An overview of the infrastructure investment announcements in the UK Budget 2016.

1. Budget 2016
Infrastructure Investment
Winning with

2. The UK Budget 2016 saw a continuation of the
Conservative Government’s commitment to
National Infrastructure.
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3. Following the National Infrastructure Commission’s focus on:
• Transport
• Housing
• Community Projects
• Energy
• Media
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4. The investment will boost local and
international businesses that rely on UK
infrastructure for trade, logistics and power...
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5. By funding key projects across various sectors,
including...
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6. Transport
• £61 billion pledged for the transport network over this Parliament.
• £300 million for improvements to northern transport connectivity.
• £151 million from the Local Majors Fund to fund transformative local transport projects.
• £151 million from the Local Majors Fund for the Lowestoft 3rd Crossing and the Ipswich Wet Dock
Crossing.
• £130 million extra to repair roads and bridges damaged by Storms Desmond & Eva.
• £80 million to develop Crossrail 2 (and asking TfL to match this investment).
• £75 million for a Trans-Pennine tunnel under the Peak District between Sheffield and Manchester, as well
as advancing the A66, A69 and north-west quadrant of the M60.
• Approving High Speed 3 between Leeds and Manchester.
• Launching the second Roads Investment Strategy, which will determine the investment plans for the
period from 2020-21 to 2024-25.
• Accelerating the upgrade of the M62 to a four-lane smart motorway.
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7. Housing
• £1.2 billion to local authorities for the Starter Homes Land Fund to remediate brownfield
land.
• £700 million extra investment in flood defence spending by 2020-21, including a £40 million
per annum increase in maintenance expenditure investment for flood defence schemes in
Leeds, York, Calder Valley, Carlisle and wider Cumbria.
• £250 million of capital spending from2017-19 for delivery of 13,000 affordable homes two
years early.
• £175 million ring-fenced funding for homes in East Anglia.
• Unlocking housing and jobs in the Cambridge-Milton Keynes-Oxford corridor.
• Red tape reduction on Garden Towns and consultation on a second wave of Compulsory
Purchase Order (CPO) reforms.
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8. Community Projects
• £1.8 billion (maximum) funding will be allocated through a further round of Growth Deals with Local
Enterprise Partnerships by 2017.
• A further £2 billion of the Local Growth Fund is being allocated through the Home Building Fund.
• £1.2 billion City Deal for the Cardiff Capital Region.
• £900 million for a devolution deal with East Anglia, over 30 years.
• £900 million for a devolution deal with the West of England, over 30 years.
• £125 million commitment to the Aberdeen City Deal.
• £50 million to the Quadram Institute.
• £14 million to the STEAMhouse Birmingham Arts Centre.
• £13 million to Hull UK City of Culture 2017.
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9. Energy
• £50 million pledged to innovate energy storage, demand-side response
and other smart technologies over the next five years.
• £100 million Network Innovation Competition to maximise energy
projects (the details of which will be discussed later in 2016).
• £730 million value of Contracts for Difference on renewables, up for grabs
in auctions; with the first auction of £290 million.
• £30 million for a Small Modular Nuclear Reactor SMR-enabling advanced
manufacturing R&D programme to develop nuclear skills capacity.
• Consultation on the Shale Wealth Fund.
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10. Media
• £20 million Institute for Coding competition continuation.
• £15 million for the National Institute for Smart Data Innovation in Newcastle.
• £14.5 million in grants to extend ultrafast broadband coverage in the South West.
• Assessing UK rollout of 5G, using a case study of the South West of England.
• Establishing a new Broadband Investment Fund, in partnership with private
sector investors, to support the growth of alternative broadband networks by
providing greater access to finance.
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11. UK Government says:
“We are giving the green light to High Speed 3 between Manchester and
Leeds; finding new money to create a 4-lane M62; and will develop the
case for a new tunnelled road from Manchester to Sheffield.
“We’re making the Northern Powerhouse a reality and rebalancing our
country.
““Across Britain this Budget invests in infrastructure – from a more resilient
train line in the South West, to crossings at Ipswich and Lowestoft in the
East – we are making our country stronger.”
Chancellor of the Exchequer, George Osborne MP.
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12. Industry says:
“We welcome the funding announced for further analysis of the Trans-
Pennine tunnel, HS3 and Crossrail 2. This should help provide clarity
around the commercial, technical and environmental feasibility of the
projects.
“Like with any mega-projects, these three projects have significant hurdles
to overcome and this will take time.”
PwC transport and infrastructure partner, Richard Abadie.
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13. So how can you prepare?
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14. To seize these opportunities you must keep
ahead of public sector contract news, leads
and intelligence.
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15. Tracker Intelligence offers Europe’s largest
database on public sector contracts,
opportunities and analysis.
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16. Tracker offers more contracts related to
construction and infrastructure projects
across the UK than any other provider.
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17. To discover more about how Tracker Intelligence
can boost your business visit
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