The Minister for Investment has outlined and promoted the huge range of infrastructure opportunities available in the UK in a speech to a major summit in Berlin.
Graham Stuart MP spoke of the UK’s superb track record of delivering infrastructure projects at the Infrastructure Investor Global Summit in Berlin, which was attended by 1,400 delegates who manage more than £500 billion in capital combined.
It is a critical time for the UK, with the complexities of Brexit still rumbling on. Progress has been made on that front, which has in turn been welcomed by the business community who are pleased to see the agreement of a transition period.
Uncertainty still remains on this front, it would be fair to say. However, Graham Stuart’s speech at the summit in Berlin sought to outline just how ready and open Britain is for business.
Infrastructure opportunities are clearly available in the UK. HS2 is moving forward at a rapid pace, the Elizabeth line will open for the first time in December, our rail lines are undergoing electrification, and significant investment has been made on roads.
In the next four years, 720 infrastructure projects are expected to start, and with the likes of Crossrail 2 and Road Investment Strategy 2 both gaining traction, the Minister for Investment believes there are a great number of investment opportunities in Britain for foreign businesses.
He said: “Since the Department for International Trade’s foundation in July 2016, the British government now has a department of state solely focused on trade and investment and our network is dedicated to supporting businesses across the globe.
“The UK is Europe’s top destination for foreign investment, and as an international economic department, we are determined that investment in infrastructure is a major part of the Industrial Strategy.
“The pipeline identified over 700 projects, valued at more than £500 billion.
“There is vast scope for private sector investment in these projects. From utilities, to communications, to vast new energy supply projects, there has never been such a wealth of opportunity for infrastructure investors in the history of the United Kingdom.”