Responding to the release of the Government’s new 10-year Infrastructure Strategy, John Dickie, Chief Executive at BusinessLDN, said: “The Government’s recognition that Britain needs a clear, committed, long-term pipeline of future public investment to give the private sector the confidence to invest is very welcome. So too is the integrated approach to funding infrastructure across government, which will help the wider public sector and private sector take a whole-place approach to driving growth.
“In particular, we welcome the Government’s recognition of the importance of investment in London to support national growth, the commitment to work with the Mayor in developing an investment fund to support housing growth and the creation of a Development Corporation for Euston.
“We also welcome the Government’s commitment to new public-private partnerships where they can deliver value. These need to be combined with innovative funding reforms – for example using land value capture to part pay for the infrastructure which enables that land to be developed – to drive growth. We look forward to working with the Government to turn these ambitious plans into an effective delivery programme that drives jobs and growth.”