Energy, road and rail projects worth £33bn have passed the first hurdle in getting a government infrastructure guarantee.
Chief Secretary to the Treasury, Danny Alexander today revealed 40 projects have passed the prequalification stage and named a dozen of the new projects in the pipeline.
More than half are energy projects with two university campus redevelopments making the first cut 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.
If successful the schemes will see the Government underwrite each project as part of a £40bn pledge pot, giving private lenders confidence that they will get their cash back if the projects cannot pay.
Latest named projects
- University of Roehampton campus redevelopment in South London
- £330m Northampton University campus relocation
- 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.
- £1bn London Underground Northern Line Extension
- Mersey Gateway bridge
- £14bn Hinkley C nuclear power in Somerset
- Drax for the partial conversion of their coal-fired power station to biomass