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Foreign investors to pump £10bn into UK green infrastructure

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He hailed 18 planned investment deals in wind and hydrogen energy, sustainable homes and carbon capture that will support green growth and create up to 30,000 jobs.

Among the headline commitments, Spanish electric utility giant Iberdrola confirmed it will invest £6bn in the East Anglia Hub through Scottish Power, subject to securing planning consent.

This will be Iberdrola’s biggest offshore wind development anywhere in the world and would supply enough green energy to power 2.7 million British homes, while creating 7,000 jobs.

While global logistics firm Prologis intends to invest £1.5bn over the next three years to develop net zero carbon warehouses across London, the south east and Midlands.

Malaysian conglomerate Petra Group will invest £30m in establishing its  Petra Modular business for production of sustainable modular homes, creating 225 jobs. It will also invest £30m in establishing Petra Group’s ‘Green Rubber’ business in the UK, which will see the development of a production facility creating 110 jobs.

Other deals announced at Global Investment Summit


  • US-owned waste specialist Viridor plans to invest up to £1bn in latest decarbonisation technology at its five UK sites to become the first net zero waste company by 2030.
  • Turkish-owned Eren Paper is investing £500m to acquire a mill in Shotton, North Wales, and convert it to produce cardboard manufactured from paper waste. The mill will be powered by biomass fuel.
  • Budweiser Brewing Group and green hydrogen energy services Protium have teamed up to invest more than £100m in a new hydrogen generation system to fuel the brewery’s production and also its key logistics assets, including heavy goods vehicles and forklift trucks.
  • Jacobs will create over 150 jobs as it grows its high-tech Birchwood laboratory in Warrington, where Jacobs carries out research and development to support critical UK national infrastructure.
  • Huaneng will invest in the 50MW Battery Storage project in StoneHill. This greenfield project is a major new milestone for energy storage in the UK and will employ local partners in construction and operations
  • HiPoint AG will invest £50m to create five new facilities for the recovery and processing of horse stall waste into reusable bedding, fertilizer & bio-fuels, creating 90 jobs across the UK.
  • Ultimate Battery Company will invest £28m setting up a UK production plant for lightweight, eco-friendly batteries, creating 300 jobs.
  • Global Marine will invest £10m in building hybrid engine crew transfer vessels and surface effect ships to service offshore wind infrastructure, creating 10 jobs in the East of England.
  • HyPoint will invest £6.6m establishing a HQ in the South East for the development of their next generation hydrogen fuel cell system, creating 10 jobs.
  • Treedom will establish a UK office in London for their online platform for planting trees, creating 10 jobs.
  • Tes Amm is creating 15 new jobs in Scotland, doubling its electronic waste recycling solutions for lithium-ion batteries from electric vehicles, consumer electronics and IT & mobile technologies.
  • Sumitomo Corporation are launching Presidio Ventures Europe, a venture arm of Sumitomo, focused on energy and mobility.
  • Peer-to-peer lending firm Zopa has raised £220m, led by Softbank Vision Fund 2, to grow their responsible and sustainable banking and lending services in the UK.
  • Getir plan to invest £100m to rapidly expand its sustainable and superfast grocery delivery service across the UK, creating 7,000 permanent jobs in 2022. The business utilises a 100% electric fleet of delivery vehicles.

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Trump says Boris making ‘big mistake’ with wind, adding environmentalists ‘hate the world’

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Former US President Donald Trump has weighed back into British politics this evening, savaging the British government’s approach to wind power.

In his first TV interview to foreign media for over a year, Donald Trump was speaking to former UKIP leader Nigel Farage for his show on GB News.

Commenting on wind energy, Trump said, “I think wind is ridiculous.  I think wind is a horrible thing for Scotland, and I got to see it, because I own magnificent properties in Scotland and in Ireland. And I look at these magnificent fields with horrible windmills all over them, and windmills is a nice term”

Claiming that wind power is the most expensive form of energy, and one which can’t work without subsidy, Trump suggested that after a couple of years, wind turbines, “start to rust, and wear out, and look terrible, look even worse”.  He also suggested they “kill all the birds”.

Turning his guns on British Prime Minister, Boris Johnson, Trump told GB News that, “If Boris is going heavy into wind, he is wrong, he is making a big mistake”.

“In the UK it is all over the place.  You fly over the place, and I say what a shame what they have done. And you know the environmentalists are liking this stuff. I think they hate the world”.

Referring to his relationship with Boris Johnson, Trump said, “I like him.  I have always got along with him. He has got a little bit more on the liberal side, but I tell you, with energy, I am surprised that he would allow that to happen, because you have one of the most beautiful countries in the world.  And you are destroying it with all these wind turbines all over the place”.

Doubling down on his criticism, the former US President repeated his dislike of the Aberdeen Bay Wind Farm, describing it as “disgusting to look at”.  Trump previously purchased the Menie estate near Aberdeen.

During the interview, the former US President appeared to receive some support from Nigel Farage for his views on wind turbines, with the former UKIP leader commenting, “Well I have to say that I am not a great fan of them”.

The UK wind industry is said to comprise over 11,000 turbines, the sixth largest number in the world.  In 2020, wind power contributed a quarter of the UK’s energy generation.    Wind is now the largest source of renewable energy in the UK with the government planning a further expansion of offshore capacity in the next decade.

Previous polling has suggested that British voters don’t share Donald Trump’s views on wind. In May 2020, a Public Attitudes Tracker published by the Department for Business, Energy and Industrial Strategy showed that offshore wind had the backing of 81% of people, with onshore wind close behind at 77%.

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Re:Construction Podcast – Episode 89

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Retentions – with Lord Aberdare

Read Full Article: The Construction Index

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Government launches ‘ambitious’ social care plans

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Social care minister Gillian Keegan has claimed the government’s new white paper on adult social care provides an “ambitious 10-year vision”.

Ms Keegan told MPs that many of the sector’s issues are so problematic “that successive governments over decades have decided to duck them rather than deal with them but this Government is determined to get it right.”

Launching the paper, she explained that it was “underpinned by three core principles” – to ensure “everybody has choice, control and support to live independent lives”.

Last week the government was criticised by a number of its own MPs over plans to change the calculation of the social care cap. 

The new proposals will see those eligible for state support left unable to count the money towards the cap. Critics say the changes would significantly disadvantage the poorest in society.

She emphasises that the £300 million investment would  “support local authorities to increase the range of new supported housing options”.

Ex-health secretary Jeremy Hunt reiterated his stance that the plans were “three steps forward, two steps back”.

He told the Commons this afternoon: “The step forward which we should acknowledge is the introduction of a cap. Whatever the arguments about what counts towards the cap, having a cap will make a big difference to many people and that is welcome.”

He said the local authorities that organise the care are  “barely” allocated enough to deal with “demographic change and the national living wage increases”.

He also highlighted that it was “hard to see an end to the workforce crisis which leaves 40 per cent turnover in many companies”.

He said the minister must rollout better measures to “deal with those huge problems”, as hospital wards “continue to be full of people who should be discharged and older people not getting the care they need because the carers do not exist.”

Liz Kendall, Labour’s shadow minister for social care also criticised the plans, claiming that they had  “two central flaws”  as they “utterly failed to deal with the immediate pressures” of waiting lists and staff shortages.

She also complained that the proposal did not outline “more fundamental reforms we need to deliver a care system fit for the future”.

“Where was the long-term strategy to transform the pay, training, terms and conditions of care workers to deliver at least half a million additional care workers by 2030 just to meet growing demand?” she went on.

Commenting on the publication of the Government’s adult social care reform White Paper, People at the Heart of Care, Sally Warren, Director of Policy at The King’s Fund said: “The overall vision in the White Paper is the right one and if delivered could significantly improve the experience of people receiving care and those who work in the sector. However, the steps outlined don’t go fast or far enough to achieve this vision and the funding allocated to deliver it is insufficient. In particular, although there are some welcome commitments on training and skills for staff, there is little to tackle poor workforce pay and conditions and high vacancy levels in the sector.

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