ECA backs Government infrastructure investment
Prime Minister Boris Johnson has today (30 June) announced an infrastructure investment programme worth an additional £5 billion, on top of existing commitments worth hundreds of billions of pounds.
Mr. Johnson has said the Government intends to “build our way back to health”, following the coronavirus pandemic.
The plans include major Government spending on enhancing the UK’s built environment, including on houses, schools, roads, railways, broadband, prisons and hospitals. A taskforce will be set up by the Prime Minister to fast-track the Government’s infrastructure plans.
Commenting on the announcement, ECA CEO Steve Bratt said:
“This substantive commitment to infrastructure investment is good news for both citizens and our industry. Government spending will drive help the industry to recovery following the recent pandemic and lockdown.
“Furthermore, with many firms either struggling to survive or holding back their own investment plans, this major investment will help protect jobs and the viability of small businesses.
“ECA also strongly supports the need for green infrastructure investment, and will be holding the Government to account on their plans in this area. Decarbonising transport and buildings both remain fundamental to meeting our legal climate targets, as well as delivering a more sustainable future.”
The Government also recently announced plans for a more collaborative approach to procurement and outsourcing, based around value rather than cost.
ECA Director of Legal and Business Rob Driscoll added:
“The injection of Government spend into infrastructure is the first of a number of strategic steps within the CLC roadmap to ‘restart’ the industry economy.
“Inevitably as infrastructure moves forward, this will lead to a consequential rise in commercial construction and FM.
“ECA will work with CLC and Government to ensure that the value (rather than cost) procurement models used to implement this pipeline embeds the fairer and collaborative contractual and payment practices CLC is targeting to re-set and re-invent our economy to the benefit of SME inclusion.”