Fund. Yesterday we announced a £150m investment in Hyperoptic to support the rollout of fast and reliable broadband across the UK, and with a busy pipeline of projects to support, we look forward to sharing news of further transactions in the coming weeks. Read the HM Treasury announcement: https://lnkd.in/eb4zH2Pf #NetZero #UKIB #NationalWealthFund

We have today announced a £150m commitment to internet service provider Hyperoptic to finance the rollout of fast and reliable gigabit-capable #broadband to premises across the country. Our investment forms part of Hyperoptic’s latest debt raise, bringing the total facility amount to over £1.1bn of commitments drawn and available to be drawn. It will ensure that the scale and pace of Hyperoptic’s rollout continues. Almost half of Hyperoptic’s rollout is for premises with no existing full fibre network #infrastructure, and over a third is expected to connect social housing premises, which are traditionally less likely to have infrastructure in place to support full fibre internet access. Ian Brown, Head of Banking and Investments at #UKIB, said: “Reliable internet connectivity is increasingly important to participate in the modern economy and drive forward the UK’s net zero and regional growth ambitions. Our investment in Hyperoptic will ensure that the scale and pace of the full fibre rollout is sustained, specifically in those areas where it’s needed the most, opening up opportunity for numerous communities across the UK. We hope that our commitment will help mobilise further private debt financing for Hyperoptic’s continued network expansion.” https://lnkd.in/efJX-xMa   #InfrastructureInvestment #NetZero

We have now entered the pre-election period, which will last until the General Election is over. During this time, there are conditions we must adhere to around our communications activity, and our channels will be quieter than usual.