Global investors in infrastructure have a vital role to play in post-Brexit Britain. That was the message from Lord Hill to an audience of many of the world’s leading investment funds who met in the City of London on 5th October.
In a fascinating personal insight into the politics and Politics of the forthcoming Brexit negotiations, the former EU Commissioner emphasised the importance of Britain demonstrating to the world that it was open for business by setting out a new programme of infrastructure investment. But he urged investors to make their case to Government sooner rather than later.
With the timetable for triggering Article 50 now clear, Lord Hill said that business had a small window in which to ensure that the UK Government understood their requirements as it developed its future strategy and negotiating mandate. And he concluded by saying that whatever the outcome of the negotiations, business needs certainty in order to plan ahead.
“We were honoured to have the opportunity to hear directly from Lord Hill on his unique insights into the issues and challenges facing the counterparties in the forthcoming negotiations. Many of our global members have already invested billions of pounds in UK infrastructure that has seen vast improvements to our transport system, our utilities and our renewable energy supply. There is an appetite for further investment in the UK but the Government needs to understand the role it can play to reduce uncertainty and remove unnecessary barriers. We look forward to that dialogue.” said Andy Rose, GIIA’s CEO.