Humiliating defeat for govt as peers order new post-Brexit UK Infrastructure Bank to pay for eco-schemes July 5, 2022 The Government faced a humiliating defeat last night as peers voted to support a move the UK Infrastructure Bank supports eco-friendly schemes. The House of Lords voted by 182 to 153, majority 29, for a legislative change to specifically include the circular economy and nature-based solutions in projects financed by the institution. The UK Infrastructure [...]
UK Infrastructure Bank kicks off with £5bn war chest as first loan investments are handed out July 1, 2022 The National Audit Office (NAO) revealed this morning that the new UK Infrastructure Bank has a pipeline of future deals worth £5bn. A report by the NAO said the state-owned bank, which was set up last June to support economic growth in regional sectors across the UK, has already started handing out investment despite some [...]
UK Infrastructure Bank risks becoming a ‘plaything’ of Treasury under so-called Henry VIII powers, peers warn June 15, 2022 To prevent the UK Infrastructure Bank becoming a “plaything” of the Treasury, new safeguards are needed, according to concerned peers. Concerns have been raised at Westminster over proposals that would allow the Exchequer to change the body’s activities set down in legislation – so-called Henry VIII powers. Provisions would also allow the Treasury to amend [...]
Nexus Infrastructure reveals boost in revenues as it scales up network business June 8, 2022 Nexus Infrastructure has boosted its revenues and order book, with the company looking to scale up its energy transition services.
Alinda Capital to raise £350m for floating subscription October 19, 2021 Close-ended investment company Alinda Capital Infrastructure Investments has announced its intention to float on the London Stock Exchange and is raising £350m to offer ordinary shares at an issue price of 100p. The firm is also expected to issue a further 650 million ordinary shares in the 12 months following the placing programme, which will [...]
IPO: Pantheon Infrastructure looks to raise £300m for shopping spree October 11, 2021 Investment trust Pantheon Infrastructure (PINT) is seeking to float on the London Stock Exchange at an issue price of 100p per share. Looking to raise £300m from institutional and retail investors, the trust will use the cash injection to invest in different industries, from digital infrastructure such as data centres and fibre-optic networks to utility [...]