Infrastructure plan sets out national priorities into next decade

The plan sets out investment for energy, transport, flood defence, waste, water and communications infrastructure up to and beyond 2030.

Today’s announcement coincides with news that six major insurers - including Aviva, Scottish Widows and Legal & General - are to invest £25bn in UK infrastructure over the next five years.

The Treasury believes the National Infrastructure Plan provides the ‘visibility and improved certainty industry has been looking for in order to commit to big investments.’

Danny Alexander, chief secretary to the Treasury said: ‘This is great news for the people of the UK because after years of neglect, the UK’s energy, road, rail, flood defence, communications and water infrastructure needs renewal. It will boost the UK economy creating jobs and making it easier to do business.’

Welcoming today’s announcement, Nick Baveystock, director of the Institution of Civil Engineers said: ‘The National Infrastructure Plan plays a critical role in enabling the UK to compete in a modern world, creating jobs and growth and providing the stability for the UK to grow its engineering skills and capacity.