The Chancellor unveiled her Spending Review yesterday, promising to deliver investment, jobs and growth in every part of the country as part of ‘renewing’ Britain. She outlined £113 billion of capital investment over the next three years, with economic and social infrastructure at the heart of the Government’s plans to facilitate better public services, connect towns and cities, and improve people’s lives. The key points for construction included:
The Government is expected to publish its 10?year Infrastructure Strategy next week, setting out in one place a long-term plan for delivering and maintaining the country’s economic, social and housing infrastructure. The strategy will be followed by a pipeline of projects, due to be published before Parliamentary recess begins on 22 July, which will provide more granular detail of all the projects. Taken together, they should be a step forward in giving businesses across the industry the confidence they need to plan and invest.