Asset managers which pledge to invest in infrastructure could land themselves a meeting with PM Boris Johnson and chancellor Rishi Sunak, a senior Treasury civil servant has promised.
Charles Roxburgh, the Treasury’s second permanent secretary, wrote to firms recently offering a “roundtable summit” in Downing Street in November to those that make a “substantial commitment” to investment in rail, road and other projects in the government’s levelling-up agenda.
Roxburgh’s letter, seen by The Times, comes after a significant number of companies refused to engage with a joint call by Johnson and Sunak to support an “investment big bang” to boost growth.
In a joint letter in August, the pair urged institutional investors to shift more capital from short-term equity to long-term projects such as unlisted early-stage firms and infrastructure.
