Infrastructure Finance Review consultation publishe by OGL (2019).
“Executive summary and review process
Executive summary Context for the review
1.1 Infrastructure is essential for jobs, growth and productivity, and is one of five pillars of the government’s modern Industrial Strategy. Creating infrastructure fit for the 21st century includes improving broadband speeds and mobile coverage, enabling housing development, decarbonising our energy networks, reducing journey times, investing in water networks and increasing our resilience to climate change.
1.2 This requires major investment from both the public and the private sectors. The government is increasing public investment and targeting it in productivity enhancing sectors through the National Productivity Investment Fund. The government is also committed to the role of private investment in infrastructure. Of the projected £600 billion infrastructure investment pipeline for the next 10 years, half is forecast to come from the private sector. 1
1.3 This investment will be made in a changing landscape. The rapid development of new technologies could create financing challenges, and the UK’s relationship with the European Investment Bank (EIB) will change as we leave the European Union. The government is keen to maintain momentum, and in this context, is reviewing both its existing set of tools for supporting infrastructure finance, and the way they are delivered.
1.4 This review looks to the long-term, and will inform both the 2019 Spending Review and the National Infrastructure Strategy. The review is being led by HM Treasury, working with the Infrastructure and Projects Authority. It will be supported by an expert panel…”
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