The UK stands as a leader in Europe’s startup ecosystem, but it faces certain vulnerabilities. Despite subsidised offerings from global players like AWS, UK cloud providers have an opportunity to provide tailored services. The UK’s success is driven by top-tier research, a robust financial sector, and ambitious entrepreneurs. Other nations are keenly watching for weaknesses...
Category: Infra
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Guatemalan private sector advocates to strengthening transparency in infrastructure development
Delegates from the British Chamber of Commerce, the Chamber of Construction and the CoST initiative from Guatemala participated in a regional event in Panama entitled “Galvanising the private sector in addressing public infrastructure challenges in Latin America” on 14-15 November. British Ambassador to Panama, James Dauris, welcomed the Guatemalan delegation alongside with representatives from Panama,...
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UK water companies embrace PFI to deliver £14bn of infrastructure
Britain’s debt-laden water utilities are being encouraged by the regulator to set up new privately financed companies to deliver billions of pounds worth of critical infrastructure such as reservoirs, treatment works and pipelines, which will be paid for through customer bills. United Utilities — the water company that came under fire this week over sewage...
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UK launches 2050 infrastructure strategy to speed up energy transition
REDUCING the UK’s lengthy grid connection backlog is a key focus of a government initiative to bolster energy infrastructure planning. The Strategic Spatial Energy Plan (SSEP) has been commissioned by the Scottish, Welsh, and UK governments to develop “better planning” for transition technologies, including storage and hydrogen projects, up to 2050. Publicly owned body, the...
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UK unveils blueprint for future energy infrastructure
The first version of the plan, set to be published in 2026, will concentrate on electricity generation and storage. Credit: dongfang/Shutterstock. The UK’s Department for Energy Security and Net Zero has revealed a strategic spatial plan to shape the future of the country’s energy infrastructure. The strategy is designed to steer the development of the...
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UK Fears Chinese Hackers Compromised Critical Infrastructure
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign powers. Senior ministers in the Labour government have been informed since taking power in July that hackers linked to Beijing have probably compromised...
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Reeves rebrands UK Infrastructure Bank into £27.8bn National Wealth Fund
In her closing speech at Labour’s International Investment Summit yesterday (14 October), Reeves said the NWF will have £27.8bn at play to invest into “clean energy and growth industries”. She is also working on legislation to bring infrastructure into the Fund’s mandate permanently. Labour turns to ‘kitchen sinking’ ahead of Budget as it faces ‘Herculean...
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UK Infrastructure Bank becomes £27.8bn National Wealth Fund
Leeds will host the headquarters of the National Wealth Fund Leeds will host the headquarters of the National Wealth Fund The UK Infrastructure Bank (UKIB) is becoming the National Wealth Fund (NWF), as announced by Chancellor Rachel Reeves at the International Investment summit in London today. The new NWF will expand UKIB’s remit beyond infrastructure...
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UK secures £6.3B in data infrastructure investments
Four major US firms have announced plans to invest a combined £6.3 billion in UK data infrastructure. The announcement, made during the International Investment Summit, was welcomed by Technology Secretary Peter Kyle as a “vote of confidence” in Britain’s approach to partnering with businesses to drive growth. CyrusOne, ServiceNow, CloudHQ, and CoreWeave have all committed...
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What’s the matter with listed UK infra funds?
The British infrastructure trust market is a mixed bunch of mostly smaller and specialist vehicles. The market capitalisation of the 32 trusts under consideration is close to £25 billion ($32.7 billion; €29.6 billion), at the time of writing, and the weighted average discount to NAV was 16.7 percent. This despite all of them being OECD-focused...
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Iberdrola’s £24bn Investment to Transform UK’s Green Energy Infrastructure
Iberdrola, the parent company of Scottish Power, has announced a significant £24 billion investment aimed at upgrading the United Kingdom’s energy infrastructure. This move is designed to support the country’s transition to a more sustainable future. The investment will chiefly focus on enhancing high-voltage cables, expanding electricity transmission and distribution capacity, and establishing new wind...
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Treasury Chief Outlines Future of UK Infrastructure
Thank you for the kind introduction. Great to hear all of the great work you’re doing in my constituency. That’s always a good pitch when a member of Parliament is coming onto the stage. And thank you to Skanska for hosting us. And it’s so great to see so many of you here. Thank you...