Jonathan White, UK head of infrastructure, building and construction at KPMG responds to the announcement.
The chancellor announced plans in his Spring Statement today to launch a consultation into the ways Britain funds infrastructure projects.
Responding to the announcement, Jonathan White, UK head of infrastructure, building and construction at KPMG, said:
“Firms will welcome the chancellor’s review of how we fund Britain’s infrastructure projects, not least for the government’s commitment to being more flexible in the way they are financed.
“The UK has led the way on financing models in the past and the consultation will put the onus on businesses in the sector to help find new ways of fuelling investment in infrastructure. This in turn will have a real benefit for the infrastructure market and help to attract investment into the UK. Everyone benefits if the industry has more certainty about the way in which projects will be funded and structured in the future.
“Meanwhile, it seems as though transport and energy are set to be priority areas, which chimes with some of the country’s most pressing needs.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.