UK green infrastructure gets funding pledges at Global Investment Summit -

UK green infrastructure gets funding pledges at Global Investment Summit

UK has obtained £9.7bn of new foreign investment for the UK green infrastructure at the Global Investment Summit held recently. The 18 deals package will help in growth of vital sectors like wind and hydrogen energy, sustainable houses, carbon capture and storage, fixing the UK’s climate leadership for COP26 and beyond.

This comes after the Department for International Trade launched a new Investment Atlas, an online platform for helping international investors point out and execute high priority investment opportunities in the UK. The £9.7bn revealed comes on top of the £5.8bn already dedicated for sustainable schemes since the Prime Minister launched his Ten Point Plan in November 2020. The Summit came two weeks ahead of COP26 and will connect world business leaders to identify the role of the private sector in achieving global net zero and green growth, as well as highlighting the vital inward investment opportunities in the UK for future sustainable industries.

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UK green infrastructure Investment Opportunities

The Atlas will identify 53 strategic investment opportunities in the Kingdom, each with a strong sustainability component aligned with the UK green infrastructure key topics set out from the Prime Minister’s 10-point plan. New schemes being showcased included offshore wind substructures in Scotland, Teesside’s manufacturing ports and Humber, sustainable food systems delivery in Telford and Coventry’s net zero transport.

As part of the new investment on UK green infrastructure, electric utility company Iberdrola have revealed their interest through the Scottish Power to invest £6 billion in the East Anglia Hub, subject to securing a Contract for Difference and planning consent. This will be Iberdrola’s largest offshore wind project anywhere in the world and with power to supply enough green energy to 2.7 million British residences and creating 7,000 jobs. Global logistics firm Prologis will also be investing £1.5bn over the next three years to construct net zero carbon warehouses in London, the South-East and Midlands, helping create around 14,000 jobs.

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