Member Article

Government releases record £500 billion infrastructure pipeline

Following the government’s announcement of the new £23 billion National Productivity Investment Fund, as revealed by the Chancellor in the Autumn Statement, a new National Infrastructure and Construction Pipeline has been published.

Released today, the document sets out over £500bn worth of planned private and public investment in the industry, with more than 40% of the pipeline coming from government investment.

This new fund includes infrastructure investments of over £2.6 billion to improve transport networks; a multi-million pound package to accelerate the future of broadband, and £7.2 billion to support the construction of new homes.

Chief Secretary to the Treasury David Gauke said: “This record infrastructure pipeline is set to make a real difference to people’s lives from quicker and easier journeys, to better broadband access, and building more homes for people who need them in high demand areas.

“It is clear proof that we are absolutely committed to ensure our infrastructure is fit for the future, which is at the heart of our ambitious plans to close the UK’s productivity gap and build a fair economy for everyone.

“It builds on our strong record of delivering the modern infrastructure this country needs for the twenty-first century.

The publication can be seen in further detail by clicking here.