Govt outlines UK construction pipeline
The government has updated its Construction Pipeline as part of the National Infrastructure Plan, highlighting £40 billion of projects over the next four years.
Cabinet minister Francis Maude commented: "Never before has a government been so open about its long-term business needs.
"Industry leaders recognise the value of publishing these pipelines and that is why they support our reforms which will boost growth.
"Publishing data on what we plan to buy ... means we can identify skills gaps sooner and give industry a heads up so UK businesses are in a better position to compete."
In total, 600 projects have been included in this latest update, with all sectors of construction set to benefit from major investment, ranging from new homes and transport infrastructure improvements to the provision of public amenities and local authority improvements.
It is hoped that the publication of this information will lead to a better understanding for UK businesses as to what improvements in local infrastructure they can expect over the coming years, although HM Treasury noted all of these developments remain a possibility and are not confirmed.
The government has stated the pipeline is now to be updated on a six-monthly basis, ensuring all sections of society remain aware of Westminster's ongoing commitment to invest in local infrastructure projects.
Earlier this month, the Homes and Communities Agency (HCA) published information regarding the first project to receive funding as part of its Get Britain Building programme.
A £2.3 million grant has been given to Nicholson Crest for the delivery of up to 1,000 new homes in Ashford, Kent, with the developer also applying for seven further projects across the UK, with a possible £25.2 million of grants up for grabs.
In total, the HCA has shortlisted 224 developments for funding as part of the programme, with a total of £530 million of public money awaiting allocation.
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