Chancellor appoints first chief of UK infrastructure Bank

Chancellor, Rishi Sunak, has appointed John Flint as the first permanent chief executive of the UK Infrastructure Bank (UKIB).

Flint (pictured) will lead the UKIB in its task to “accelerate investment into ambitious infrastructure projects that cut emissions and help level up every part of the UK,” in sectors including clean energy, transport, digital, water and waste.

The bank will receive an initial £12bn of capital and will be able to issue a further £10bn of government guarantees, helping to unlock more than £40 billion of investment overall.