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.
Already prequalified
· £1bn London Underground Northern Line Extension
· Mersey Gateway bridge
· £14bn Hinkley C nuclear power in Somerset
Agreed
· Drax for the partial conversion of their coal-fired power station to biomass
