Chancellor Philip Hammond must use the Autumn Budget to promote efficient investment in high performance infrastructure, the ICE has told the Treasury.
He should also focus on coordinated efforts across the government to deliver, said the Institution.
The ICE’s Budget submission is based on its National Needs Assessment analysis, and the steps the government can take to meet those needs.
The ICE has recommended that policy should focus on
- Maximising the productivity benefits from having high performing infrastructure
- Using government purchasing power effectively to increase the productivity of those delivering infrastructure
- Taking a proactive approach to manage cross departmental policy risks which impact on the infrastructure portfolio, for example taxation and immigration policy.
The ICE also suggested the government work with the National Infrastructure Commission to enable cross-sector infrastructure planning to match end user priorities. It also called for the implementation of proposals set out in the Construction Leadership Council’s proposed Construction Sector Deal.
“The UK is a long way from having the modern infrastructure networks that are required by a world-leading economy,” said ICE director general Nick Baveystock.
“Business people perceive the UK’s infrastructure as lagging behind many of its global competitors. Demands on the UK’s infrastructure services are increasing and changing, while the supply chain is simultaneously dealing with the impact of Brexit and working to unlock the opportunities created by innovative technology.Investors need confidence that our infrastructure systems are reliable and affordable. If we do not take the right steps, we will lose out on the opportunities that the future holds.”
“The ICE will continue to work with the government to deliver a national infrastructure system that is efficient, affordable and sustainable – infrastructure fit for an innovative and productive global trading nation.”
- The full Budget submission is available on the ICE website