Plan presents a positive vision of the future for the UK’s infrastructure requirements

Andrew Herring, partner at Eversheds, has commented following the unveiling of the UK government’s new plans for infrastructure spending.

Herring said: ‘Delivery has faced early challenges, but after decades of under investment and political timidity the National Infrastructure Plan 2013 presents a positive vision of the future for the UK’s infrastructure requirements, and is a real attempt to get to grips with the challenges we all know are there.

He added that successful delivery of the plan will require commitment and consistency from government and that ‘the detail needs to be right’.

Herring continued: ‘The use of the UK Guarantees Scheme, the Green Investment Bank, the open and encouraging approach to inward investment, and the announcement of the UK Insurance Growth Action Plan all set out a credible framework for effective delivery in the future.’