Source · Select Committees · Public Accounts Committee
Recommendation 14
14
The UK faces unprecedented scale of projected major infrastructure investment over the next five years.
Conclusion
As set out above, in March 2023, the value of the Government Major Projects Portfolio in terms of total whole-life costs was £805 billion. With major projects in the transport and energy sectors and programmes or projects to build new schools, hospitals and prisons, the UK’s projected spend on infrastructure projects over the next five years is very high. According to the IPA, which oversees major projects and infrastructure investment for government, the scale of investment is unprecedented, with the UK building more than it ever has.15