UK Government Publishes Infrastructure Pipeline to Support Long-Term Growth

Strategic Insights -

The UK government has launched an interactive Infrastructure Pipeline to provide clarity and confidence to investors and industry stakeholders, helping them plan for the long term and support the delivery of the government's infrastructure ambitions. The pipeline includes 780 planned private and public sector projects, totaling £530 billion over the next decade, and will be regularly updated to reflect changes in project status and investment plans. This move follows the publication of the government's 10 Year Infrastructure Strategy, which aims to ensure that planning and delivery are joined up.

Key Takeaways:

  • The Infrastructure Pipeline includes 780 planned projects, totaling £530 billion over the next decade, with £285 billion funded solely by the public sector.
  • The pipeline will be regularly updated to reflect changes in project status and investment plans, providing real-time information on projects in development, construction, and planning.
  • The pipeline aims to improve the quality of policy making, spending decisions, and the delivery of major projects by providing a more consistent picture of significant infrastructure investments.
  • The pipeline will support the government's industrial strategy, boosting business investment and driving growth across the country.
  • The Construction Industry is calling for a consistent and accurate pipeline to scale up to deliver 1.5m new homes and national infrastructure.
  • The pipeline has been welcomed by industry stakeholders, who see it as a big step forward in providing clarity and confidence to investors and industry stakeholders.

Statistics:

  • The pipeline includes £530 billion of projects and programmes over the next ten years.
  • £285 billion of the funding will be provided solely by the public sector.
  • The pipeline will be regularly updated to reflect changes in project status and investment plans.
  • The pipeline aims to support the delivery of 1.5m new homes and national infrastructure.
  • The construction industry is calling for a consistent and accurate pipeline to scale up to deliver 1.5m new homes.
  • The pipeline will support the government's industrial strategy, boosting business investment and driving growth across the country.

Sources:

  • UK Government's news release
  • Statement from Chief Secretary to the Treasury Darren Jones MP
  • Statement from NISTA's Chief Executive Becky Wood
  • Statement from John Foster, Chief Policy and Campaigns Officer at CBI
  • Statement from Sam Gould, Director of policy and external affairs at the Institution of Civil Engineers
  • Statement from Mark Reynolds, Mace's Executive Chair and Co-Chair of the Construction Leadership Council