Government poised for £50bn construction cash boost

Published:  15 November, 2011

LONDON: The government is understood to be preparing plans for a £50bn construction investment programme which will include social housing along with infrastructure investment on power stations and roads.

The move follows massive pressure from construction chiefs and business leaders to boost investment in the UK's infrastructure.

According to press reports the plans will be revealed alongside the Autumn Statement on November 29. The schemes will be on top of the 40 road, rail and national grid improvements which are already in the pipeline and will be speeded up.

The money is expected to be raised from the private sector.

The government hopes that private sector investors will be attracted to the plan, given the low current rate of return from traditional investments.

Business secretary Vince Cable said: "We know there's a large amount of institutional investment in pension funds and insurance companies looking for a safe return."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary