The deals, which represent the Bank’s first investments in the electricity storage sector, could facilitate around 1300 jobs and will unlock at least a further £200 million in match-funded private sector capital, acting as a catalyst for the sector and helping to build confidence among private investors. Securing enough storage capacity for the UK...
Category: Infra
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Record number of cyberattacks targeting critical IT infrastructure reported to UK gov’t this year
Within just the first six months of 2023, organizations operating critical IT infrastructure services in the United Kingdom reported more incidents to government authorities in which cyberattacks had significantly disrupted their operations than in any year previously, according to data obtained under the Freedom of Information Act. While the total count of attacks might seem...
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Bank of England and Financial Conduct Authority – Memorandum of Understanding on the supervision of financial market infrastructure and payment systems
Statement The Bank of England (Bank) co-operates with both the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR)1 to supervise financial market infrastructure (FMI) and payment systems, respectively. The frameworks for co-operation with these authorities are set out in two memoranda of understanding (MoU). These MoUs facilitate effective supervision and policy making by exchanging...
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Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. You can upgrade to premium access here. Illustration; Source: DNV As forces at play on the global energy chessboard lay the groundwork to usher in a low-carbon and green energy future,...
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UK Labour Party proposes £1.8 billion port infrastructure investment
Labour leader Keir Starmer was in North England on 18 April to announce what he called the country’s ‘most significant’ investment in port infrastructure in a generation. A shipping port in Southampton, Hampshire, England, UK. (Image: Adobe Stock) The allocated £1.8 billion (US$2.2 billion) would come from the party’s Green Prosperity Plan (GPP), which is...
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UK Infrastructure Bank on the move in Leeds | TheBusinessDesk.com
The UK Infrastructure Bank is to move out of its temporary head office in Leeds city centre to a new base at 2 Whitehall Quay. By the end of the financial year to 31 March 2023, the growing bank employed 194 full time equivalents, mostly in the Leeds head office and have grown to needing...
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Russia must immediately cease its bombardment of Ukrainian energy infrastructure: UK statement to the OSCE
Thank you, Madam Chair. During the last Permanent Council, the United Kingdom condemned Russia’s aerial attacks across Ukraine, and since then these attacks have continued to intensify, including last night. Energy infrastructure has been targeted and extensively damaged, leaving millions of civilians without power and water. The widespread impact of these attacks could last for...
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US sanctions APT31 hackers behind critical infrastructure attacks
The U.S. Treasury Department has sanctioned a Wuhan-based company used by the Chinese Ministry of State Security (MSS) as cover in attacks against U.S. critical infrastructure organizations. The Office of Foreign Assets Control (OFAC) has also designated two Chinese nationals (Zhao Guangzong and Ni Gaobin) linked to the APT31 Chinese state-backed hacking group and who worked as contractors for the Wuhan Xiaoruizhi Science...
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National Infrastructure Assessment – NIC
Every five years the Commission publishes a National Infrastructure Assessment which analyses the UK’s long term economic infrastructure needs, and presents a strategic vision over the next thirty years and setting out recommendations for how identified needs should be met. The Second National Infrastructure Assessment is our second such report. Published on 18 October 2023...
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Leeds regeneration to deliver affordable homes and improved infrastructure – Room 151
Leeds City Council’s executive board is to approve plans for a 10-year regeneration project that will see the authority partner with national, regional and local government. Leeds city centre and five adjoining ‘city rim’ neighbourhoods will be regenerated, delivering 20,000 new homes. LATIF North | York | 19 March The Leeds Transformational Regeneration Partnership is...
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UK Government Allocates Billions for Infrastructure
01 Mar 2024 2 Min Read CW Team The United Kingdom government has recently announced a significant investment, allocating billions to propel the nation’s infrastructure development. This financial commitment underscores the government’s dedication to fostering economic growth, enhancing public services, and fortifying the country’s foundation for future generations. This substantial funding, in the order of...
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London’s Bold Move: UK-India infrastructure bridge set to redefine global investment landscape
In a diplomatic chess game where negotiations on the UK-India Free Trade Agreement have hit some stumbling blocks, London’s Lord Mayor, Michael Mainelli, in an interview with CNBC-TV18, talks about the game-changing initiative that could tilt the balance in favor of robust economic partnerships. The UK-India Infrastructure Bridge – a dynamic project with the potential...
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