BUDGET 2016: Investment into infrastructure set out by the Budget could lead to a “golden period of regeneration” across the Midlands and North, says Mark Cleverly, head of commercial developers Arcadis.
He added the commitment would create renewed appetite for developers and investors in regional cities where poor transport links have affected economic growth and land values.
Cleverly said: “These announcements are likely to encourage the delivery of employment hubs and housing volumes across the UK as developers and housebuilders become increasingly confident about the returns on offer outside London. The outlook for population growth and prospects for development activity rippling out to the commuter towns and locations in the South East benefitting from Crossrail 2 now look very strong.”
Mac Alghita, managing director for Infrastructure at Arcadis, added: “It is clear that the recommendations of the National Infrastructure Commission have significantly influenced this budget and the industry should continue to support and provide advice to the commission as it takes more responsibility for defining the future of transport infrastructure in the country.”
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