Ex-British Land Chief named Head of UK’s £22bn Infrastructure Bank April 29th, 2021 Nathan Spencer The former boss of British Land – Chris Grigg – has become the first head of Britain’s national Infrastructure Bank set to be headquartered in Leeds. The Infrastructure Bank was announced by The Chancellor Rishi Sunak at the budget – stating the bank will be provided with £12bn of equity and debt capital as well as £10bn of guarantees to co-invest with the private sector on programmes that support regional growth and tackle climate change. The bank will “play a key role in delivering on the UK’s net zero commitments and levelling up across the country by co-investing alongside the private sector in vital infrastructure projects, like transport, renewable energy and digital connectivity.” Grigg, formerly a boss at Barclays’ commercial bank in addition to his role at British Land, had been a senior adviser in charge of setting up the Infrastructure Bank after it was given the green light last year. He also sits on the board of BAE Systems, the defence contractor, as a non-executive director. His appointment as Chairman will be followed by a search for its inaugural Chief Executive. It’s a major coup for Leeds in addition to the Bank of England announced a new ‘Northern Hub’ in the city.
