General Insurance Article - ABI welcomes the 10 Year Infrastructure Strategy

 On the publication of the 10 Year Infrastructure Strategy, Hannah Gurga, ABI Director General said: “Our industry is a key investor in the UK economy and we welcome publication of the government’s 10 Year Infrastructure Strategy. This provides a roadmap to help accelerate investment in infrastructure projects and unlock investment to spur growth. The launch of NISTA’s online Infrastructure Pipeline will be critical in providing investors with a clear and comprehensive view of the projects seeking finance.”

 On flood defence investment, Hannah Gurga, ABI Director General said: “The Government's commitment to more funding and a long-term framework to support flood defences is a welcome relief to homes and businesses across the country, and marks a crucial step in our race to adapt to a changing climate. Flooding continues to have a devastating impact, and we've long said that robust investment in defences and a clear, enduring strategy are vital to real, lasting resilience.

 “As the drive to build 1.5 million new homes gets underway, the government needs to carefully consider where and how these homes are built. Every house needs to be able to withstand flooding, extreme heat, stronger winds and subsidence, and must not be built in flood-risk areas. Only through sustained investment and proactive planning can we mitigate future risks and safeguard our communities against escalating climate threats.”

 HM Treasury 10-year Infrastructure Strategy