Out-Law News 1 min. read
18 Sep 2012, 3:25 pm
The report said that businesses recognise the need for clear planning rules, but too often the planning system is seen as a barrier to development rather than an enabler of it.
The survey also revealed that 48% of companies believe recent Government policies aimed at simplifying the planning system, such as the National Planning Policy Framework (NPPF), will have no effect. It found that 45% believe the reforms will have a positive impact.
Of those surveyed, 82% said that tackling delays and costs in the planning system will have a significant impact in boosting private sector investment in infrastructure, while 76% said that attracting a broader range of investors is a key change needed.
The report said that businesses will be encouraged by the recently announced UK Guarantees scheme, under which Government will underwrite up to £40bn of infrastructure investment projects stalled by financial difficulties. The Government has recognised the need to stimulate investment and is willing to use strong balance sheet to good effect, the report said
"Businesses rely on infrastructure to get closer to their customers and supply chains, and the strength of their networks influences their ability to export and innovate. Companies will only succeed in the global economy with reliable connections to growing markets," said CBI director general John Cridland.
"But with tightening fiscal conditions and equivocal leadership, the government faces a significant challenge in attracting private investment," he said.
"The appointment of an Infrastructure Minister, the recently announced UK Guarantees Scheme and the Infrastructure Bill are all significant steps in the right direction," said UK head of KPMG Richard Threlfall. "Strong, clear direction by government will undoubtedly build confidence with private sector funders that UK infrastructure is a worthwhile venture."
The survey was conducted in June and July 2012 and was distributed to senior executives of companies from all regions of the UK. There were 568 respondents from businesses, including investors in, providers and users of infrastructure.
