Infrastructure boom is coming

Utilities and infrastructure now offer growth prospects beyond steady income. Ageing networks built post-World War Two need urgent replacement, creating major investment opportunities.

Spending on infrastructure collapsed

Capital expenditure on infrastructure fell from around 5-6% of budgets decades ago to just 2.5-3% today, leaving roads, bridges and airports crumbling.

Power shortage is driving demand

AI datacentres and electric vehicles need massive electricity. The UK phased out coal (once 50% of supply) without investing in nuclear, creating a power scarcity that will last decades.

“We are relying increasingly on intermittent power generation resources, such as wind and solar.”

Renewable energy needs backup

Wind and solar are intermittent, so the grid needs more power generation capacity and storage. This creates long-term demand for infrastructure investment over the next 20 years.

Water scarcity is a global problem

Urban areas worldwide face severe water shortages. Companies like Veolia, the French water operator, are positioned to profit from this growing global market opportunity.

“Water faces a major scarcity phenomenon in urban areas worldwide.”

Toll roads pass inflation to users

Toll road operators automatically raise prices with inflation. French motorway tolls jumped from 5 euros to 5.30 euros year-on-year, providing reliable revenue growth.

“It's a nice inflation pass-through revenue.”