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Survey finds confidence in UK’s infrastructure outlook but concerns long term

Infrastructure outlook

A new survey of construction business leaders has found that there is short term confidence in the outlook for the UK’s infrastructure, but not enough is being done in the long term.

The Ipsos Mori poll commissioned by Tarmac found that 68% of those surveyed were confident about the UK’s overall infrastructure outlook over the next 12 months. However almost the same amount said that they didn’t think enough was being done to meet the country’s requirements.

The survey found that while there was a call for the government to spend more on infrastructure projects over the next five years, 77% of those also thought the private sector should lead funding for new economic infrastructure projects.

Tarmac chief executive Cyrille Ragoucy said: “It’s great to see that the construction industry is in a confident mood, but there is no room for complacency. Challenges remain in meeting the UK’s infrastructure requirements and there is concern about the delivery in the years ahead. However, the industry signals a clear intent to work more collaboratively with all parties to deliver a step change in infrastructure for the UK.”

Nearly four-fifths (78%) of participants agreed that the time taken for infrastructure projects could be cut if there was better collaboration across supply chains.

Despite the massive wave of Northern Powerhouse announcements from the government, 72% of survey participants first mention London (51%) or the South East (21%) as the regions that will see the most being spent on infrastructure projects in 2016. The North West appeared next with 5%, followed by Scotland at 4%.

However 61% said they were confident that local government devolution would help in the delivery of local infrastructure projects.

 

 

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