Lord Heseltine unveils proposals for infrastructure boost | 31 October 2012
Lord Heseltine has called on the government to put in place a solid national growth strategy, which includes funding for infrastructure, dailymail.co.uk reports.
The Conservative peer, who was asked last March to offer ways in which the country’s economic growth could be boosted, has since urged government to create a single £49 billion funding pot, sourced from existing Whitehall budgets, which could then be used to finance housing, skills, training and infrastructure projects. Local regions would then be able to apply for funds through their Local Enterprise Partnerships (LEPs).
Elsewhere in the report, titled ‘No Stone Unturned in Pursuit of Growth’, Lord Heseltine has called on chancellor George Osborne to do more to boost spending on infrastructure projects around the country. This is one of 89 recommendations, which also includes putting greater importance on the development of the Thames Gateway.
The government is yet to officially comment on the proposals, but civil engineers have already offered their support, with many having previously argued for LEPs to focus greater attention on infrastructure.
Speaking to constructionenquirer.com following the announcement, Alasdair Reisner, director of external affairs at the Civil Engineering Contractors Association explained: “CECA has been working with government and others in recent months to try to unlock projects at a local level around the country.
“Heseltine’s recommendations seem to support this work, fostering an environment where local communities will be better able to deliver the priorities for their area.”
Written by David Howells on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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