In advance of the summer recess and following close behind the Summer Budget the Government published a new Productivity Plan (the Plan). This confirmed that the Government would continue with its National Infrastructure Plan as part of a productivity package. The updated National Infrastructure Pipeline (Pipeline) has now also been published setting out priorities for transport, energy, flood defence, water, waste, communications and science projects.
The updated Pipeline reports that annual spending figures are expected to average around £48 billion over the next five years across 265 programmes and with 299 projects in the pipeline. It also reports that the two largest sectors are Energy (£245 billion, 60 percent of the pipeline’s value) and Transport (£127.4 billion, 31 percent), accounting for 91 percent of the pipeline’s total value.
The Productivity Plan's policy initiatives are based around two ‘pillars’: encouraging long-term 'public and private' investment and 'promoting a dynamic economy'. They cover 15 areas including tax, skills, infrastructure, planning reforms, transport, trade, higher education, science and devolution.
Summarised below are selected measures announced in the Summer Budget, the Productivity Plan and subsequently with the potential to impact parties engaged with the town and country planning and infrastructure planning systems, together with the anticipated implementation date where this is known at the time of writing.
Click here to view the table.