Monday 21 July 2014

Cash pouring into 310 UK energy projects, says minister

Foreign businesses pumped cash into 310 energy and infrastructure projects in the UK over the year 2013/14.

Chief Secretary to the Treasury Danny Alexander touted the figures yesterday as evidence the UK is an attractive place to do business.

The Lib Dem minister was speaking ahead of launching a Guide to Investing in the UK next week at the Commonwealth Games Business Conference in Glasgow.

The guide picks out opportunities to invest for firms such as the offshore wind farms Naert na Gaoithe, Moray Firth and Inch Cape, the 22MW Carnbroe Energy From Waste Plant and the firm Estover Energy which is developing new small‐scale Combined Heat & Power plants.

Danny Alexander said: “Top quality infrastructure, like road, rail, energy and digital fuels growth and improves our daily lives. That’s why foreign investment into our infrastructure is a win win situation."