The Labour Government has announced of £725bn for long-term funding for maintenance and major projects. The money comes as part of the recent Infrastructure Strategy, a long-term plan for how the government will invest in infrastructure and ensure that funding is spent effectively and efficiently, marking a new approach to how projects are planned and delivered.
I welcome the Infrastructure Strategy because it is about investing in Britain’s renewal – to improve lives, enhance public services, and create the conditions for growth in Wycombe. The decisions we’ve taken have only been possible because of difficult choices we’ve made on tax and spending and because we have removed barriers to growth. This funding that this government has put towards rebuilding our schools, hospitals, transport infrastructure, and deliver on our promise of 1.5m new homes.
The soaring maintenance backlog which has left our schools, colleges, hospitals and courts in a state of disrepair will be turned around as part of the government’s landmark 10 Year Infrastructure Strategy. This government is committed to doing things differently to deliver infrastructure and fix the failures of the past. The Strategy provides the certainty and stability needed to attract investment, boosting British supply chains and jobs, and takes a joined-up view to improve planning and delivery across all types of infrastructure.
It will also encourage inward investment by providing a long-term vision that gives investors the confidence and certainty they need to truly commit funding to projects, creating job opportunities and boosting living standards for people across the country, delivering on the Plan for Change.
I’m very grateful that Buckinghamshire is finally getting the support it needs after 14 years of chaos and underinvestment.