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

Revised figures show zero UK real GDP growth in Q3
UK

Revised figures show zero UK real GDP growth in Q3

Revised ONS figures

Sorin Dojan
clock 23 December 2024 • 1 min read
UK retail sales edge up by 0.2% in November
UK

UK retail sales edge up by 0.2% in November

Black Friday sales not counted

Sorin Dojan
clock 20 December 2024 • 2 min read
City Minister Tulip Siddiq embroiled in £4bn anti-corruption probe - reports
UK

City Minister Tulip Siddiq embroiled in £4bn anti-corruption probe - reports

Alleged £10bn nuclear plant deal

Linus Uhlig
clock 19 December 2024 • 1 min read
Trustpilot