£5 billion of energy investment projects announced as the Board of Trade meets in Wales

15 Nov 2018 04:34 PM

The President of the Board of Trade, Liam Fox, announces the launch of the UK’s first Energy Investment Portfolio, worth an estimated £5 billion.

Around £5 billion of energy and infrastructure projects across the UK will be promoted to global investors as part of a new portfolio of opportunities, the International Trade Secretary yesterday (15 November) announced at the Board of Trade in Swansea.

The eleven new projects in the Energy Investment Portfolio will not only create jobs in the energy sector, but will reduce energy costs for hard-working British families and have widespread benefits for the environment.

The opportunities are across the UK, including:

The Energy Investment Portfolio is the latest offer for international investors, following the launch of seven new investment projects in October, worth £2 billion.

International Trade Secretary and President of the Board of Trade, The Rt Hon Dr Liam Fox MP yesterday said:

The Energy Investment Portfolio will deliver growth in new innovative sectors, encouraging creativity, creating jobs and driving prosperity across the UK.

My international economic department has established relationships with the world’s most influential investors to ensure that the UK continues to be the top destination in Europe for Foreign Direct Investment – and today’s announcement is further proof that there is huge demand for UK projects from investors.

Minister for Investment, Graham Stuart MP yesterday said:

With £5 billion of new projects, the Energy Investment Portfolio is great news for communities up and down the country – as well as creating jobs and prosperity, these projects will reduce bills and deliver huge benefits for the environment.

The government’s commitment to clean growth and innovation provides huge investment opportunities in the UK’s energy sector, which already employs 181,000 people and generates the most offshore wind power in the world. The department has a global network of HMTCs and experts across more than 100 countries who are promoting the UK and attracting the backing needed to make these projects a reality.

The Department for International Trade (DIT) will promote these opportunities to investors in 108 countries through its global network of HMTCs and in-country experts.

The UK is Europe’s top destination for foreign direct investment, and recent data released by UNCTAD showed the UK had the second highest level of investment globally in the first six months of this year. Read Liam Fox’s response to this announcement.

It also has one of the world’s top five most innovative economies according to the Global Innovation Index, as well as four of the world’s top ten universities.

The UK’s energy sector is also well-complemented by a burgeoning advanced manufacturing sector which has over 100,000 companies, and more venture capital investment than other country in Europe.

UK Energy Capital Investment projects:




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