Infrastructure: Finance
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of changes in the Autumn Budget on the infrastructure sector.
Answered by Sarah Jones
The Autumn Budget outlined The Government’s commitment to support the infrastructure sector to rebuild Britain. It included plans to increase capital investment by over £100 billion in the next five years. This investment spans the infrastructure sector, including rebuilding schools and hospital, improving roads and public transport, building homes, and launching Great British Energy. Strengthening our infrastructure will drive substantial increases to our national income, positively impacting GDP.
The Government will also introduce reforms to enable greater delivery of infrastructure projects. This includes publishing a 10-year infrastructure strategy, establishing the National Infrastructure and Service Transformation Authority and reforming the planning system.
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