Jonathan Ashworth – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jonathan Ashworth on 2015-11-17.

To ask Mr Chancellor of the Exchequer, how many and what value of projects received investment through the Infrastructure Investment Forum (a) in 2015 and (b) since the Forum’s launch.

Greg Hands

The Insurers’ Infrastructure Investment Forum was set up the to give members of the Association of British Insurers (ABI) a direct communication link to Government, exploring ways to maximise opportunities for insurance fund managers to invest in UK infrastructure debt instruments via the capital markets.

In 2013 a group of 6 insurers agreed to aim to invest £25bn in UK infrastructure over the next 5 years. They have already invested over £5bn and are on track to meet their target.

In 2015 InfraRed Capital Partners and Prudential have each taken 45% stakes in the £1bn Swansea Bay Tidal Lagoon project.