The Chancellor has today announced his Spending Review, which encompassed a number of elements, some of which are relevant to the built environment, including:
- A new £4bn “levelling up” fund for upgrading local infrastructure across the UK
- A new UK infrastructure bank in the north of England – which will work with the private sector to finance major new investment projects across the UK – starting this spring
Following on from the Review, our chief executive Andrew Davies, said:
“Kier welcomes the Chancellor’s commitment to provide continued investment in infrastructure across the UK and particularly in geographies where it is needed most.
“Recognising the very difficult public spending choices the Government faces this year, ambitious capital investment in the health, education, justice and defence sectors and the improvement of transport connectivity between regions presents a real opportunity to stimulate the economy and will create jobs and opportunities for businesses, large and small.
“The construction industry has risen to the challenges posed by Covid-19 and has demonstrated it can operate safely, with sites remaining very much open for business. As the Government moves forward with its ambitious building programme, the industry stands ready to play its part in helping the UK rebuild better, faster and greener.”