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Government to spend £22bn on construction projects

July 27th, 2011

Cabinet Minister Francis Maude has revealed that the Government will invest £22bn in public construction projects over the next three years.

Speaking at the Construction Procurement Conference, Mr Maude said “The government’s construction strategy is reducing costs by up to 20% by reforming the way we procure construction projects across all sectors. However, we are still investing billions of pounds annually; with the same money we will procure more schools, hospitals, courts and prisons. Despite an incredibly difficult economic climate we are investing in and prioritizing our construction industry.”

Figures will be published later in the autumn, along with further details on exactly where the money will be invested.

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