In this updated PwC and Oxford Economics report ‘Capital project and infrastructure spending: Outlook to 2025’, we look at the key statistics related to current and future infrastructure spending in the UK and which sectors will be most impacted.
Since the start of 2013 the UK economy has been growing at a relatively strong rate, and in 2014 total infrastructure spending reached £72bn ($119bn).
The outlook for the UK economy is relatively strong compared with many European countries: the UK's share of European infrastructure investment is expected to increase from 22% in 2014 to 23% in 2025, with total spending reaching £110bn ($182bn) by 2025.
The composition of this spending is likely to look somewhat different though, with transportation and utilities infrastructure becoming growing investment priorities, while extraction and telecoms diminish in importance.
Conversions calculated using current 2015 $:£ exchange rate.