Statement
My right honourable friend the Chief Secretary to the Treasury (Darren Jones) has made the following Written Ministerial Statement.
The government has today laid the “UK Infrastructure: A 10 Year Strategy” [CP 1344] which restores confidence and drives economic growth by funding at least £725 billion for infrastructure over the next decade and transforming how infrastructure projects are planned and delivered.
Better infrastructure has a vital role to play in delivery of all of the government’s missions, creating and connecting people to good jobs, supporting new housing and neighbourhoods, ensuring people can depend on vital public services and providing resilience in response to a changing world.
Delivering this requires a new approach. Infrastructure investment has been too erratic and too low in the UK, hampering productivity and wages and making delivery slow and costly. Across policy and delivery, there has been insufficient coordination, across sectors and between government and industry.
In the 10 Year Strategy, the government is doing things differently to fix the failures of the past, prioritising long-term outcomes over short-term announcements, providing the certainty and stability needed to attract investment, boosting British supply chains and jobs, and taking a joined-up view to improve planning and delivery across all types of infrastructure.
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This statement has also been made in the House of Commons