Global infrastructure investors still believe the UK has medium-term investment prospects despite Brexit, according to the 2019 edition of The Global Infrastructure Hub and EDHEC Infrastructure Institute (EDHECinfra) survey.

The survey ranked the UK as the third market with the most potential for private infrastructure investment in the next five years – after the US and Australia and ahead of France – out of more than 20 advanced infrastructure markets.

The UK ranked second in the 2018 edition of the survey.

The survey, which closed last week, polled over 300 respondents including 130 asset owners such as pension funds, insurance companies and sovereign wealth funds, representing $10trn in managed assets.

Frederic Blanc-Brude, director of EDHECinfra said: “This is a very strong signal: long-term investors continue to believe in the credibility of the UK infrastructure sector, the viability of the British economy in the medium term, and the creditworthiness of its government.

“Perhaps no deal is a good deal for infrastructure investors.”

This survey combines the opinions of institutional investors that have to take a view on the post-Brexit UK, Blanc-Brude said, adding that together, the asset owners alone represent more than 10% of global assets under management.

“The UK has long been one of the most active markets for infrastructure investment and represents one-third of the EDHECinfra Broad Market Equity Index Universe of unlisted infrastructure companies.”

An earlier version of this story incorrectly referred to the survey as the EDHECinfra survey due to an error at source. The survey is The Global Infrastructure Hub and EDHEC Infrastructure Institute survey.