New analysis shows Planning and Infrastructure Bill could boost economy by billions

According to new analysis, the Planning and Infrastructure Bill could benefit the economy by up to £7.5 billion over the next 10 years.

The Planning and Infrastructure Bill’s Impact Assessment has shown that lower costs for businesses, fewer delays and more certainty could lead to further investment and provide an additional boost to the economy.

Deputy prime minister and housing secretary, Angela Rayner said: “Getting Britain building will not only boost economic growth but ensure we deliver the homes and infrastructure working people deserve.

“This landmark pro-growth Bill will get spades in the ground and the foundations laid for a new generation of homes, as we deliver on our Plan for Change.”

The analysis has been given a ‘green rating’ by the Regulatory Policy Committee - meaning the assessment is considered robust and fit for purpose by the independent scrutiny body that considers them.