Our September 2025 roundtable brought together a full house of senior investors, regulators, utilities, and policymakers to explore how the macroeconomic environment since the 2022 structural break is reshaping infrastructure investment - and what to do about it. We set out to answer one central question: Can ambitious infrastructure investment still be delivered in today’s macro environment? Macroeconomics underwent a structural shift in 2022, increasing cost of capital just when investment...

Infrastructure remains attractive post-2022, but UK capital supply lags demand. With bond risks rising and regulation uncertain, bridging the gap will require clearer frameworks, stronger coordination, and long-term confidence.

High interest rates and investor backlash risk missing capital goals if government can't lock in stability and new financing mechanisms

Executive summary: Britain’s water‑supply “megaprojects” are arriving: 30 schemes with ~£50bn of lifetime spend, most to be let via...

CAPM: a 1960s relic still steering today’s £200 bn UK infrastructure. Regulators continue to fix allowed returns with the Capital Asset...

Ofgem’s RIIO-3 Draft Determinations, released on 1 July 2025, set out headline cost-of-equity allowances. But the CAPM methodology to...