What we do


UK Financial Investments Limited (UKFI) was created in November 2008 as part of the UK’s response to the financial crisis.

UKFI is responsible for managing the Government’s shareholding in The Royal Bank of Scotland Group plc. UKFI is also responsible for managing the Government’s loans and 100% shareholding in UK Asset Resolution Ltd (“UKAR”) and its subsidiaries. UKAR was formed during 2010 to integrate the activities of Northern Rock (Asset Management) plc and Bradford & Bingley plc. UKFI managed the Government’s 100% shareholding in Northern Rock plc from Northern Rock plc’s formation on 1 January 2010 up to its sale to Virgin Money on 1 January 2012. UKFI was also responsible for managing the Governments shareholding in Lloyds Banking Group plc until the final sale of the Government’s shares in May 2017. 

The overarching objective of UKFI is to manage these shareholdings commercially to create and protect value for the taxpayer as shareholder and to devise and execute a strategy for realising value for the Government’s ownership stakes in an orderly and active way over time within the context of protecting and creating value for the taxpayer as shareholder, paying due regard to the maintenance of financial stability and acting in a way that promotes competition.

UKFI is a Companies Act company and operates at arms-length from Government. Since 1 April 2016 UK Government Investments Limited has been its sole shareholder. The ultimate beneficial owner of UKFI is HM Treasury. More detail on the role of UKFI, its remit and ownership approach is set out in our Framework Document and Investment Mandate.    


 
QUICK LINKS

PRESS RELEASE
31st March 2017

UKAR announces £11.8 billion sale of Bradford & Bingley assets
UK Financial Investments Limited (UKFI), today confirms that following an open and competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and NRAM Limited (NRAM), has agreed to sell two separate asset portfolios of performing buy-to-let loans from B&B to Prudential plc and to funds managed by Blackstone for £11.8 billion


PRESS RELEASE
7th October 2016

Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).