In the past week, the UK government announced its latest update for the National Infrastructure and Construction Pipeline, with the budget now a £600 billion investment over the next 10 years, a further £100 billion increase from that £500 billion committed to back in 2016.
This investment will cover a strong pipeline of projects in both the public and private sectors, helping to boost productivity and revolutionise British infrastructure.
Government confirmed that it has real appetite to develop infrastructure, and will encourage the sector to invest in the technology and skills to meet this demand. Andrew Jones MP, Exchequer Secretary to the Treasury, said: “We are backing Britain with a record amount of infrastructure investment as we build an economy fit for the future.”
Paul Waldeck, CEO and Founder of Waldeck, said: “It’s fantastic to see such a healthy infrastructure investment pipeline boost, which is positive news for the industry as well as our business, which is very well positioned to create high value solutions for the government’s planned investments, by deploying our unique digital offering to deliver successful outcomes at all stages of the project lifecycle.
“We have made significant investment over many years’ and our R&D advances and emerging products lines have been keeping us ahead of the market in terms of digital and technology solutions, so we are able to identify and develop capital and operational investment solutions for our clients, which are both cost effective and resource smart.”
An increase in national productivity, a key driver in the future pipeline investment and is why we see an emphasis on Modern Methods of Construction (MMC), such as off-site manufacturing, and modular construction which we will drive some of the future pipeline of projects.
Paul continued: “Off-site construction solutions are also set to grow rapidly now on the back of this Government investment commitment and recent directives on digital and MMC and with Waldeck being very early adopters of Building Information Modelling (BIM) for off-site focussed solutions, we are already positioned and ready to support the Governments’ ambitions and projects”
Acknowledgements: Construction Enquirer