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This month we consider recent research by the Confederation of British Industry, which has highlighted the importance of infrastructure to business growth in the UK.
Is infrastructure the key to the growth of UK business?
The third annual Confederation of British Industry (CBI) survey of over 500 business leaders has highlighted the importance of infrastructure to business growth in the UK. James Snape, partner in the projects team at Nabarro, looks at the opportunities for British businesses.
Click here to read the CBI report.
Background: The UK has become a more attractive place to invest in infrastructure since 2011 compared to other EU member states, according to the third annual CBI/KPMG infrastructure survey. However, infrastructure companies still rate Australasia and North America as better destinations. The report based on a survey of businesses of all sizes and industries, carried out in May to July 2013, looked at areas including digital infrastructure where the UK is seen as having a competitive lead and transport and energy infrastructure where it is felt to be internationally below average.
What are the most important results of the survey?
I think, overall, there are many positives to take away from this survey. It is heartening to see that the UK is still a good place to do business despite the lack of government support for many infrastructure projects. The survey highlights that having a plan for new infrastructure is positive and that there are some potentially exciting projects in the pipeline, albeit few are likely to be delivered in the remaining 18 months of this Parliament. What we ne
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