Pensions Infrastructure Platform

Background
Red Funnel operates services 365 days a year with 30,000 combined sailings between Southampton and East and West Cowes. The fleet consists of modern purpose-built Ro-Pax vehicle ferries and Red Jet High Speed passenger catamarans. The company provides a critical service to the island community and contributes to the overall social integrity of the area.

Red Funnel is a well- established operator with a proven track record of delivering safe, reliable and a high-quality service. It has developed strong relationships with stakeholders on the Island and has an experienced management team with a great vision for developing both the company and wider Isle of Wight economy.

Better Alignment, Better Value, Better Governance
PiP acquired a stake in Red Funnel Ferries as part of a consortium in 2017 working alongside like- minded long-term pension investors and have put in place a strong and experienced board to oversee that company’s operation and developed a robust governance structure to ensure the investment is managed and run in accordance with best in class practices.

In 2018, Red Funnel also launched its “Red Goes Green” campaign, which “seeks to showcase the environmental successes of recent years and highlight a wide range of new green initiatives, including measures to change consumer behavior in line with the company’s commitment to operate in an environmentally sustainable and sympathetic manner.” Find out more on Red  Funnel’s Red Goes Green campaign page.

Launch of Red Jet 7 at East Cowes

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