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Hogan Lovells plays lead role in the launch of the National Digital Infrastructure Fund

04 July 2017

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Rachael Warren

Senior Public Relations Adviser
+44 20 7296 2780

London, 4 July 2017 – Hogan Lovells has advised its long-standing client Amber Infrastructure (Amber) on the launch of its new fund, the National Digital Infrastructure Fund (NDIF).

Hogan Lovells advised on all aspects of NDIF's launch, covering structuring, regulation and tax advice, as well as leading negotiations with the UK Government, which has invested £150 million in NDIF on a matched basis.

NDIF was the result of Amber and International Public Partnerships winning a highly-competitive mandate to work with the UK Government to provide access to commercial finance for UK digital infrastructure and, in doing so, to create ultra-fast connectivity nationwide. It forms part of a £6 billion plan laid out by Chancellor of the Exchequer Philip Hammond in November 2016 - among its aims is to enable more people to work remotely without disruption, to reduce overheads, and to help businesses to start and grow.

The Hogan Lovells funds team advising Amber was led by partner Erik Jamieson and counsel Jeremy Pickles who were supported by Homer Sullivan and David Sheridan. Partner Elliot Weston and senior associate Fiona Bantock advised on the tax aspects of the launch. Charles Ford advised on the digital infrastructure aspects of NDIF. Slaughter & May acted for the UK Government on the launch.

Erik Jamieson said:

"It is a great pleasure to continue to be part of Amber's well-earned success, acting for them on such a high-profile mandate. We have worked with Amber since they were established in 2009, and it is fantastic to see them continuing to evolve, this time through being at the cutting edge of the new digital infrastructure asset class."

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