Chancellor Phillip Hammond has put extra infrastructure
investment at the heart of his Autumn Statement announcement. Among the new
spending pledges was £2.3bn for civil engineering infrastructure work like
local roads to pave the way for 100,000 new homes. A further £1.4bn will be
provided to deliver 40,000 new affordable homes. Treasury documents show the
Housing Infrastructure Fund will total £60m in 2017/18 rising each year to
£300m and £945m before hitting £1,425m in 2020/21. The money forms part of a
£23bn National Productivity Investment Fund to be spent on innovation and
infrastructure over the next five years. Read more on the Construction Enquirer
website.
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