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...
Category: Infra
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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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Macquarie Group Commits £20 Billion to UK Infrastructure, Including Nationwide EV Charging Rollout
Macquarie Group commits £20 billion to UK investments, including nationwide rollout of fast-charging EV infrastructure. Roadchef, a Macquarie portfolio company, will install around 650 fast-charging points across its motorway service areas. Investments span energy, utilities, transport, waste, and digital infrastructure across England, Wales, and Scotland. Macquarie Group’s Managing Director and CEO, Shemara Wikramanayake, announced the...
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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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New body to “get a grip” on infrastructure delays
Chief Secretary Darren Jones sets out plan for Britain’s infrastructure to restore investor confidence. New body will help “get a grip” on the delays to infrastructure development. Government also sets out first national infrastructure strategy just days before global investors arrive in the UK for the International Investment Summit. The cycle of underinvestment and instability that has...
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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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The Crown Estate and Eni sign agreement on UK’s first carbon capture project to reuse existing infrastructure
The Crown Estate has awarded an Agreement for Lease to global energy company, Eni, for the first carbon capture and storage project in the UK to repurpose existing pipeline infrastructure, reducing both cost and the environmental impact of construction. The Agreement for Lease will enable Eni to access the seabed and repurpose existing pipelines...
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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....