Britain Streamlines Infrastructure Approvals to Encourage Investment
- brg_news_room
- 1 day ago
- 1 min read
UNITED KINGDOM: Britain’s Treasury plans to make it easier to approve long-term infrastructure projects by cutting the public investment discount rate from 3.5% to 3%. The change, part of reforms to the government’s Green Book, will give greater weight to benefits that materialise over several years, potentially supporting investment in transport, housing and social infrastructure. The government will publish full details on the October 28 budget. The Treasury is also piloting a new approach that evaluates the economic potential of entire regions rather than individual projects. The pilot covers Plymouth, Liverpool, Birmingham and Port Talbot, aiming to encourage broader regional investment.
Source: Reuters
