UK Infrastructure Bank pledges to make direct equity investments

Quick Summary

It is focused on clean energy and “levelling up” local economies, specifically companies and initiatives that have trouble securing private financing.

It has £22bn to invest over the next five to eight years, comprising £8bn of debt and equity, £10bn of government-guaranteed finance and £4bn for local authority lending.

The bank was launched last June by the government as an independent organisation with the aim of investing taxpayer money alongside private finance into infrastructure projects.

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Article Details

Author / Journalist: Emma Dunkley

Category: MarketsFinanceInvesting

Topics: Investments Infrastructure Party Equity Flint Fund Financial Bank Third

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 20:00:38

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 656 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 4361

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

Last Updated: 8h ago

Coverage Areas: United States

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