A co-owner of the group behind Manchester, Stansted and East Midlands airports has pledged a £3bn investment into the UK over five years.
The money from IFM Investors will be used to maintain the airports as well as the M6 toll while its new net zero fund will support large-scale infrastructure energy transition projects – including in electrification, carbon capture and solar power.
IFM Investors holds a 35.5% stake in Manchester Airports Group while the same amount is owned by Manchester City Council and the rest split between the remaining local authorities.