Innovative infrastructure plan introduced for UK economic growth
Summary
The Government has acknowledged the need to expand private sector businesses across all regions and industries to improve the quality of life for everyone in the UK.
'National Infrastructure Plan 2010' details plans to develop world class infrastructure for the Spending Review period and beyond.
In the next five years, over £200 billion will be invested. Careful planning and wise spending will therefore be essential as funding derives from the public and is limited for such a large-scale initiative.
The majority of investment will focus on transport and energy, with contributions to the energy sector almost doubling between 2010 and 2015. Digitial communications, floodwater, waste management and science are also noted areas for investment.
Infrastructure UK (IUK) is the organisation responsible for the nation’s economic overhaul, confirmed by the Chancellor in the June 2010 budget. IUK is a division of the HM Treasury. An advisory council has been established to provide guidance on the strategic direction and work priorities of IUK.
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