Infrastructure investment catalyst economic success | KPMG | UK

Infrastructure investment is a vital catalyst for economic success

Infrastructure investment catalyst economic success

KPMG UK, comments on Prime Minister Theresa May’s proposals for a Modern Industrial Strategy.

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Richard Threlfall, head of infrastructure, building and construction at KPMG UK, comments on Prime Minister Theresa May’s proposals for a Modern Industrial Strategy. He said:

"I welcome today's clear articulation by the Government of its industrial strategy and in particular the recognition that infrastructure and R&D investment are vital catalysts for economic success.

“The openness of the Government's invitation to support sectors which can unite under strong leadership is also to be applauded, but will present a challenge to the construction industry whose voice in Government is fragmented.

“Substantial infrastructure investment is critical if the UK is to remain competitive in a post-Brexit future. The industry will be keen to know quickly the identity of the major new infrastructure proposed; and will be disappointed if it transpires that these are ones which have previously been announced.”

ENDS

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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