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...
Category: Infra
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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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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...
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Chief Secretary to the Treasury sets vision for future of Britain’s 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...
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UK investment scheme to boost energy storage infrastructure
LDES technologies include pumped storage hydro. Credit: David Pimborough / Shutterstock. The government of the UK has launched a new investment support scheme aimed at bolstering the country’s energy storage infrastructure. The initiative aims to encourage the development of long-duration energy storage (LDES) facilities, which have not seen significant investment in nearly four decades. LDES...
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UK pension funds set to boost infrastructure investment amid volatility
Pension schemes in the UK are set to increase their investments in infrastructure, with the asset class emerging as a key diversification tool in the face of economic uncertainty. According to the Pensions Policy Institute’s latest report – Pension scheme assets – a deep dive into infrastructure – pension schemes currently allocate just 1-3% of...
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UK: Siemens Mobility Opens Goole Train Manufacturing Facility
Siemens Mobility has opened its new 200 million GBP Goole Train Manufacturing Facility in the North of England. The event was attended by Transport Secretary Louise Haigh and Mayor of London Sadiq Khan. It celebrated Siemens’ ongoing investment in the region, including an additional 40 million GBP pledged towards a Bogie Assembly and Service Centre....