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GCP Infrastructure Investments

Celebrating 15 years of purposeful investing

Since its IPO in 2010, GCP Infrastructure Investments Limited has been at the forefront of delivering long-term, sustainable income through investments in essential UK infrastructure. Born out of the post-financial crisis environment, GCP stepped into a funding gap left by traditional lenders, supporting projects with clear social and environmental purpose. From its beginnings with a £40 million raise and five PFI-backed investments, GCP has grown into one of the UK’s most diversified infrastructure investors, and has deployed nearly £2 billion across 17 infrastructure segments.

Fifteen years on, GCP's track record includes early investments in renewables and pioneering support for supported living accommodation. With over £1,000 in income returned per £1,000 invested since launch, and a portfolio that remains robust, resilient, and inflation-protected, the Company continues to evolve with the market. This milestone marks not just a celebration of the past, but a renewed commitment to building a sustainable future.

Chairman's reflections

Andrew Didham, Chairman of GCP Infrastructure Investments Limited, reflects on the 15 years since the Company's IPO. He outlines GCP’s evolution, key milestones, and the strategic decisions that have shaped its portfolio and purpose over a decade and a half.

Read the article here

Building a 15 year track record

  • The first debt-focused listed infrastructure investment company
  • Delivered a 178% total return to shareholders since IPO*
  • Paid consistent dividends for 15 years

*Source: Half-yearly report and financial statements March 2025

A first mover

  • 2011: first renewable energy investment in domestic rooftop solar panels
  • 2013: broke new ground in the anaerobic digestion sector and became a pioneer investor in UK waste wood power stations
  • 2018: GCP is an early financial backer of offshore wind

Portfolio evolution

Since its IPO, the Company has evolved from a portfolio solely comprising subordinated PFI investments into a diverse platform spanning 17 infrastructure sectors, with nearly £2 billion in capital deployed.

Today* the portfolio is composed of:

  • 27% PFI (healthcare, education, waste, leisure, housing, energy efficiency, justice)
  • 14% supported living
  • 59% renewables (solar, biomass, wind, anaerobic digestion, hydro, geothermal, gas peaking, EVs)
  • 49% inflation-protected assets

*Source: Half-yearly report and financial statements March 2025

Regular, sustained, long-term income

  • 15 consecutive years of dividend payments
  • £1,017 in income returned for every £1,000 invested at IPO**
  • 49% inflation-protected assets*
  • Near 10% yield today*

*Source: Half-yearly report and financial statements March 2025
**Source: FE Analytics, 22 July 2010 to 8 May 2025

Investment case studies

  1. Rooftop solar: The first renewable energy investment made by GCP Infrastructure Investments Limited over a decade ago, was funding a portfolio of rooftop solar assets
  2. Schools: The Aberdeen Schools Project is a portfolio of schools financed as part of the Scottish government’s NPD PFI scheme
  3. Energy-from-waste: GCP Infrastructure Investments Limited first invested £48 million in the Gloucester Energy-from-Waste facility in 2017
  4. Hospitals: 8.4%* of the Company's portfolio is currently invested in healthcare assets across England and Scotland
  5. Social Housing: GCP Infrastructure Investments Limited has invested in this sector since 2013. Today, 14%* of its portfolio supports assets in this sector

*as at 31 March 2025

Read the Company's latest insights here

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