The National Infrastructure Commission has welcomed the appointment of Chris Grigg CBE as Chair of the UK Infrastructure Bank, announced today by HM Treasury.
Sir John Armitt, Chair of the National Infrastructure Commission, said: “I am pleased to congratulate Chris Grigg on his appointment as Chair of the UK Infrastructure Bank.
“This is a key milestone for the new organisation, which we expect will play a major role in catalysing the investment needed for post-pandemic recovery, reaching net zero and enabling all parts of the UK to meet their long term growth potential. It’s a great appointment and I look forward to working closely with Chris to help further these aims.”
The Commission recommended the establishment of a financial institution to replace UK access to the European Investment Bank in its 2018 National Infrastructure Assessment. Following the Commission’s recommendation, government carried out an Infrastructure Finance Review, publishing a formal consultation in spring 2019. Following this work, government confirmed its intention to set up an infrastructure bank in its National Infrastructure Strategy, published in November 2020. In March, government announced some further details of how the bank will operate, and that it will be based in Leeds.