Rachel Reeves met with chief executives and representatives of several banks, including HSBC, Lloyds, M&G, BlackRock and Santander.
“Under the right conditions, there are significant pools of private capital available to finance investment in critical national infrastructure,” Reeves said.
The discussions focused on the way in which innovative financing models could be developed to help increase infrastructure investment and delivery, in particular to help create the projects needed to deliver the energy transition.
“Our new British Infrastructure Council will help unlock private investment for national infrastructure projects from clean energy to transport,” Reeves added.
Labour has been keen to position itself as a natural friend of business and investment, with leader Sir Keir Starmer having pledged on a number of times to work “hand in glove” with the private sector to deliver a range of investment, including infrastructure.