Growth and Infrastructure Act receives royal assent
The new Growth and Infrastructure Act 2013 has received royal assent, bringing the new legislation into law and paving the way for a considerable upturn in the number of major infrastructure projects across the UK in the coming years.
Removing barriers to the uptake of new construction projects up and down the country, the new legislation is expected to have far-reaching impact on major developments, ensuring the government can deliver on promises of substantial infrastructure upgrades over the coming years.
Planning minister Nick Boles said: "The Growth and Infrastructure Act is a major landmark for the coalition government.
"These new laws will reform our economy so it can boost investment, growth and jobs by streamlining a lot of confusing and overlapping red tape that all too often gets in the way of people’s everyday lives."
Meanwhile, communities and local government secretary Eric Pickles added that the introduction of the act is a victory for common sense, helping to unlock British entrepreneurship and remove considerable amounts of red tape that have clogged up the system in the past.
It is hoped that planning for up to 75,000 new homes across the UK will be unblocked following the act's royal assent, as well as making the process for new developments that much more straightforward.
The news follows recent comments from chief executive of the Federation of Master Builders Brian Berry, who argued that boosting construction output is the key to a sustained recovery for the UK economy.
He claimed greater capital investment in the construction industry is required if the coalition wishes to build its way out of the UK's current financial malaise. Indeed, many small builders are presently suffering from a lack of availability of funds and this is causing many firms to have to lay off staff.
"Government must meet construction firms halfway and find imaginative new ways of increasing activity in the sector," Mr Berry concluded.
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