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

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry