- 11th July 2016
ICE advocates infrastructure as core concern for EU negotiations
With the recent vote by the UK to leave the European Union, uncertainty is rife throughout UK industry & economy, and further afield.
The Institute of Civil Engineers (ICE) has produced a report examining the impact the infrastructure industry has on the national economy and points to transport, communications, energy and housing as being central to spreading opportunity across the whole country.
ICE states that £1 of investment into infrastructure construction raises economic activity by £2.84, and the report also revealed that every 1,000 direct jobs created by the delivery of new infrastructure boosts wider employment by over 3,000 jobs.
ICE cites the amount the construction industry alone contributed to UK economy at £103bn, 6.5% of the UK’s total. In 2015/16, the Public Service Net Investment into infrastructure was c. one third of the previous year’s financial output, with investment totalling £34.4bn.
Across five key areas of Transport, Flooding, Energy, Water and Digital, over £223bn has been invested until 2021, on projects including the Road Investment Strategy and the National Infrastructure Delivery Plan.
ICE made 4 recommendations off the back of the report:
- Continuing to place infrastructure investment at the heart of economic policy
- Continuing to invest in long term infrastructure programmes
- Establishing the National Infrastructure Commission and delivering a National Infrastructure Assessment, supported by ICE’s National Needs Assessment
- Continuing to place infrastructure at the heart of plans for devolution
The report calls on the government to ensure infrastructure is an important factor during negotiations surrounding the UK’s ‘divorce’ from the EU.
ICE is calling on all members of the built environment sector to unite and help make the case for infrastructure by engaging in the #Commit2Infra conversation on Twitter, particularly tweeting, and including that hashtag, to their local MP, to ask for support for ICE recommendations.
Tweet @stride_recruit with #Commit2Infra to voice your thoughts on this.
See the full report here.