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-Focus on inward
investment for UK Infrastructure from South East Asian institutions and the
development of UK export-
London 30 July 15 : Bernard Fairman, Co-founder and Chairman of Foresight Group ("Foresight”) and Head of Institutional Capital, Mark Burrows, are in Kuala Lumpur for the four day ‘Northern Powerhouse’ trade mission visit to south-east Asia led by Business Secretary Sajid Javid.
The visit, which started yesterday in Singapore where it was joined by the Prime Minister’s trade delegation, has now moved on to Kuala Lumpur where Mr Fairman and Mr Burrows will be meeting with potential South East Asian institutional investors who are part of the investment delegation and are looking to invest in infrastructure in the UK.
Bernard Fairman, Chairman, Foresight, commented:
"Our strategy of setting up regional offices in the UK is filling a gap in the market which perfectly complements the Prime Minister’s ambitions to create an economic hub in the North of England.”
David Cameron, Prime Minister, commented:
"The government is committed to ensuring the UK’s northern regions play their part in rebalancing our economy. With so much untapped potential, I’m delighted to be part of this first Northern Powerhouse trade mission – the first of what I hope will be many.”
Business Secretary, Sajid Javid added "Our long-term economic plan seeks to rebalance growth across the regions and nations of the UK, and building a Northern Powerhouse will be a key part of this. This mission – the first of its kind – will demonstrate the strength of the northern regions, which are home to some of the most innovative companies and institutions in the world.”
Mark Burrows, Head of Institutional Capital, Foresight, commented:
"We are delighted to see the strong demand that is coming from Institutional Investors in South East Asia with a mind to invest in UK Infrastructure”
For further information please contact:
Annabel Arrowsmith, Foresight Group: 02036678179
Notes to Editors
About Foresight Group
Foresight Group is a leading infrastructure and private equity investment manager, which has been managing investment funds on behalf of institutions and retail clients for more than 30 years. Foresight has £1.5 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight’s recent activities in the North include:
-£110 million 20.2MWe Combined Heat and Power (CHP) waste wood renewable energy facility, Widnes
-£180 million Waste-to-Energy Gasification Plant in the North East – Target close Q3 2015
-£40 million Foresight Nottingham Fund funded by Local Government Pension Schemes and the British Business Bank supporting SMEs in the Nottinghamshire region
Further information is available at www.foresightgroup.eu