A report has been published by the Business Infrastructure Commission setting out recommendations for improving the UK’s congested infrastructure.
The independent group of ‘key business and industry leaders’ say that the UK ‘suffers’ some of the most congested infrastructure in the developed world.
They also say that failure to invest in these will have ‘serious impacts upon the country’s long-term economic future.’
They believe that improvements to transport and energy could increase GDP by an additional 0.7%.
The report urges the Government to rise to the challenge and focus on the five pieces of the ‘infrastructure puzzle,’ to create a strong infrastructure framework which will ‘benefit the UK economy for years to come.’
They include a detailed long-term infrastructure strategy, procurement reform and improvements to the planning system for major projects. These ‘must’ go hand in hand with attracting private finance, and ensuring we have the right skills to deliver national and regional infrastructure projects.
Professor David Begg, Chairman of the Business Infrastructure Commission, said:
“The UK has one of the most heavily used infrastructure networks in the developed world. This is why it is critical to encourage further investment so that UK infrastructure is fit for the future. By infrastructure, we mean transport, energy supply, and digital communications networks – the backbone of business and our economic health.
“Increased levels of investment from both Government and critically from the private sector must also be matched by a long-term infrastructure strategy. For example, there are savings of £2-3bn annually to be found through more efficient procurement.
“Our ability to move goods and services around the country, and doing business online, is crucial to our economic vitality, particularly in stimulating regional economies. Without investment and a long-term infrastructure strategy, our economy may be hindered by networks that cannot support its growth.”
The five pieces of the ‘infrastructure puzzle’ includes:
- Long-term Planning
- Procurement Reform
- Planning Reform
- Attracting Private Finance
- Skills Provision
