Construction firms have been given the certainty and confidence they need to invest in major UK infrastructure projects as the government publishes details of hundreds of live schemes, underpinning the delivery of the government’s landmark 10 Year Infrastructure Strategy.
This Infrastructure Pipeline will provide real time updates on 780 planned private and public sector projects, giving industry the clarity needed to plan for the long term and creating good quality jobs and supply chain capacity necessary to deliver the government’s infrastructure ambitions and the Plan for Change. It will support our modern Industrial Strategy, boosting business investment and driving growth across the country.
Building on data from 40 government departments, public bodies and regulated businesses, the new interactive online tool provides details of around 780 public and privately led infrastructure projects under construction, in development, or at an early stage of planning including transport, energy, schools and hospitals.
The pipeline outlines £530 billion of projects and programmes over the next ten years, which includes £285 billion funded solely by the public sector.
It comes as the government announced last month at least £725 billion of government funding over the coming decade, as part of a new approach to how projects are planned and delivered.
Chief Secretary to the Treasury Darren Jones MP said: “Last month, I set out a comprehensive ten-year strategy to restore confidence in the UK’s capacity to provide the infrastructure we need to renew Britain.
“Delivering that ambition will require support from the private sector to invest in the jobs and training opportunities workers need to help us rebuild the country.
“This pipeline brings industry on that journey with us – by giving business leaders and investors confidence about future work and therefore the confidence to invest in their workforce.”
By providing a more consistent picture of significant infrastructure investments planned by both government and the private sector, the pipeline also aims to improve the quality of policy making, spending decisions and the delivery of major projects - replacing the previously erratic and uncoordinated nature of infrastructure planning with a more certain picture.
This is backed by a new online pipeline tool allowing users to see the national and regional picture of planned investments by both the government and private sector in real time. As well as providing details of individual projects, users will also be able to look at the full range of planned investments.
The pipeline will managed by the National Infrastructure and Service Transformation Authority (NISTA) and updated on a regular basis.
Becky Wood, Chief Executive Office of NISTA, said: “We’ve listened to a wide range of voices to ensure this pipeline is designed to give the infrastructure sector the information and insights needed to plan with confidence and to build the skills, workforce and supply chains required.
“NISTA is committed to working with investors, operators and construction firms on future iterations to ensure the pipeline is where private and public sector partners will stand firmly behind a shared ambition to do things better.”
