An excellent turnout of attendees joined a high-profile panel of speakers at St. Paul’s in central London, sharing an insightful discussion regarding how to increase the flow of infrastructure investment.
The infrastructure project pipeline is going to change dramatically over the short-to-medium term due to several key trends:
- Technological change (particularly 5G, electromobility, mobility-as-a-service (MaaS))
- Brexit (particularly the impact on trade and logistics and probable industrial/economic change)
- Climate change adaption and prevention (particularly further investment in renewables, waste management and green transport)
- Reduced tolerance for disruption, and therefore increased demand for resilience, of Britain’s infrastructure to sustain economic activity and well-being
With outputs, benefits and beneficiaries that may be materially different to traditional infrastructure investment, this is likely to result in projects that are complex, have significant technological risks and are likely to be large in scale. Although public borrowing costs remain at historically low levels, the level of financing required for these projects is likely to exceed fiscal constraints, creating a need to engage private investment and tap into a growing supply of institutional capital (such as pension funds) seeking long-term, stable returns from infrastructure assets.
Hugh Jones, Chief Executive Officer at Steer, chaired the panel and was joined by The Baroness Randerson, Liberal Democrat Lords Spokesperson (Transport); André Gibbs, Partner of property developer Argent; Paul Davies, Advisor of The Infrastructure Forum and Jolanta Touzard, Fund Manager at Aviva Investors. These four eminent speakers provided stimulating and varying perspectives on financing and delivering infrastructure to support their investment.
You can read a written summary of the event here – Infrastructure investment for a new economy (PDF).
Linked below is a full video from the event along with some images.