02 Dec 2014Diane Abbott MP
To ask Mr Chancellor of the Exchequer, what estimate he has made of the value of investment in infrastructure in (a) London and (b) England in the last three years; and if he will make a statement.
Answered by Danny Alexander MP on 9th December 2014
The government recently published the National Infrastructure Plan 2014, setting out the government’s record on delivery since 2010 and a clear plan for each of the economic infrastructure sectors. It is underpinned by a pipeline detailing £466 billion of planned public and private investment to 2020 and beyond.The government does not hold data on the exact number of jobs associated with infrastructure projects in London, many of which will be delivered by the private sector. However, government analysis based on ONS data suggests that infrastructure investment could directly support 5,000 construction jobs for every £1bn spent, as well as many more indirect jobs.