The Confederation of British Industry on Monday said the government should kickstart investment in infrastructure.
The business lobby said public fund should be used to spark a rise in the credit ratings of infrastructure projects, which would ultimately bring private financing.
Pension funds and other wealth funds, which invest only in top credit rated projects will start to invest in infrastructure projects once they receive rating upgrade.
About GBP 50 billion of public money that the Treasury has pledged for infrastructure investment can unlock GBP 250 billion required to fund 500 projects.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News