During March and April, GIIA established three member working groups to focus on the key markets of the UK, EU and US as part of an overarching strategy to position members as a key part of the response to the global COVID-19 emergency. All groups have now met virtually and are implementing a programme of activity in each region with a focus on supporting governments as they seek to get their economies up and running again.
The UK Working Group met on 22 April and provided direction on a set of policy positions ahead of a meeting with the newly appointed Minister of State for Investment, Lord Grimstone on 23 April. We are now in the process of taking forward the actions from that important Ministerial dialogue, including a possible Minister/member roundtable in coming weeks. Members are also feeding in to a workstream with Department for International Trade and Department for Business, advising them on the investor provisions within a proposed UK-EU Comprehensive Free Trade Agreement. GIIA has also been working with sector trade bodies for aviation and water to support members’ interests and we are closely monitoring developments in other sectors such as energy.
The EU Working Group met on 16 April and will be working with the GIIA Executive Team to develop themes for a virtual workshop with officials within the Cabinet of EC President von der Leyen, coming weeks. The group are also coordinating a response to consultations on the Green Deal Climate Pact and the renewed European Sustainable Finance Strategy; it is also feeding views in to the Invest EU programme’s non-paper on draft investment guidelines for the bloc.
The US Working Group met on 8 April. Members are proactively taking part in a drafting sub-group that is coordinating a submission to senior decision makers on Capitol Hill. The submission will outline appropriate funding mechanisms, policies and regulatory changes necessary to incentivise private investment in infrastructure and support the economic recovery efforts of the US federal and state legislatures as they begin to emerge from the crisis in the months ahead.
Members can access notes from all of GIIA’s Policy Working Group meetings by accessing the members-only section of the website and visiting the relevant forum. Click here to access members-only section.
If you require a member login for the forum please contact Tim Horan.