This timely event will explore the new thinking about how private finance can be harnessed to deliver the infrastructure requirements set out in the recently published National Infrastructure Plan, including the various initiatives that are being launched with a view to bringing institutional investors into the market. The speaker faculty brings together all the main players involved in these initiatives.
We are delighted that Geoffrey Spence, the new Head of Private Finance at the Treasury, will give the opening keynote address.
Among the initiatives that will be discussed are the new infrastructure investment platform for pension funds; the MoU on greenfield investment signed by a separate group of pension funds; and the Insurers’ Infrastructure Investment Fund, which has been set up to improve access to debt capital markets for infrastructure projects. There are also major sessions on the Green Investment Bank, ways in which project delivery can be improved, and new private finance models.
The summit is being held on the third day of City Week (www.cityweekuk.com), which is organised with the support of the UK Government and a wide range of City institutions. The benefit of holding the conference as part of City Week is that the latter attracts a lot of overseas investors, including sovereign wealth funds, pension funds and insurance companies, who will attend the infrastructure summit alongside the UK infrastructure industry.
The topics covered will include:
- The Government’s plans for the use of private finance in implementing the National Infrastructure Plan
- Creating a platform to facilitate increased pension fund investment in infrastructure
- Attracting early stage institutional investment in greenfield infrastructure
- Debt capital markets – the Association of British Insurers’ initiative for improving access for infrastructure projects
- The potential for government guarantees for specific risks
- The PFI Review
- Improving the approval process for major infrastructure projects
- The Green Investment Bank – the potential for attracting institutional investors
- Using the concession model for new infrastructure – lessons from the UK and overseas
- Tax increment financing as a tool for attracting private investment in local infrastructure
- Reforming market structures to attract private sector investment
Keynote address
Geoffrey Spence, Chief Executive, Infrastructure UK
Conference Chairman
Edward R. Yescombe, Consultant, YCL Consulting
Speaker panel
Marc Bajer, CEO, Hadrian’s Wall Capital
Emily Bourne, EMR Programme Manager, Department for Energy and Climate Control
Bruce Duguid, Green Economy Team, Department for Business, Innovation and Skills
Georg Grodzki, Head of Credit Research, Legal & General Investment Management
Dr Dieter Helm, Professor of Energy Policy, University of Oxford
Robert Hull, Managing Director – Commercial, Ofgem
James Knight, Augusta and Co
Dr Pauleen Lane, Deputy Chair, Infrastructure Planning Commission
Kevin Maddick, Head of Infrastructure Finance, Royal Bank of Scotland
Alan Mackay, Chief Executive, Hermes GPE
Andrew Perkins, Partner, Environmental Finance, Ernst & Young LLP
Julia Prescot, Partner, Meridiam Infrastructure
Nick Prior, Partner, Deloitte
Joanne Segars, Chief Executive, National Association of Pensions Funds
Penny Shepherd, Member, Advisory Group to the Green Investment Bank, and Chief Executive, UKSIF
08:30 Coffee & registration
09:05 Chairman’s opening remarks
Edward R. Yescombe, Consultant, YCL Consulting
THE UK GOVERNMENT’S NEW APPROACH
09:10 Keynote address - Making UK infrastructure investment attractive for international and UK investors
- A coordinated approach - the National Infrastructure Plan
- Prioritisation of projects
- Reforming the planning procedure
- Reducing construction costs
- Government guarantees for specific risks
- Review of PFI
- Role of private sector investment
Geoffrey Spence, Chief Executive, Infrastructure UK
IMPROVING PROJECT DELIVERY
09:40 Delivering infrastructure
Dr Dieter Helm, Professor of Energy Policy, University of Oxford
10:05 The application process for major infrastructure projects
Dr Pauleen Lane, Deputy Chair, Infrastructure Planning Commission
10:30 Morning coffee
UNLOCKING THE POTENTIAL OF INSTITUTIONAL INVESTMENT
10:50 Creating a platform to facilitate increased pension fund investment in infrastructure
Joanne Segars, Chief Executive, National Association of Pensions Funds
Alan Mackay, Chief Executive, Hermes GPE
11:30 Attracting early stage institutional investment in greenfield infrastructure
Julia Prescot, Partner, Meridiam Infrastructure
12:00 Lunch
13:10 Debt capital markets - improving access for infrastructure projects
Georg Grodzki, Head of Credit Research, Legal & General Investment Management
Marc Bajer, CEO, Hadrian’s Wall Capital
Kevin Maddick, Head of Infrastructure Finance, Royal Bank of Scotland
14:00 How Green Investment Bank can “crowd in” institutional investment into green infrastructure
Moderator: Penny Shepherd, Member, Advisory Group to the Green Investment Bank, and Chief Executive, UKSIF
Panellists:
Bruce Duguid, Green Economy Team, Department for Business, Innovation and Skills
James Knight, Augusta and Co
Andrew Perkins, Partner, Environmental Finance, Ernst & Young LLP
NEW MODELS OF PRIVATE FINANCE AND DELIVERY
14:50 Using the concession model for new infrastructure – lessons from the UK and overseas
Nick Prior, Partner, Deloitte
15:20 Afternoon tea
15:35 A new regulatory model for attracting private sector investment into Offshore Transmission
Robert Hull, Managing Director – Commercial, Ofgem
15:55 Reforming market structure to attract private sector investment – the impact of electricity reform
Emily Bourne, EMR Programme Manager, Department for Energy and Climate Control
16:15 Chairman’s summary and close