UK to spend record £500bn on infrastructure investment

Statement from Treasury

Jayna Rana
clock • 1 min read

The UK government has outlined its infrastructure investment pipeline which will see £500bn worth of projects set to be undertaken over the coming years.

Following chancellor Philip Hammond's (pictured) first Autumn Statement speech last month, in which he announced plans for a £23bn National Productivity Investment fund, the Treasury said government investment will be behind around 40% of the pipeline. Projects include the Thames Tideway Tunnel, smart meters and upgrading the A14 highway in eastern England, according to Bloomberg. Chief executive to the Treasury, David Gauke, said in a statement: "This record infrastructure pipeline is set to make a real difference to people's lives,from quicker and easier journeys to better broadband...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Alternative Investment Market hit by sharp liquidity declines as investors turn to the US
UK

Alternative Investment Market hit by sharp liquidity declines as investors turn to the US

Calls for LSE to consider new advertising tactics

Eve Maddock-Jones
clock 07 May 2024 • 2 min read
House of Lords challenges 'disproportionate' FCA investigations proposal
UK

House of Lords challenges 'disproportionate' FCA investigations proposal

Letter to FCA CEO Nikhil Rathi

Eve Maddock-Jones
clock 22 April 2024 • 2 min read
Bank of England's Megan Greene rules out 'imminent' rate cuts - reports
UK

Bank of England's Megan Greene rules out 'imminent' rate cuts - reports

UK in 'trade-off territory'

Valeria Martinez
clock 19 April 2024 • 2 min read
Trustpilot