Skip to main content

UK Government to invest billions in road, rail and energy works

The UK Government is about to underwrite investments in road, rail and energy projects worth €38.94 billion (£33 billion), the Treasury has announced. A total of 40 projects have now pre-qualified for state funding through the UK Guarantees scheme - more than 50% of which are energy projects. The Government guarantees will represent part of the project's capital value. The British Government believes that investing in infrastructure will generate jobs, drive growth and help ensure that the UK remains
October 25, 2013 Read time: 1 min
The UK Government is about to underwrite investments in road, rail and energy projects worth €38.94 billion (£33 billion), the Treasury has announced.

A total of 40 projects have now pre-qualified for state funding through the UK Guarantees scheme - more than 50% of which are energy projects. The Government guarantees will represent part of the project's capital value.

The British Government believes that investing in infrastructure will generate jobs, drive growth and help ensure that the UK remains globally competitive.

Related Content

  • UK Highways Agency unveils additional spending plans
    April 12, 2013
    In the UKL the Highways Agency has announced plans for an additional 58 schemes intended to boost the economy, reduce congestion and improve safety. These schemes form part of the third, and final, stage of the Highways Agency’s pinch point programme. The 58 schemes represent an investment of €114.6 million (£98 million) and are intended to remove bottlenecks and keep traffic moving on England’s motorways and major A roads. They will be delivered by March 2015 and will bring an estimated €1.64 billion (£1.4
  • FIEC calls for coherent investment in Europe's infrastructure
    April 24, 2012
    The European Construction Industry Federation (FIEC) is calling on the European Governments to recognise the importance of investing in infrastructure. The FIEC says it recognises the challenging economic climate and the need for governments to cut unsustainable levels of public debt. But FIEC president Luisa Todini commented, “Austerity is however not a solution by itself.” Europe’s transport, energy and telecommunication networks are the backbone of the EU internal market, ensuring that goods and services
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
  • JCB invests in engine production
    March 2, 2012
    JCB has announced plans for a new €36 million engine development project in the UK. This investment will create around 350 jobs shared between its factories in the Midlands and Wales.