PM pledges investment in infrastructure

Construction and engineering bodies have welcomed the prime minister’s pledge to invest in the UK’s infrastructure.

During his speech at the Tory Party conference this week, David Cameron outlined his plans for an “entrepreneurial economy”.

This includes establishing a Green Investment Bank, to supply funding projects that can help the country reduce carbon emissions.

He also promised “big infrastructure projects”, such as high speed rail, and carbon capture and storage, and a £1 billion regional growth fund.

Rosemary Beales, national director of the Civil Engineering Contractors Association (CECA), welcomed his comments.

“We hope he is setting the tone for how the government will handle investment in roads and rail over the coming three years, which is a crucial period for the economy and one in which the Government is looking to the private sector to power the recovery,” she said.

A recent survey conducted by CECA and the Association for Consultancy and Engineering found that two in three engineering firms believe further cuts in transport infrastructure investment will damage their prospects over the next three years

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