The Autumn Statement has seen a big boost to road expenditure, with a commensurate increase in opportunities for new Concrete barrier construction.
The highlights are;
- £1.1bn extra investment in English local transport networks
- £220m to reduce traffic pinch points
- £23bn to be spent on innovation and infrastructure over five years
- £2bn per year by 2020 for research and development funding
- £110m for East West Rail and commitment to deliver Oxford to Cambridge Expressway
- More than £1bn for digital infrastructure and 100% business rates relief on new fibre infrastructure
- £1.8bn from Local Growth Fund to English regions
Early indications are that the spend will not be concentrated just on HE schemes but spread to non-motorway providers giving a wider customer base for our barrier products. The other parts of the UK, Wales, Northern Ireland and Scotland benefit proportionally too.
BBS will keep a close watch on how this spend is being realised and will keep its Licencees and customers briefed.