Bright Future for Infrastructure Fund Services in Guernsey

Having recently returned from a couple of days at the SuperReturn Infrastructure conference in London, I thought I would take a few moments to reflect on certain topical aspects of infrastructure investment – at least as far as it impacts on fund centres such as Guernsey. A copy of the article I wrote recently appeared on the website We Are Guernsey and can be downloaded by clicking here. The full text is also set out below: With the recent news that Macquarie has successfully closed its latest Euro 4 billion European infrastructure fund with the assistance of two Guernsey firms, Paul Bannier, Director at Icorserv, reflects on certain topical aspects of infrastructure investment – at least as far as it impacts on fund centres such as Guernsey. Growth in demand When measured on a global basis, a huge demand exists for infrastructure investment. Statistics published by the United Nations project that the world population will increase by approximately 83 million people per year during the next two decades with much of the growth taking place in Africa and Asia. Aside from the obvious need for food, water, basic healthcare and housing, population growth triggers demand for energy, transport links and modern telecommunications networks  to name but a few. At the other end of the spectrum in developed nations, life expectancy continues to increase with for example, additional demands placed on the healthcare and welfare systems. Governments in developed countries have generally under – invested in infrastructure projects and even where investment may be regarded as “adequate”, many governments are seeking to shift funding from public finances to privately financed...