A new CBI report sets out the steps government should take to facilitate more private investment and finance into the UK infrastructure market.
The sudden onset of the Covid-19 crisis placed a significant and immediate burden on the UK’s economy and public finances.
As a response to the economic downturn created by the pandemic, the UK Prime Minister, Boris Johnson, reiterated the government’s commitment to driving infrastructure delivery. The UK’s approach is consistent with our international partners, as it has been reported that countries are planning to increase infrastructure investment to levels not seen since the post-2008 financial crisis stimulus measures.
Businesses welcome the government’s commitment to infrastructure delivery in the UK. As a key enabler of growth, and in the aftermath of Covid-19, infrastructure will play an important role in the UK’s economic recovery. Focusing on infrastructure delivery will help stimulate the renewal of the UK’s economy, and a transition it to a fairer, more sustainable economy.
However, the scale of the finance required highlights the critical role that private sector investment will have to play if this gap