Chancellor of the Exchequer Rishi Sunak
UK investors welcome new infrastructure bank
The chancellor’s plan to create a new British infrastructure bank has been warmly welcomed—but how will this influence the UK's energy transition journey?
The UK’s renewable energy sector is set to receive a huge boost as plans are underway to create a new green-focused infrastructure bank. In his spring statement on 3 March, Chancellor Rishi Sunak unveiled plans for developing a Leeds-based bank to target sectors such as renewable energy and carbon capture. It will start with initial capitalisation of £12bn ($16.8bn), with at least a further £40bn of investment expected, and the bank has already attracted interest from institutional investors. “It is a good idea, and the government is going to need a lot of financing for its ten-point plan” Bryn Jones, Rathbones Bryn Jones, head of fixed income at asset manager Rathbones, regards this
Also in this section
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
