The Treasury and the Infrastructure and Projects Authority is reviewing the way infrastructure is financed. The focus of the review is primarily on economic infrastructure, including energy, transport, water, flood defences, mobile telecommunications and broadband, and waste.
The Government is increasing public investment and targeting it in productivity enhancing sectors through the National Productivity Investment Fund. The government is also committed to the role of private investment in infrastructure. Of the projected £600 billion infrastructure investment pipeline for the next 10 years, half is forecast to come from the private sector
This investment will be made in a changing landscape. The rapid development of new technologies could create financing challenges, and the UK’s relationship with the European Investment Bank (EIB) will change as the UK leaves the European Union. The government is keen to maintain momentum, and in this context, is reviewing both its existing set of tools for supporting infrastructure finance, and the way they are delivered.
This review looks to the long-term, and will inform both the 2019 Spending Review and the National Infrastructure Strategy. The review is being led by HM Treasury, working with the Infrastructure and Projects Authority. It will also be supported by an expert panel.
CECA would like to submit evidence to this review and is keen to seek member views. If you are a CECA member and would like to be involved, contact CECA Director of External Affairs Marie-Claude Hemming.