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Bridging the gap: Delivering infrastructure investment in Britain's cities

Author

Listed:
  • Webber, Christopher
  • Marshall, Adam

Abstract

High-quality infrastructure is a critical component of strong economic performance. Yet the UK has underinvested in its infrastructure for decades — especially transport. The Government has started to turn this around, but big problems persist. Britain's cities still face a major infrastructure funding gap and a delivery system that is both over-centralised and overly complex. This policy note suggests three principal actions to central and local government: *lpar;1) find innovative and effective new ways of drawing private sector finance into infrastructure investment; (2) give local leaders the financial levers required to address their infrastructure needs; and (3) simplify the UK's infrastructure delivery system.

Suggested Citation

  • Webber, Christopher & Marshall, Adam, 2007. "Bridging the gap: Delivering infrastructure investment in Britain's cities," Journal of Urban Regeneration and Renewal, Henry Stewart Publications, vol. 1(1), pages 7-21, August.
    • Handle: RePEc:aza:jurr00:y:2007:v:1:i:1:p:7-21
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    More about this item

    Keywords

    Infrastructure; transport; public finance; planning; Britain; urban; Planning-gain Supplement; devolution;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z33 - Other Special Topics - - Tourism Economics - - - Marketing and Finance

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