Nearly two thirds of businesses (62%) are concerned with the pace of progress on the delivery of infrastructure projects in the UK, and over half (53%) believe they won’t see necessary upgrades in the next five years, according to the 2015 CBI/AECOM Infrastructure Survey.
With 94% of the 722 firms surveyed saying the quality of infrastructure is a key deciding factor in planning their investments, there is clear consensus on the need to speed up the delivery of projects crucial to the British economy in this Parliament, and to reverse decades of under-investment and policy change.
Momentum has been building in the last five years. Business has been encouraged by the Government’s moves, such as the creation of the National Infrastructure Commission and the use of Government guarantees to boost investment. Indeed, now, twice as many firms (43% of all businesses and 49% of infrastructure providers) see UK infrastructure improving instead of deteriorating (23%). Devolution has also been greeted with optimism, with 61% of firms believing it will improve delivery of local infrastructure, rising to 73% among English companies. For the full article click here
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