The UK Infrastructure Bank has unveiled a new £22 billion ($27 billion) strategic plan to tackle climate change and boost regional growth.
The plan will make improving energy security and supply a top priority, with clean energy as the largest sector for investment. The bank will also invest in other key sectors, including transport, digital, water and waste, as well as financing the scale-up of existing infrastructure and accelerating the deployment of new technologies such as carbon capture, usage and storage, and hydrogen.
“We want our investments to shape the future and, for the first time, we’re highlighting where we expect the biggest investment opportunities will be to deliver on our mission to tackle climate change and regional inequalities,” said John Flint, CEO of the UK Infrastructure Bank. “We cannot achieve this alone. Across the breadth of our mission, we want to work with partners in the public and private sector to identify where our investment