Britain eases infrastructure approval rules to boost investment
The revised guidance aims to give long-term transport, housing and social projects a fairer hearing, with pilots in four cities.
- On Friday, Britain's Treasury announced it would cut the discount rate used to evaluate public infrastructure projects from 3.5% to 3%, aiming to boost national investment.
- Reforms to the Treasury's "Green Book"—the manual dictating capital project approval—adjust how government calculates long-term value, as discounting treats £100 today as worth more than future promises.
- The Treasury intends to give transport, housing, and social infrastructure projects a "fairer hearing" by prioritizing long-term benefits, while testing a new area-based economic assessment approach.
- Finance minister John Healey is scheduled to deliver his first major speech in this role on Monday, where he is expected to outline specific details of the government's investment plan.
- Pilot testing for this economic assessment approach is underway in Plymouth, Liverpool, Birmingham, and Port Talbot, with the government planning to publish full details at the budget on October 28.
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Britain eases infrastructure approval rules to boost investment
Britain's Treasury said on Friday that it would lower a key rate used to evaluate the long-term benefits of investment in public infrastructure projects as part of plans to boost investment across the country.
The British Treasury Department said that it would reduce a major rate used to assess the long-term benefits of investment in public infrastructure projects, as part of plans to promote investment across the country. In a statement explaining the amendments to the guide to the Green Book governing the approval of capital projects, the Treasury Department stated that the discount rate used to assess public spending would be reduced to 3%. [...] T…
Britain cuts infrastructure appraisal rate to boost investment
Investing.com -- Britain will lower the discount rate used to assess long-term public infrastructure projects to 3% from 3.5%, the Treasury said on Friday, as the government seeks to encourage investment across the country. The change forms part of reforms to the Treasury's "Green Book," which…
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