Infrastructure Insight: The UK

Infrastructure Insight: The UK

  • April 2018 •
  • 52 pages •
  • Report ID: 4049471 •
  • Format: PDF
Synopsis
The report provides a detailed analysis of the infrastructure sector in the UK, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors, and the major projects in the construction pipeline.

The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports.

Summary
The UK infrastructure industry is expected to continue to grow over the forecast period (2018–2022).

The total value of the infrastructure construction market reached GBP50 billion (US$63.9 billion) in 2017, according to the Infrastructure Intelligence Center (IIC) – up from GBP37.2 billion (US$47.6 billion) in 2012 – and it will rise to GBP64.6 billion (US$82.6 billion) in 2022 (in nominal value terms).

This growth in spending is based on the assumption that a number of large-scale transport and power projects move ahead as planned, including the High Speed 2 (HS2) rail network, the Hinkley Point C nuclear power station and the expansion of Heathrow Airport.

Scope
A concise analysis of the administrative, economic and political context for infrastructure in the UK.

An in-depth assessment of the current state of infrastructure in the UK, including roads, railways, electricity and power, water and sewerage, communications, airports and ports.

Five-year forecasts of construction output for each sector, and an analysis of the project pipelines, with details on all major projects, their funding mechanisms and leading contractors.

A focus on main political and financial institutions involved in the infrastructure market, as well as the competitive and regulatory environment.

Reasons To Buy
• Assess the current state of the UK infrastructure, and the main drivers of investment, including the key institutions and financing methods.
• Investigate forecasts and gain an understanding of key trends in each of the main infrastructure sectors.
• Analyze the main project participants operating in each sector, to better understand the competitive environment.
• Identify top projects by sector, development stage and start date, to inform expansion strategy.

Key Highlights
The IIC is currently tracking 498 large-scale infrastructure construction projects in the UK, at all stages of development from announcement to execution. These projects have a total investment value of US$609.5 billion.

The electricity and power sector accounts for the largest share of the project pipeline, with a total project value of US$297.8 billion. This is followed by railways, with a pipeline value of US$169.8 billion. The pipeline for airports and other infrastructure projects amount to US$68.1 billion, while for road projects it stands at US$64.2 billion. For water and sewerage projects, it totals US$9.5 billion.

The public sector will directly fund around 40% of the overall infrastructure construction project pipeline, according to the IIC, with a further 18% being a mix of public and private funding mechanisms. The private sector will fund the remaining 42% of the pipeline, with much of this related to projects in electricity and power.

The government is pressing ahead with its 2016–2021 National Infrastructure Delivery Plan (NIDP). In the 2017 Autumn Budget, the government set out further increases in capital spending, including through the National Productivity Investment Fund (NPIF), which the government is extending into 2022–2023 and increasing its size to GBP31 billion (US$39.6 billion). The NPIF aims to upgrade the country’s infrastructure networks and increase productivity while capitalizing on the availability of new technologies.
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