The Autumn 2017 Budget—infrastructure and housebuilding announcements

The Autumn 2017 Budget—infrastructure and housebuilding announcements

Chancellor of the Exchequer, Philip Hammond delivered his first Autumn Budget on 22 November 2017, after annual Budget announcements moved to publication in Autumn, rather than Spring. The LexisPSL Planning and Construction teams bring together the most important features for the infrastructure and housebuilding sectors.

The full text of the Autumn Budget 2017 is available here.

What are the Budget’s headlines for infrastructure and housebuilding?

Infrastructure

Much was said about existing efforts to invest in infrastructure: Crossrail and HS2 were mentioned as specific examples of how the government is supporting infrastructure growth. New announcements include:

  • an increase in the National Productivity Investment Fund from £23bn to £31bn, to support innovation, upgrade infrastructure and underpin the government’s modern Industrial Strategy
  • an update to the National Infrastructure and Construction Pipeline (NICP) in December 2017, setting out a projection of public and private investment in of around £600bn. The NICP was last updated on 5 December 2016 (see Practice Note: The National Infrastructure Delivery Plan 2016–2021)
  • use of the government’s purchasing power to drive adoption of modern methods of construction, such as offsite manufacturing (the Department for Transport, the Department of Health, the Department for Education, the Ministry of Justice, and the Ministry of Defence will adopt a presumption in favour of offsite construction by 2019 across suitable capital programmes)
  • a programme for new homes and infrastructure in the Cambridge-Milton Keynes-Oxford corridor. This follows the National Infrastructure Commission’s (NIC) report on this topic published on 17 November 2017 (see: LNB News 20/11/2017 41)
  • backing for the Northern Powerhouse and Midlands Engine with a new £1.7bn Transforming Cities fund, half of which

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