Infrastructure
Infrastructure
For the economy to flourish, people, goods and information must move freely. Businesses across all regions and industries need the right conditions to grow. Reliable infrastructure is essential to achieving this. Ensuring networks are integrated and resilient is vital. Failure to make the right choices at the right time, or pausing investment, risks not only growth but also the UK’s international competitiveness.
Over the centuries, the UK has had a great record of investing in world class infrastructure to underpin economic growth. From the earliest days, infrastructure has been built by a combination of public and private money, in ventures involving business and both national and local government. Private capital was given the incentive to invest in often cutting-edge technology, by the prospect of earning proper returns.
The role of the Government is to specify the infrastructure that is needed, identify the key barriers to achieving investment and mobilise resources, both public and private, to make it happen.
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