One of the world’s biggest infrastructure investors says the UK is no longer an attractive place to invest due to political upheaval and uncertainty over the direction of government policy.
Australia-based IFM Investors, which is one of the biggest shareholders in Manchester airport and owner of the M6 toll road, said that while it owns a wide range of assets in the UK, it has cooled on making further significant investments in new infrastructure due to the high levels of uncertainty caused by government dysfunction and inefficient planning processes.
“We would love to invest in the UK, and we have significant assets here,” chief strategy officer Luba Nikulina told the Financial Times. “But to make new investments we need to find financially attractive opportunities, but at the moment, there aren’t many.”