25 Sep 2024
Reported in City AM Singapore’s sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour’s economic strategy. GIC, the world’s seventh-largest sovereign wealth fund with more than $800bn (£600bn) in assets, declared its […]
05 Sep 2024
Water UK, the trade association for the water industry, has published its response to Ofwat’s recent draft determination, which gives the economic regulator’s initial view of water company business plans for the forthcoming five year period, 2025 to 2040. In its submission Water UK urges Ofwat to back company plans in full and ensure the […]
27 Aug 2024
A £60m transformation of a Pembrokeshire dockyard could see 1,800 jobs created. The Pembroke Port was officially reopened on 21st August as a “world-class centre” for wind, wave and tidal power projects. 1,800 new jobs It is proposed the £60m project will help turn the site into a renewables port by creating a hub for […]
31 Jul 2024
One of the major credit rating companies, Fitch Ratings, has warned that some UK water companies will “find it challenging” to maintain existing ratings for AMP8 In a new report, Fitch says the Draft Determinations recently announced by UK water regulator Ofwat for the AMP8 April 2025 to March 2030 investment period, introduces several significant changes […]
22 May 2024
A new report by the House of Commons Public Accounts Committee (PAC) is warning that the UK Government and wider economy lack the necessary skills and capacity to deliver ambitious plans for major infrastructure over the next five years. The Committee is calling for the Government to set out how it will address these issues […]
23 Apr 2024
RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published a detailed Industrial Growth Plan, setting out how to triple offshore wind manufacturing capacity over the next ten years, firmly establishing the UK as a leader in a surging global market. Projected employment With 32,000 already employed in the sector, […]
20 Mar 2024
In a letter to the Defra Secretary, the Environment, Food and Rural Affairs (EFRA) Committee argues that green spaces should be a much higher priority, and calls for reforms and greater Government leadership to encourage more investment into and facilitation of green infrastructure. Read the letter published today Inquiry: Urban Green Spaces Environment, Food and […]
13 Mar 2024
The government has announced that fast-tracked investment of £180m over the next 12 months is expected to prevent more than 8,000 sewage spills polluting English waterways. According to Defra, it follows the Secretary of State directing water and sewage companies last December to measurably reduce sewage spills over the next year by accelerating commitments and delivering new […]
