Gridlines

Last chance to register for our free, one-hour training session with Toby Tucker on the fundamentals of three-statement modelling. We will cover: ✅ How the Income Statement, Balance Sheet and Cash Flow link ✅ The common errors that break the structure ✅ Practical steps to build cleaner, more reliable statements ✅ Q&A with Toby When: Wednesday 3 December at 1pm GMT This session is ideal for anyone who wants more confidence in their modelling — whether you’re early in your career or refining the basics for your team. Register today to save your place! Link in the comments 👇

UK Autumn budget 2025: The key takeaways for infrastructure and project finance The Chancellor delivered her second Autumn Budget yesterday — and while it was widely anticipated, the outcomes were more measured than many expected. The main change for companies in the project finance infrastructure sector was a reduction in the rate of tax relief on capital expenditure. In her blog, Morag Loader breaks down what matters most for the sector, including: • Changes to capital allowances (with a slower writing down allowance but new 40% first year allowance) • A welcome new Stamp Duty Reserve Tax (SDRT) relief to encourage UK listings • The shift from a temporary Energy Profits Levy to a permanent price-based mechanism • Updates to business rates, landfill tax, climate change levy, and customs duties • Continued momentum behind the 10-year infrastructure strategy and future PPP models Let’s wait and see whether the changes book business confidence overall. We’d love to hear your insights! You can find the link in the comments 👇

BPI’s review of the NGFS Disasters and Policies scenario raises a sharp warning. By combining too many extreme events, the scenario stops representing risk and starts imagining it. Their analysis shows probabilities so remote they may be less likely than an asteroid wiping out civilisation. Why does it matter? Stress testing only works when the scenarios could realistically occur. Credible models sit at the edge of plausibility, where assumptions sharpen decisions rather than distort them. What’s the most unrealistic scenario you’ve ever seen in a model? 📌 Read the full story in the comments 👇

Models go wrong in more places than you think. In project finance, small slips can swing big decisions. Which risk most worries your team? Swipe the carousel to see the seven you need to manage.

UK retailer B&M cut its profit outlook after failing to record £7 million in overseas freight costs, sending shares down 16% and prompting its CFO to resign. The issue stemmed from a system update and has triggered a third-party review. Why does it matter? A single mis-coded line can shake confidence across an entire organisation. Strong reconciliation controls are not optional when decisions and reputations ride on model outputs. What’s the first control you would tighten to prevent this?

New from Gridlines: Beyond the hype — A practical framework for AI-driven financial modelling. As AI enters the world of professional financial modelling, knowing which tools to trust has never been more critical. This paper sets out an 8-point benchmark for evaluating AI readiness — covering: 1. comprehension, 2. control, 3. transparency, 4. security, 5. prompting, 6. templates, 7. training, and 8. ecosystem fit A clear standard for credible AI use in infrastructure and project finance. Written by Kenny Whitelaw-Jones – a founding partner at Gridlines – you’ll discover a thoroughly researched framework for decision-makers: how to prepare your people, protect your standards, and lead through the next wave of AI transformation. Download link in the comments 👇 #AI #InfrastructureFinance #FinancialModelling #Innovation #WeAreGridlines

Join us on 3 December for a free, one-hour session with Toby Tucker on the fundamentals of three-statement modelling. We will cover: ✅ How the Income Statement, Balance Sheet and Cash Flow link ✅ The common errors that break the structure ✅ Practical steps to build cleaner, more reliable statements ✅ Q&A with Toby This session is ideal for anyone who wants more confidence in their modelling — whether you’re early in your career or refining the basics for your team. Register today to save your place.

We’re excited to announce that Isha Gupta has joined Gridlines as a Director of Valuations. Isha brings over 14 years of experience in financial consulting and advisory. She has led teams delivering valuations for global funds and has worked across renewables, transport, social infrastructure and telecom. For our clients, this means added depth and leadership in a discipline that underpins critical investment decisions. Isha’s expertise will help ensure our valuation practice continues to deliver clarity, rigour and confidence on complex deals worldwide.

Financial modelling moves fast. 35,492 modellers didn’t wait to keep up—they subscribed. The Modeller’s Miscellany lands in inboxes every fortnight with the latest in modelling, infrastructure and AI. The insights that matter. Hazel, one of our subscribers, put it best: “I’ve been reading your newsletters for a couple of years now so I just want to say a huge thank you for putting your thoughts & content out there for us to read – always great food for thought and enthusiasm.” Join the smartest modellers who don’t miss a thing. Try it once, unsubscribe anytime. 👉 https://lnkd.in/eFRb-QcD

Gaurav Singh, Head of Infrastructure Advisory at Gridlines, shares his view on why raising equity for infrastructure and renewables remains one of the toughest challenges in 2025. Deals are still happening, but they are slower, more selective, and shaped by caution. Here are four reasons investors are still holding back, and what could shift the market in 2026. 👇