Involvement in Government contracts
The Government have been clear - they are
aware of the importance of private investment
when developing the UK's infrastructure,
describing it as a vital resource that must
not be taken for granted. The new National
Infrastructure Bank. will play a pivotal role in
engaging the private sector and making use
of their resource.
'Infrastructure has never needed private
investment more than it does now. There
is a gap to bridge between public funding
and delivery of the infrastructure projects,'
comments Hynd. 'The UK needs to clarify
regulation and returns to overseas investors
while outlining the return opportunities for
infrastructure investments from pension and
insurance funds.'
A major barrier for middle market businesses
with government contracts is the cost and
time it takes to go through the procurement
process. Middle market businesses often don't
have procurement or marketing teams that
are needed in order to compete with the
larger corporates.
'The way forward is through collaboration and
partnership with other business to deliver
infrastructure projects and for the Government
to simplify the procurement process.
Businesses will then be able to bring their
experience and knowledge to the projects that
really need them', said Boorman.
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