The Government has published its 10 year Infrastructure Strategy promising £9bn a year maintenance funding for “crumbling” schools, hospitals and courts
There was however no pipeline pipeline published today but with the promise of one soon and a single mention of Northern Powerhouse Rail with further information promised soon
“The strategy sets out a long-term plan for how the government will invest in infrastructure and ensure that funding is spent effectively and efficiently, marking a new approach to how projects are planned and delivered,” it says adding
“The strategy provides the certainty and stability needed to attract investment, boosting British supply chains and jobs, and takes a joined-up view to improve planning and delivery across all types of infrastructure.”
Iain Gamble, Partner and Head of Real Estate at leading independent law firm Brabners, said:
“Regeneration has been a priority for successive governments but delivering transformative projects requires a holistic, long-term approach that has previously been lacking. By putting a 10-year framework in place, the new Infrastructure Strategy moves us closer to a position where critical projects are able to transcend parliamentary cycles and provide the foundations for wider regeneration and economic growth.
“Critically it also seeks to address the financing challenges that have limited the scale of private investment into UK real estate, with a renewed willingness to discuss public-private partnership models.
