Why a joined-up approach to infrastructure and investment is critical to economic success.
In the age of globalisation, greater connectivity and digitalisation, infrastructure is more important than ever as a driver of economic growth. The quality and availability of infrastructure helps to determine the pace, the scale and scope of industrial and economic activity that takes place in our cities.
The UK’s 10 Core Cities deliver 25% of the nation’s economy and are home to 19 million people. Their importance as economic hubs has been acknowledged by successive governments, reflected in devolution policy. However, without sustained investment in UK infrastructure, and a more joined up approach to connected cities, they are unlikely to achieve their potential.
To optimise growth and to create a balanced UK economy, national policy needs to address the different growth and spending challenges that each of these regional economic hubs faces and, in particular, the Northern Powerhouse and 'Midlands Engine' initiatives.
To help fuel the infrastructure debate we have produced an independent survey into the infrastructure requirements of the core cities and what investment might mean for productivity and business growth. The focus of this report will be on some aspects of infrastructure investment that will unlock and enable the development of commercial property, namely road, rail, international connectivity and digital connectivity. Click here to download a copy.
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