Government launches British Infrastructure Taskforce

Chancellor Rachel Reeves has convened the inaugural meeting of the British Infrastructure Taskforce.

This is part of a new approach that involves government working with business to design policy that will unlock private investment, including by building business confidence in UK infrastructure investments.

The Taskforce will be exploring different options to support the Government's infrastructure goals to drive growth for the whole of the nation.

The meeting comes after the announcement to launch a newly formed National Infrastructure and Service Transformation Authority (NISTA) which will bring oversight of strategy and delivery under one roof.

The NISTA will support the development and implementation of the ten-year infrastructure strategy.

Reeves said: "Increasing investment in infrastructure is a vital part of delivering on our number one mission to grow the economy and create jobs.

"Just days after our International Investment Summit, we are delivering on our promise to work with business to drive growth across the country, and the expertise of this Taskforce will be invaluable in the weeks and months ahead."

Chief secretary to the Treasury Darren Jones MP said: "We are serious about ending the cycle of underinvestment that has plagued our infrastructure systems for over a decade. The best way to do that is to design the solution with business in the room. That’s what this taskforce is all about."