Last week, we marked 1000 days since Russia launched its illegal, full-scale invasion of Ukraine. We recalled the devastating impact the war has had upon the Ukrainian people and the world, and reiterated our steadfast commitment to ensuring Ukraine gets the support it needs to defend itself and to achieve a just and lasting peace,...
Category: Infra
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The Bank of England’s approach to financial market infrastructure supervision
Foreword by the Deputy Governor, Financial Stability The Bank’s mission is to ‘promote the good of the people of the United Kingdom by maintaining monetary and financial stability’ and Parliament has given the Bank a statutory objective to protect and enhance the stability of the financial system of the UK. It is for these reasons...
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Why the United Kingdom Needs Its Own Cloud Infrastructure
The UK stands as a leader in Europe’s startup ecosystem, but it faces certain vulnerabilities. Despite subsidised offerings from global players like AWS, UK cloud providers have an opportunity to provide tailored services. The UK’s success is driven by top-tier research, a robust financial sector, and ambitious entrepreneurs. Other nations are keenly watching for weaknesses...
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‘We want to support Modi’s sustainable transport programme’ – Infrastructure News
The City of London Corporation, which houses the world’s busiest financial centre, where trillions of dollars of finance capital is transacted, is looking to identify projects in roads, rapid transit and renewable energy in India, said Chris Hayward, its policy chairman and co-chair of UK-India Infrastructure Financing Bridge. The Bridge will channelise project expertise and...
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Guatemalan private sector advocates to strengthening transparency in infrastructure development
Delegates from the British Chamber of Commerce, the Chamber of Construction and the CoST initiative from Guatemala participated in a regional event in Panama entitled “Galvanising the private sector in addressing public infrastructure challenges in Latin America” on 14-15 November. British Ambassador to Panama, James Dauris, welcomed the Guatemalan delegation alongside with representatives from Panama,...
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UK water companies embrace PFI to deliver £14bn of infrastructure
Britain’s debt-laden water utilities are being encouraged by the regulator to set up new privately financed companies to deliver billions of pounds worth of critical infrastructure such as reservoirs, treatment works and pipelines, which will be paid for through customer bills. United Utilities — the water company that came under fire this week over sewage...
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UK launches 2050 infrastructure strategy to speed up energy transition
REDUCING the UK’s lengthy grid connection backlog is a key focus of a government initiative to bolster energy infrastructure planning. The Strategic Spatial Energy Plan (SSEP) has been commissioned by the Scottish, Welsh, and UK governments to develop “better planning” for transition technologies, including storage and hydrogen projects, up to 2050. Publicly owned body, the...
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UK unveils blueprint for future energy infrastructure
The first version of the plan, set to be published in 2026, will concentrate on electricity generation and storage. Credit: dongfang/Shutterstock. The UK’s Department for Energy Security and Net Zero has revealed a strategic spatial plan to shape the future of the country’s energy infrastructure. The strategy is designed to steer the development of the...
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The UK unveils its strategic plan to modernize the energy infrastructure by 2050
The British government has tasked the National Energy System Operator (NESO) with developing a strategic plan to modernize the country’s energy infrastructure by 2050. This project aims to stabilize investments, reduce costs, and accelerate the transition to renewable energy, with a particular focus on offshore wind, energy storage, and hydrogen. It also seeks to reduce...
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Strategic plan for long-term energy infrastructure
new plan to provide a blueprint for Great Britain’s energy infrastructure out to 2050, providing stability for investors more strategic approach will help cut grid connection waiting times, reducing overall system costs and accelerating the government’s clean energy superpower mission UK, Scottish and Welsh energy ministers commission National Energy System Operator (NESO) to produce first...
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UK Fears Chinese Hackers Compromised Critical Infrastructure
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign powers. Senior ministers in the Labour government have been informed since taking power in July that hackers linked to Beijing have probably compromised...
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Reeves rebrands UK Infrastructure Bank into £27.8bn National Wealth Fund
In her closing speech at Labour’s International Investment Summit yesterday (14 October), Reeves said the NWF will have £27.8bn at play to invest into “clean energy and growth industries”. She is also working on legislation to bring infrastructure into the Fund’s mandate permanently. Labour turns to ‘kitchen sinking’ ahead of Budget as it faces ‘Herculean...