Building momentum via a versatile investment

Balfour Beatty is positioned to benefit from a multi-year infrastructure investment cycle in the UK and selected US growth markets.

• The UK’s 10-Year Infrastructure Strategy commits £725 billion to economic and social infrastructure over the next decade, with more than 700 projects listed in the infrastructure pipeline.
• Balfour Beatty operates across construction services, support services and infrastructure investments, with revenue split evenly between the UK and North America and 9% from a Hong Kong joint venture.
• In UK energy, the company holds a 25% share of power transmission, while Ofgem’s planned grid investment is expected to reach £90 billion by 2031 across 80 transmission projects.
• UK defence spending is scheduled to rise to 3.5% of GDP by 2035, while Balfour Beatty also has road, rail and airport capabilities aligned with transport investment plans.
• In the US, aviation construction is estimated at $140 billion and data-centre construction at $250 billion from 2026 to 2029; Balfour Beatty is delivering projects at seven airports and has built around 80 data centres in the Northwest region.

Takeaway: The investment thesis depends on the Autumn Budget confirming infrastructure funding, mechanisms and timing; fiscal constraints and contractor execution risk remain important reservations.