2. 2
The Infrastructure and Projects Authority
Government’s centre of expertise
for infrastructure development,
financing, assurance and
support. Part of and reports
jointly to HM Treasury and
Cabinet Office.
The purpose of the IPA is the
timely and cost-effective delivery
of infrastructure and major
government projects and
programmes.
Digital Infrastructure Investment
3. 3
Background
• HMG recognises fibre is the future – both 5G and FTTP
• Supports infrastructure competition
• Wants to help independent network developers compete
• Sees access to finance as one potential barrier
Digital Infrastructure Investment Fund (DIIF)
Digital Infrastructure Investment
4. 4 Digital Infrastructure Investment
The Investment Challenge
High Low
Small
Large
BT
Virgin Thames
PF2s
Tesco
Size
Demand Risk
Combination of small scale and difficult credit profile
leads to low “Return on Effort”
5. 5
Ambitions for the Fund
• Represent an additional option rather than displace other
financiers
• Provide a range of investment types, from senior debt
through to equity
• Raise profile of Digital Infrastructure as an asset class
• Directly increase the size and strength of the sector
• Provide centre/s of expertise to help altnets become
financeable
Catalyse Private Sector Investment into Digital Infrastructure
Digital Infrastructure Investment
6. 6
Outlook is positive
• Infra funds are taking notice
• Increasing acceptance in the market that fibre is the future
and has a value
• Government wants to see you succeed!
Digital Infrastructure Investment
Notas del editor
In January 2016, the government established the new Infrastructure and Projects Authority (IPA).
The IPA brings together Infrastructure UK and the Major Projects Authority into a single organisation that will report to and carry the combined weight of HM Treasury and Cabinet Office ministers. [Tony Meggs is the CEO]
It has a renewed mandate to ensure timely and cost effective delivery of the government’s infrastructure priorities alongside other major government projects and programmes
IPA: Government’s centre of expertise for project development, project financing, project assurance and project support.
The purpose of the IPA is the timely and cost-effective delivery of infrastructure and major government projects and programmes.
Infrastructure and major government projects and programmes.
It is the central element of a distributed function across government
We enable delivery; but we do not deliver projects directly