Recommendation 8

We highlighted to NISTA that the infrastructure pipeline has been too short-term and lacked consistency, which has caused issues with future planning and made longer-term decision-making for investors difficult.12 Written evidence we received also referenced the lack of a central pipeline of infrastructure projects and investment opportunities in the UK, which has resulted in investors relying on “multiple and disparate sources” of information to identify upcoming projects (largely through private sector advisors).13 NISTA indicated that the real challenge with the pipeline is not so much working up the finance but developing “investable models”. NISTA also told us that their aim, therefore, is to develop an investable set of projects that will attract not just domestic capital, but international capital. This would help to drive down prices and achieve a better out-turn, in terms of the number of projects delivered and their value for money.14