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

Christopher Webber and Adam Marshall

Journal of Urban Regeneration and Renewal, 2007, vol. 1, issue 1, 7-21

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.

Keywords: Infrastructure; transport; public finance; planning; Britain; urban; Planning-gain Supplement; devolution (search for similar items in EconPapers)
JEL-codes: R00 Z33 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jurr00:y:2007:v:1:i:1:p:7-21

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