The Civil Engineering Contractors Association said that today’s autumn statement demonstrated that the government was listening to the needs of the infrastructure sector.
Based on analysis of figures published today, CECA believes that around £775 million of work will be release in 2013/14 as a result of the chancellor’s actions with more than £1 billion further additional work due to follow the next year.
“CECA has long argued that there is a pressing need for the government to take action to unlock new work in the infrastructure sector to achieve growth in the economy,” said CECA director of external affairs Alasdair Reisner.
“Today’s autumn statement shows that the government has listened. A combination of new projects and investment in repair and maintenance work offers the potential of additional work worth £775 million for CECA members in 2013-14.
“Investment in the infrastructure sector offers the best rate of return, but for larger infrastructure projects it can take time for these benefits to be realised, particularly due to the planning system. It is thus vital that government and industry work together to identify ways of unlocking work in the sector that will show an immediate benefit.
“By announcing new work in the fiscal year, the chancellor has recognised the need to stimulate infrastructure activity in the short as well as the long term, as the best means of returning UK plc to economic health.
“Clearly we will need to be sure that this is genuinely new money, rather than recycling of funds that would otherwise have been spent on infrastructure elsewhere. But on the face of it, this appears to have been a good autumn statement for the industry.”