The Government has announced over £500bn worth of private and public investment in an attempt to ‘close the UK’s productivity gap’.
Whitehall today published its National Infrastructure and Construction Pipeline which outlines the new investment plans.
According to the Pipeline, over £300bn will be invested by 2020/21 and it will cover over 720 projects and programmes across transport, housing and digital.
It will include major projects such as the Thames Tideway Tunnel, the rollout of smart meters, and upgrading the A14.
The Government also today published a new funding and finance supplement to help attract further private sector investment into some of the UK’s most important infrastructure projects.
‘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,’ said chief secretary to the treasury David Gauke.
‘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.’
