CBI welcomes £3 bn Government capital spending programme

“The CBI had been calling on the government to accelerate planned public capital spending programmes where possible. We, therefore, welcome the announcement in the Pre-Budget Report that £3 billion of capital spending is being brought forward from 2010/11.

“Not only will this give the construction industry a much needed shot in the arm, it will lead to increased motorway capacity, more social housing, primary and secondary schools being renovated, as well as investment in energy efficiency measures.

“In order to avoid projects being held up by procurement and planning delays, the CBI is calling for the creation of a new post of Chief Construction Officer to drive action across the government sector.”