Investment in infrastructure remains a key contributor to the UK’s economic growth. As we head further into 2018, one of the fundamental challenges we face in the UK is accelerating this investment.
In the annual update of its infrastructure and construction pipeline, published in December, the UK Government outlined over £460bn of planned infrastructure investment across the public and private sectors, including over £240bn which will occur in the next four years. The scale of this project pipeline is immense, covering the construction and maintenance of roads, railways, hospitals, power stations and schools.
Studies have consistently shown that investment in infrastructure has a strong multiplier effect, with every £1 spent on construction output estimated to generate nearly £3 in total economic activity.
But if these projects are to be built, the Government needs to ensure that the...
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