UK Government Unveils 10-Year Infrastructure Strategy to Boost Economic Growth
The UK government is preparing to release its ambitious 10-year infrastructure strategy, designed to provide long-term economic stability, attract investment, and modernise vital national assets.
Chancellor Rachel Reeves has announced the forthcoming plan as part of her commitment to deliver a "renewal of Britain." The strategy will direct billions of pounds into essential sectors such as transport, affordable housing, green energy, healthcare, and education — laying the foundations for sustainable growth.
Reeves explained: “The people voted for change, and we intend to deliver it. For too long, core infrastructure like schools, hospitals, roads, and bridges has been neglected, limiting communities and holding back the economy. That era of managed decline ends today.”
The plan arrives during a challenging period for the UK economy. In April, GDP unexpectedly contracted by 0.3%, exceeding the forecasted 0.1% drop. The labour market has also shown signs of cooling, with job vacancies falling by 63,000 to 736,000 in the three months to May.
Many businesses continue to navigate higher costs following last year’s budget, and further tax increases remain under consideration ahead of the upcoming autumn statement.
As part of the recently completed spending review, the government committed major funding to back its infrastructure ambitions: £15.6 billion for transport improvements, £39 billion for social and affordable housing, and £30 billion to support nuclear energy projects. This includes £14.2 billion for the development of Sizewell C — the UK’s first state-funded nuclear power station in decades.
Reeves added: “We are rebuilding Britain’s future — brick by brick, road by road, and track by track. This strategy will fuel economic growth, create new jobs, put more money in people’s pockets, and restore pride in our communities as we deliver our Plan for Change.”
Becky Wood, CEO of the newly formed National Infrastructure and Service Transformation Authority (NISTA), which has been tasked with addressing structural challenges across the country’s infrastructure, commented: “Infrastructure supports every part of our lives — from the roads we drive on and the homes we live in, to the schools, hospitals and energy systems we rely on daily."
She continued: "This strategy is a vital step forward, offering businesses, investors, and communities much-needed stability. It directly tackles long-standing issues and opens new opportunities for growth. NISTA will play a key role alongside industry partners in delivering the government’s ambitious vision and driving transformational change.”
The launch of the UK’s 10-year infrastructure plan signals a significant shift in the country’s long-term economic strategy, with a clear focus on creating jobs, modernising public services, and building confidence for businesses and investors alike.