UK Infrastructure Bank to create 500 ‘highly skilled jobs’ with £60m investment into British chip company Tech The UK Infrastructure Bank (UKIB) has announced it is ploughing £60m worth of equity into Pragmatic Semiconductor.
Ethos Ventures & Sustainable Human Settlements Foundation: A New Dawn in Ethical Urban Investment Sponsored Grant Rogan, at co-founder of the Sustainable Human Settlements Foundation (SHSF), has recently forged a new collaboration with Ethos Ventures. This partnership, marked by a Letter of Intent, is set to revolutionise how sustainable urban development is financed and executed, pointing to a future where ethical investment is not just a nice-to-have but a necessity. [...]
No10: We can’t rule out AI posing ‘existential threat’ to humanity Politics No10 says it is unable to rule out artificial intelligence (AI) posing an “existential threat” to humanity.
Government would be ‘crazy’ not to reconsider HS2 costs, minister says September 24, 2023 The government would be “crazy” not to reconsider the costs of the HS2 rail project, Grant Shapps has told the BBC. Shapps said Rishi Sunak was prepared to take “difficult long-term decisions” amid reports the Prime Minister is set to axe the northern leg of HS2. The defence secretary told the BBC’s Sunday with Laura [...]
Rishi Sunak bans new smart motorways amid safety concerns April 16, 2023 The building of new smart motorways is being cancelled as prime minister Rishi Sunak acknowledged concerns about safety and cost. Fourteen planned smart motorways – including 11 that are already paused and three earmarked for construction – will be removed from government road building plans, given financial pressures and in recognition of the lack of [...]
The City in 2023: Real estate and infrastructure increasingly inflation-proof alternatives for investors December 29, 2022 Half of UK investors have either made alternative investments this year or are considering doing so in 2023 as they seek inflation-beating options. They primarily focus on investments in assets such infrastructure, real estate but also private equity and commodities. Two in five investors are more likely to consider alternative investments as a result of [...]
Endeavour raises half-year dividend to £82m as mining firm reports strong results August 3, 2022 Endeavour Mining has increased its half-year dividend by 43 per cent to $100m (£82m) as it reports strong results for the first half of 2022. The mining company hiked its minimum full-year 2022 dividend by 33 per cent to $200m (£164m), $50m (£41m) more than the initial commitment, as its operating cash flow rose by [...]
Humiliating defeat for govt as peers order new post-Brexit UK Infrastructure Bank to pay for eco-schemes July 5, 2022 The Government faced a humiliating defeat last night as peers voted to support a move the UK Infrastructure Bank supports eco-friendly schemes. The House of Lords voted by 182 to 153, majority 29, for a legislative change to specifically include the circular economy and nature-based solutions in projects financed by the institution. The UK Infrastructure [...]
UK Infrastructure Bank kicks off with £5bn war chest as first loan investments are handed out July 1, 2022 The National Audit Office (NAO) revealed this morning that the new UK Infrastructure Bank has a pipeline of future deals worth £5bn. A report by the NAO said the state-owned bank, which was set up last June to support economic growth in regional sectors across the UK, has already started handing out investment despite some [...]
UK Infrastructure Bank risks becoming a ‘plaything’ of Treasury under so-called Henry VIII powers, peers warn June 15, 2022 To prevent the UK Infrastructure Bank becoming a “plaything” of the Treasury, new safeguards are needed, according to concerned peers. Concerns have been raised at Westminster over proposals that would allow the Exchequer to change the body’s activities set down in legislation – so-called Henry VIII powers. Provisions would also allow the Treasury to amend [...]