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Ex-British Land CEO set to chair new infrastructure bank

Ex-British Land CEO set to chair new infrastructure bank Former British Land chief executive Chris Grigg has been lined up as chairman of the government’s new National Infrastructure Bank. Grigg could be named as the bank’s first chair as early as Friday, according to Sky News. A search for a chief executive will then take place. Chancellor Rishi Sunak announced plans for a UK infrastructure bank in his March Budget. It will be tasked with helping to finance large, new infrastructure projects in conjunction with private investors, with a particular focus on schemes that contribute to the country’s net-zero carbon goals. The bank has been designed to replace some of the investment that was made by the European Infrastructure Bank pre-Brexit.

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