Two university campuses are among 40 new projects that have passed the first hurdle in getting a government infrastructure guarantee.
University of Roehampton campus redevelopment in south London and the £330m Northampton University campus relocation are among the £33m of projects being considered. If successful the schemes will be underwritten by the government as part of a £40bn pledge pot, giving private lenders confidence that they will get their cash back if the projects cannot pay.
More than half of those that have prequalified are energy projects alongside a major mixed-use housing scheme for Aberdeen. They join Drax, the London Underground Northern line extension, Mersey Gateway and Hinkley Point, which are all further along in the process for a UK Guarantee.
Latest named projects
Prequalified
- Countesswells mixed-use development in Aberdeen for 3,000 new homes
- Gas-fired power stations in Spalding in Lincolnshire and Gateway Energy Centre in Essex for Intergen
- Tilbury Green Power 60 MW wood fired power generation plant in Essex
- 300m Avonmouth biomass plant for Helios Energy
- Neart Na Gaoithe 450MW Windfarm in the outer Forth Estuary, Scotland
- Able Marine Energy Park on Humberside to support offshore wind farms
- Chinook Energy plants, producing renewable energy from waste at sites around the UK
- Gasrec producing low carbon Bio-LNG fuel for UK commercial vehicle fleets
- Five Quarter Energy plant to process unconventional gas extracted from below the North Sea
- Islandmagee gas storage project in Northern Ireland worth £400m.
Already prequalified
- £1bn London Underground Northern Line Extension
- Mersey Gateway bridge
- £14bn Hinkley C nuclear power in Somerset
Agreed
- Drax for the partial conversion of their coal-fired power station to biomass
