40 projects shortlisted for UK Guarantees – Full list

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

Prequalified

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.