Press Room
UK government needs a clearer strategy for investors of
'infrastructure UK', says Grant Thornton UK LLP
Commenting on the establishment of Infrastructure UK, which was
announced in today's Pre -Budget Report, Nathan Goode, Renewables
Partner for Grant Thornton's Government and Infrastructure Advisory
team says:
"In the establishment of Infrastructure UK, we welcome the
unified approach the UK Government is adopting to its future
infrastructure needs. Meeting the low carbon agenda and a new high
speed line from London to the West Midlands and beyond is expected
to require in excess of £200bn of new funding.
"However, if investors are to be attracted to meet this gap,
they require the Government to provide a clear strategy and
supportive investment framework. The creation of Infrastructure UK
working closely with the sponsor departments, represents a clear
tick in the box. That the Government is looking to build on the
successful track record of the UK in PFI/PPP will provide a further
fillip to the infrastructure investment community."
The Chancellor today announced the establishment of
Infrastructure UK which will help facilitate private sector
investment in infrastructure and help ensure that publicly funded
infrastructure is effectively prioritised and delivered.
For further information, please contact:
Stephanie Aneto, Grant Thornton press office, tel: 020 7728 2940 or
email: stephanie.aneto@gtuk.com