John Flint is to step down from the role of the CEO of the National Wealth Fund in the summer after seeing through the transition from the UK Infrastructure Bank.
Appointed as CEO of UKIB in 2021, Flint led the organisation from a startup to an established feature of the UK investment and policy landscape.
In October 2024, UKIB was transformed into the NWF with Flint taking on the role of CEO of the new organisation. Its broader mandate is to support the government’s growth and clean energy missions through partnership with the private sector and local government.
Since its launch the NWF, backed by capitalisation of £27.8bn, has invested in 11 deals.
It recently committed to trialling strategic partnerships with local government, starting in Greater Manchester, West Yorkshire, West Midlands, and the Glasgow City Region.
These partnerships aim to provide enhanced, hands-on support with tailored commercial and financial advice to help regions develop and secure long-term investment opportunities.
“John Flint has been an outstanding CEO of UKIB and the NWF. He will leave behind a considerable legacy – having led the scale-up of UKIB and its transformation into the NWF. I would like to thank him and wish him well,” said Chancellor Rachel Reeves.
“His successor will be required to build on his work by backing businesses and our local leaders to invest in the industries of the future. In doing so we can get Britain building the infrastructure we need to grow as part of our Plan for Change.”
Flint said: “It has been a huge privilege to lead UKIB and NWF, working with some of the brightest and best of the public and private sectors. After successfully leading the transformation of UKIB into the NWF, this summer will be the right moment to hand over to a successor and look for a new challenge.
“I will do so feeling confident that the NWF is well positioned to mobilise billions of pounds of investment and play a leading role in supporting the government’s ambitions on growth and clean energy. I will follow its future activities with interest.”
A recruitment process to identify Flint’s replacement will launch shortly. Flint will remain as CEO until the summer to support an orderly transition.