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Contractors World  - UK & Ireland
2012 Vol 2 No 7
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Construction News - Economics - Business - Regulations

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High value opportunities for UK firms celebrated

The Government has announced that the Green Deal will be an early candidate for the UK Infrastructure Guarantees scheme.

The UK Trade & Investment Infrastructure Summit held at Lancaster House brought together business leaders from across the world to debate emerging trends, examine best practice and identify opportunities across infrastructure sectors – Construction, Water, Airports and Rail.

The sessions focused on large scale urban regeneration projects, looking at sustainability in design, operation and equipment provision, and high-value opportunities in high-growth markets. Chairman of the Olympic Delivery Authority, Sir John Armitt, spoke on the subject of urban regeneration of the Olympic Park area during a discussion session on construction. Other speakers included Dr Uwe Krueger, CEO of Atkins, and Paul Skinner, Chairman of Infrastructure UK.

Deputy Prime Minister Nick Clegg said: “Today’s announcements are a welcome boost to British business. This is an exciting time for the UK infrastructure sector -companies are winning contracts across the world as British skills and expertise are becoming a trademark of the industry’s excellence and quality.

“Our construction sector is one of the world’s biggest and best which means UK-based companies are ideally placed to build on these excellent opportunities.”

Chief Secretary to the Treasury, Danny Alexander   At the summit, Chief Secretary to the Treasury, Danny Alexander (left), set out progress on UK Guarantees, announced on 18 July, which will provide guarantees for major UK infrastructure projects and could potentially support up to £40 billion of investment. He announced that the Green Deal will be an early candidate for this programme.

Danny Alexander said “Our early action to get a grip of the public finances is allowing us to support up to £40 billion worth of UK

 

infrastructure investment by putting our hard-won fiscal credibility behind major projects. To ensure public-private partnership projects can proceed without delay, we are also launching a temporary lending programme that could benefit up to £6 billion worth of projects. Already we have had over 30 expressions of interest in the UK Guarantees scheme and we continue to receive more on a daily basis.

“I am pleased to announce that the Green Deal will be an early candidate for the use of these guarantees. The Green Deal is the largest ever programme for investing in the energy efficiency of our housing stock and we are looking at whether and how a guarantee could help ensure that the finances are in place to get the programme off to a very strong start. The deals my colleagues are announcing show that the UK is already in a strong position and the work we are doing on infrastructure will strengthen this further still.”

UK Environment Secretary Caroline Spelman Technology alliance with Thames Water

Bluewater Bio Inter-national, a provider of innovative water and wastewater technologies to projects such as Bahrain’s biggest sewage treatment plant, announced that it has entered into a technology alliance with Thames Water, the UK’s largest water and sewerage company.

The Secretary of State for the Environment addressed the conference on the topic of water infrastructure.

UK Environment Secretary Caroline Spelman (above) said, “Access to clean water is a critical issue for every nation on this planet. Within the next 20 years, 3 billion people will be living in water-stressed countries and if we fail to address the issue of water supply, the consequences for those living in poverty are grave.

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