Analysis by KPMG has revealed a £38.9 billion jump in the value of the UK Government infrastructure and construction pipeline since March 2016. It also revealed that 60 percent of the £502.3 billion in pipeline value is predicted to be spent within the term of this Parliament, i.e. by 2020.
The report, National Infrastructure and Construction Pipeline – KPMG Analysis, reflects a total allocated value of £502.3 billion, from £463.4 billion in March 2016, and highlights that the largest changes in the pipeline are due to:
Allocated investment into energy, transport and utilities has remained largely consistent since the last pipelines (1st, 2nd and 3rd highest spends respectively). Combined they make up a total of 84 percent of the total pipeline, accounting to £419 billion in value.
Overall, 65 percent of spend is attributed to projects that benefit the whole of the UK (£326 billion) followed by the South at £71.9 billion and then the North at £47.8 billion. Spend per capita suggests equal funding per person between North and South.
Richard Threlfall, KPMG’s UK Head of Infrastructure, Building and Construction said: “This is the first time the Government has produced a combined infrastructure and construction pipeline. Our analysis confirms that there has been a significant increase in the value of that pipeline, and that energy and transport remain the biggest sectors and hence provide the best opportunities in the UK market. I expect infrastructure investors and the construction industry will both welcome having a comprehensive view of the spending plans of Government and utilities, covering both social and economic infrastructure.”
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