Former British Land chief executive Chris Grigg has been reappointed as chair of the UK Infrastructure Bank.
He will remain as chair for a further three years from May 2024.
Since becoming chair in 2021, Grigg has overseen the scale-up of the bank.
He said: “The bank has made remarkable progress since it was set up, in its mission to boost regional and local economic growth and to help tackle climate change. We have become an organisation which can both commit capital and help provide solutions to the big challenges ahead. Of course, much remains to be done. I look forward to helping deliver on the bank’s mission at a critical time for the UK.”
The Infrastructure Bank is a key part of the government’s commitment to supporting private investment in UK infrastructure.
HM Treasury, of which the bank is part, said high-quality infrastructure was crucial for economic growth, achieving net zero and levelling up regions across the UK and private investment in infrastructure was critical to these goals. It said the bank’s remit of crowding-in private finance was an important tool to help secure that investment.
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