Today (Tuesday 10th October) the Chancellor, , met with key construction
firms and investors in No11 Downing Street.
The Chancellor outlined how re-investing £36billion into better
transport links for more people and in more places across the
country will mean more local transport improvements for towns and
cities, starting sooner and finishing faster.
He emphasised that, as has always been planned, the HS2 line will
finish at Euston station in London. This site, with the potential
for as many as 10,000 new homes as well as opportunities for
business to thrive, has already attracted extensive investment
interest from the private sector.
The Chancellor stressed there will be a completely new approach
at Euston, changing the leadership of the project, adopting a
similar approach to the successful regeneration of King’s Cross
and the Battersea and Nine Elms development in London, which
included both the Northern Line extension and development of the
Battersea Power Station, which secured £9 billion of private
sector investment alone.
He also emphasised the private sector will continue to play a
crucial role in funding and financing UK infrastructure and
driving economic growth. He pointed to a number of measures to
support private investment including setting up the UK
Infrastructure Bank, the Mansion House Reforms and unlocking over
£100 billion of institutional capital through Solvency II
reforms.
He also welcomed the industry’s views on what the core challenges
facing the sector are ahead of Autumn Statement, and what the
government can do to address these to boost infrastructure
investment and delivery.
List of roundtable attendees
- Mace
- Skanska
- Balfour Beatty
- Aviva
- WSP
- Macquarie
- Costain
- Arup
- AtkinsRéalis
- Mott MacDonald
- Institute of Civil Engineers (ICE)
