- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 02 Oct 2017
Safeguarding infrastructure post-Brexit
[Image: Manchester’s Metrolink expansion received £500m from the European Investment Bank, with billions more going to other UK projects]
The group’s 3 point plan:
Clarity on the UK's future relationship with the European Investment Bank (EIB) should be an immediate priority in forthcoming negotiations. The EIB is a key anchor investor in infrastructure. From 2012-16 it invested over €30bn in UK projects.
Government should consult with industry now on alternatives for filling any potential investment gaps left through loss of UK membership to the EIB. This should include the potential for a UK investment bank to replace EIB funding.
- Avoid a self-inflicted skills crisis
Government should guarantee the status of existing EU nationals currently working in the UK. A rapid reduction in EU nationals employed in construction would put major projects at risk. In London alone, 27% of construction jobs are currently filled by EU nationals.
- Use industrial strategy to exploit the UK’s emerging status as a global leader in infrastructure innovation and technology
“The EIB has been a vital part of the investment mix, acting as a critical anchor investor, funding billions of UK infrastructure projects and attracting other sources of funding. If we are at risk of losing this source of investment, the Government should start consulting with industry now on alternative options, including the potential for an infrastructure investment bank. This will send a clear signal to the market, and help consolidate the UK’s reputation as a global leader in infrastructure delivery.”
The group was formed after June 2016’s EU referendum and is developing a series of policy briefings to keep infrastructure at the centre of the Brexit negotiation process. These cover investment, codes and standards, research and innovation, and skills and procurement.
This article was originally published here on 26 Mar 2017 by ICE. It was written by Ben Goodwin.
 Find out more
 Related articles on Designing Buildings Wiki
- Articles by ICE on Designing Buildings Wiki.
- Brexit - the case for infrastructure.
- Brexit Topic Guide.
- Building an industrial strategy.
- Key Brexit challenges facing infrastructure and construction.
- Overcoming the challenges of Brexit.
- Place infrastructure at the heart of economic policy.
- Post brexit, house building and construction remains a safe sustainable industry.
- Post-Brexit vision for construction.
- Triggering article 50 of the Treaty of Lisbon.
- What does Brexit mean for construction?
Featured articles and news
RIBA launches a consultation on a new Plan of Work for Fire Safety.
This article offers some basic rules to follow when writing your next specification.
The iconic Mackintosh Building will definitely be rebuilt, board chairwoman confirms.
The machinery used to fashion stone has changed dramatically - and so have the products.
This type of pile provides support to the building, as well as acting as a heat source and a heat sink.
Why investors are adopting the SDGs and why civil engineering could be crucial for delivering them.
Read about all the winners from the London ceremony of CIAT's 2018 Architectural Technology Awards.
How do you find the right stone to conserve historic buildings?
Appointment agreements often include a ‘scope of services’ setting out the consultant's performance on a project.
BSRIA study shows an increase of pre-terminated fibre connectivity.
Director of PiP Architecture explores the application of biophilic design principles.