The government’s infrastructure advisory body today called for £30bn to be invested every year in improving UK infrastructure through to 2050.
The National Infrastructure Commission urged the government to pledge at least 1.2 per cent of the country’s annual GDP to infrastructure spending between 2020 and 2050 – an annual average of £29.8bn.
The calls come as part of the NIC’s National Infrastructure Assessment report, the first time the UK has produced a 30-year forecast of the UK’s infrastructure needs.
As part of the report, the infrastructure body has provided detailed recommendations of how much the government should spend on specific infrastructure each year (see table).
The table covers the maintenance and renewals of existing infrastructure in the country, development of new schemes, and the construction of capital projects such as Northern Powerhouse Rail and Crossrail 2.
The NIC suggests spending around £200m each a year on Crossrail 2 and Northern Powerhouse Rail between 2020 and 2025. This would then rise to £2.9bn and £1.7bn a year respectively between 2030 and 2035.
The NIC has said that after 2030 the government’s infrastructure investment profile should move away from major cross-country enhancement schemes towards more intercity projects.
This is reflected in the £2.4bn annual spend suggested for major urban projects in the five years after 2030, up from £400m set aside for 2025 to 2030.
NIC annual infrastructure spending proposals
|Northern Powerhouse Rail||£200m||£1.1bn||£1.7bn||£1.8bn|
|Devolved cities transport||£3.3bn||£3.6bn||£4.6bn||£5.4bn||£6.1bn||£6.8bn|
|Transport for London||£2.6bn||£2.9bn||£2.2bn||£2bn||£2.2bn||£2.4bn|
|Urban major transport projects||£500m||£400m||£2.4bn||£3.1bn||£3.5bn||£3.9bn|
|Non-urban local transport||£2.7bn||£2.9bn||£3.4bn||£3.8bn||£4.2bn||£4.7bn|
|Local roads backlog||£500m||£500m|
|Housing infrastructure fund (transport)||£500m||£200m||£200m||£200m||£200m||£200m|
|Rural fibre broadband||£400m||£300m||£100m|
|TOTAL ANNUAL EXPENDITURE||£26.9bn||£29.2bn||£31.5bn||£30bn||£29.6bn||£31.8bn|
|AS % of GDP||1.2%||1.2%||1.2%||1.0%||0.9%%||0.8%%|
|*combined allocation for road and rail | **£10m funding in 2020/21|