Treasury body Infrastructure UK (IUK) chief executive yesterday proclaimed the UK to be open for business and said he wanted to attract infrastructure investment from abroad, as well as from UK sources such as pension funds.
Speaking at the Global Infrastructure Leadership Forum in London yesterday, Spence said that IUK had made “better progress” than it had expected in getting a good measure of agreement from interested parties that there is a need for the pension infrastructure platform that was announced by the government ahead of the Autumn Statement. However, he refused to be drawn on the timetable by when it would be up and running.
He also said that although IUK was keen to help facilitate the new platform to make it easier for UK pension funds to invest in infrastructure at home, such investments would not be reserved for them alone.
Spence added that the UK was also open to other investors such as China’s and other countries’ sovereign funds.