Extension of the UK Guarantee Scheme to provide valuable support for new-build infrastructure
23 November 2016
Manish Gupta, Head of Infrastructure Corporate Finance at EY, comments:
“Extending the UK Guarantee Scheme to 2026 is a welcome move given the uncertainty surrounding the future role of the European Investment Bank (EIB) as Brexit negotiations unfold.
“The government and private sector will now be able to fill the gap that might be left by any reduction in the EIB’s commitment to UK infrastructure.
“The scheme will encourage investment by UK pension and insurance investors who require support for greenfield projects. To realise the full benefit of the scheme, however, government should bring forward well-structured, commercial projects.”