RE: no boom in 202125 Nov 2020 17:35
Extracted.
In depth: What the National Infrastructure Strategy means for construction. Document published alongside chancellor’s Spending Review
The government has today published its National Infrastructure Strategy – more than two years after the assessment it was based on was first published.
While the government published an interim response to the National Infrastructure Commission’s National Infrastructure Assessment alongside its 2018 budget – it has taken until now for a formal strategy to be announced. The next assessment is due to be carried out in 2023.
The strategy has laid out several key infrastructure plans and promises as part of the new announcement.
New UK infrastructure bank
The new facility, which will be headquartered in the north of England, will come into operation from this coming spring. Given the end of the UK’s transition period to its exit with the EU, there had been concerns around whether the UK would still have access to the European Infrastructure Bank, which has helped bankroll a huge number of UK infrastructure projects. The UK version has been set up to help meet that need.
The bank will co-invest alongside private sector investors including banks, institutional investors, sovereign wealth funds, pension funds and global infrastructure investors. It will use a range of tools to support private projects: as well as offering guarantees through the existing UK guarantees scheme, it will be able to offer debt, equity and hybrid products.
Upcoming key announcements
The net zero review final report, the national infrastructure and construction pipeline, transforming infrastructure performance 2021, and a transport decarbonisation plan will be published in the next six months.
In the next 12 months, the government has also promised to announce the English devolution and local recovery white paper, an electric vehicle charging infrastructure strategy, a heat and buildings strategy, a hydrogen strategy, an industrial decarbonisation strategy, and a refreshed industrial strategy.
Project Speed update
The government set up Project Speed in the summer, to review every part of the infrastructure project life cycle and identify where improvements could be made. Project Speed has developed a comprehensive package of reforms, including:
* Reform of environmental regulations to deliver a quicker and simpler framework for assessing environmental impacts and secure better outcomes for the environment;
* Landmark reform of the planning system including consulting on amending permitted development rights, to let schools and hospitals be expanded quickly;
* Transforming the construction sector to enable it to become more productive, more sustainable and more internationally competitive, with better use of data and modern methods of construction;
* Ensuring more effective decision making with streamlined approval processes, more emphasis on quality design, and better monitoring and evaluation;
* Embedding good des
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