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Role of the NIPSEF in unlocking investment. Dr Nelson Ogunshakin OBE NIPSEF – ACE Chief Executive Officer. Introduction – Five Key Themes. Introduction to NIPSEF Financing vs Funding – which is it? Role played by NIPSEF so far NIPSEF Role to secure – Cross-party support
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Role of the NIPSEF in unlocking investment Dr Nelson Ogunshakin OBE NIPSEF – ACE Chief Executive Officer
Introduction – Five Key Themes • Introduction to NIPSEF • Financing vs Funding – which is it? • Role played by NIPSEF so far • NIPSEF Role to secure – Cross-party support • NIPSEF Role to secure – Further devolution
Introduction to NIPSEF Objective: • Delivery of the National Infrastructure Plan • Through dialogue with Government & Industry NIPSEF forum • Comprises of Approximately 60 key decision makers/CEOs • Co-Chair – Government: Danny Alexander MP • Co- Chair – Industry; Dr Nelson Ogunshakin OBE Representatives from: • Infrastructure asset owners, asset managers and regulators • Infrastructure investment and advisory community • Infrastructure delivery supply chain • Business end users of infrastructure
Financing vs Funding – which is it? • Financing is not the big issue, money is available • Uncertainty over future funding is key challenge • Investors need a secure and sufficient Return on Investment • Must improve at managing the risk
Role played by NIPSEF so far • Annually revised NIPs – because the situation changes • Refocus into business prospectus • NIP Finance Update, HMT/UKTI Infrastructure Pitchbook • Longer-term, six year funding streams for HA, TfL, etc.
The need for cross party support • Smoother parliamentary passage • Faster Returns on Investment …will provide confidence and certainty
The need for further devolution • Better integration of different infrastructures • More local knowledge around needs of population, economy, etc. • Leading by example • Improved governance
Role of the NIPSEF in unlocking investment Dr Nelson Ogunshakin OBE NIPSEF – ACE Chief Executive Officer