Government engagement in UK and Brussels

With the recently re-elected Boris Johnson Government in the UK and the new Commission in Europe both looking to address the delivery of infrastructure early in their respective terms, it has been a busy start to 2020 for GIIA.

Ahead of the March Budget, GIIA has written to Chancellor Sajid Javid welcoming his promise of an ‚Äėinfrastructure revolution‚Äô as well as the Government‚Äôs acknowledgement of the vital role private capital will play in delivering the country‚Äôs ¬£600bn infrastructure pipeline to 2050.¬† We have called for enhanced dialogue with the private sector over the funding models envisaged to achieve the UK‚Äôs infrastructure aspirations, not least in relation to the Net Zero commitments which promises to have profound impacts on the wider economy.

January also saw GIIA in Brussels to meet with senior representatives from the European Commission including from President von der Leyen’s Cabinet, where coordination of the EU Green Deal will take place, and Commissioner Gentolini’s Cabinet which has responsibility for the InvestEU programme and the Sustainable Europe Investment Plan. GIIA intends to play a prominent role in facilitating discussions on the delivery mechanisms for the recently announced  EU Green Deal and in particular the opportunities available to private investors. We look forward to discussing these and other opportunities with member companies at our annual seminar in February.

As always, members who wish to share their views and participate in any of GIIA’s workstreams are encouraged to get in touch.

GIIA responds to NIC’s call for evidence

GIIA, has responded on behalf of members to the National Infrastructure Commission’s Call for Evidence for their review, called The Future of Regulation Study.

The submission was a result of extensive consultations with GIIA members who collectively own and operate more than $660bn of infrastructure assets globally, with the largest single country allocation being the UK.

Director of Policy and Research Piers Thompson said:

‚ÄúEconomic regulation of water, energy and telecoms in the UK has facilitated the investment that has delivered world class infrastructure with improved outcomes for consumers, at low cost.‚ÄĚ

‚ÄúThese sectors can continue to attract investment and deliver positive outcomes for consumers and the environment if objectivity, transparency and predictability continue to be core to the regulatory model.‚ÄĚ

Read GIIA’s full submission here

GIIA is grateful to Allen & Overy for their assistance with this important submission on behalf of the sector.