The government will develop a new pipeline of projects that could delivered through its PF2 public-private partnership scheme.
It will set out an initial list of projects, covering both economic and social infrastructure, in early 2017, it was revealed in the Autumn Statement today.
The government has also recommitted to the UK Guarantees Scheme, which it has confirmed will run to at least 2026.
UK Guarantees is a government scheme that launched in 2013, designed to kick-start crucial infrastructure projects. It has to date issued nine guarantees that have delivered £1.8bn of Treasury-backed infrastructure bonds and loans, supporting more than £4bn-worth of investment.
The government said it was also working with the industry to understand the demand for construction-only guarantees.
Get all the latest content from the Autumn Statement
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- What did we learn? 6 key points explored
- R&D investment boost announced, but Britain still lags behind others
- OBR revises growth forecast; surplus target delayed
- £23bn National Productivity Investment Fund announced
- Industry reacts: Leading figures from across the sector have their say