Home Commercial News National Grid plans £7bn capital raise for big infrastructure upgrade

National Grid plans £7bn capital raise for big infrastructure upgrade

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National Grid is set to invest approximately £60 billion in its networks, with more than £30 billion dedicated to expanding and upgrading UK infrastructure. This significant investment is expected to create an additional 60,000 jobs in the UK by the end of the decade.Reports Construction Journal.

John Pettigrew, National Grid’s chief executive, stated: “Today marks a defining moment for National Grid as we announce a substantial increase in investment, solidifying our role as a leader in the energy transition on both sides of the Atlantic.”

“This is an unprecedented time for our industry that is creating significant opportunities for National Grid today, over the next five years and for decades to come.”

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