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Labour Government Launches £725bn 10-Year Infrastructure Investment Plan

It establishes the National Infrastructure and Service Transformation Authority to coordinate transport, energy, flood-defence upgrades through strategic investment aimed at boosting economic productivity.

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Overview

  • The government will invest £725 billion over the next decade to upgrade transport, housing, schools and hospitals.
  • The plan commits £14.2 billion to the Sizewell C nuclear power station alongside funding for small modular reactors.
  • Almost £8 billion is earmarked for flood-defence improvements in high-risk areas including Yorkshire and the Midlands.
  • A National Infrastructure and Service Transformation Authority will be established to deliver projects on time and on budget.
  • Public procurement rules will be overhauled to prioritise contractors that pledge to create British jobs and apprenticeship opportunities.