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Building has launched a new campaign called Funding the Future to examine fresh ways of attracting and using finance to boost construction projects at a time of constrained public finances.
The initiative will examine options for public private partnerships which can draw in private capital to pay for large infrastructure projects, schools, prisons, hospitals and housing.
It will also look at existing models for private and public funding and examine how these can be optimised to ensure funding leads to more shovels in the ground.
Over the next few months we will share learning and collect ideas from readers. This will culminate in a special report to be published at our Building the Future Live Conference in London on 2 October.
Tell us your ideas for attracting private funding into public projects by emailing carl.brown@assemblemediagroup.co.uk. To find the campaign on social media follow #Buildingfundfuture.
HS2 contracts rushed into while client needed to make more use of ‘negotiating levers’ such as retendering jobs, official review finds
Report by James Stewart adds much of inflation on jobs should be risk ‘retained by government’
Treasury adopts ‘bespoke’ approach for funding and governing so-called 'mega-projects' like HS2 and Sizewell C
Office for Value for Money says such schemes, which cost more than £10bn and run for longer than a decade, are currently ‘not set up for success’
Industry welcomes government’s 10-year infrastructure strategy
Plan sets out how £725bn will be spent on infrastructure over next decade
![James Stewart[1].jpg](https://d3sux4fmh2nu8u.cloudfront.net/Pictures/415x277/2/3/1/2006231_jamesstewart1.jpg_557707_crop.jpeg)
Construction industry ‘not in a fit state’ to deliver HS2, says official review author
James Stewart tells Building government needs to ‘proactively’ build capacity in the sector to avoid repeat of HS2 failures
Critical maintenance spend to rise to £10bn a year in decade-long infrastructure strategy
Chancellor’s deputy sets out planned £752bn investment in infrastructure over next decade
Devolution can be a catalyst to unlock private finance
As part of Building’s Funding the Future series, Stuart Howie, principal and head of regeneration at Avison Young, considers the role of devolved authorities in attracting investment
Why the government is looking to the Thames Tideway project for ways to fund £14.2bn Sizewell C
The private financing model known as RAB is to be used to raise cash for the new nuclear power station, reservoirs and the Lower Thames Crossing. Joey Gardiner looks at lessons learnt on the Thames Tideway project to find out why RAB is now all the rage
Government launches National Housing Bank with £16bn to invest in delivery
Bank will be a subsidiary of Homes England and will make long-term investments in building new homes
Industry demands ‘clarity, certainty and reality’ from infrastructure strategy as government poised to announce £750bn blueprint
Funding boost for Lower Thames Crossing to be included in government’s announcement
What will the Treasury’s Green Book review mean for construction?
Boris Johnson’s 2020 review of the Treasury’s appraisal process for government investments led to some improvements in how value in schemes is judged, but a new review commissioned by Labour this year has found that many of the old practices remain embedded. Rachel Reeves has said she wants to go ...
The chancellor’s £39bn boost buys time for social housing – now innovative private finance models must help deliver at scale
The Labour government is prioritising funding for grant-heavy, and much-needed, social rented homes while also promising to ramp up delivery to 1.5 million homes a year. Innovation to draw in private finance can help square the circle, says Carl Brown
Five things to watch out for in the spending review
Tomorrow’s announcement will have huge implications for housing and infrastructure, but defence and health commitments mean cuts will have to fall somewhere. Daniel Gayne reports
Learning from the land of opportunity: Could a US-style system of low income tax credits boost affordable housing in the UK?
The government is on the hunt for ways to fund affordable housing without increasing short-term public borrowing. A group of activists and researchers believes there is a solution in operation across the Atlantic. As part of Building’s Funding the Future series, Carl Brown finds out more
Government commits £14.2bn to Sizewell C ahead of spending review
Chancellor heralds ‘biggest nuclear building programme in generation’
Government to spend £15bn on transport projects outside the South-east
Schemes include jobs in Liverpool, Bradford and Newcastle
Spending review ‘make or break’ for 1.5 million homes target, influential MP tells Treasury
Select committee chair raises concern over claims MHCLG will face reduced funding as an ‘unprotected’ department
Building announces panel of experts to inform its Funding the Future coverage
Figures with experience in public-private partnership models to look at fresh financial approaches that could unlock vital infrastructure works
If I were the chancellor… (or how to finance infrastructure when there’s not enough money)
Bold action will be required if the government is to deliver on its eagerly anticipated infrastructure strategy. Some kind of public-private partnership could well be the best way forward, writes Beth West
What will the infrastructure strategy say about private finance?
As well as setting departmental capital budgets for rest of the parliament, this month’s spending review will also be followed by a long-awaited infrastructure strategy that will determine the future of private finance on public projects. Joey Gardiner reads the tea leaves
We need a new and fair infrastructure funding model now if we are to build for the future
Delivering critical infrastructure and public facilities is a complex process that carries huge risk for small rewards. That system has to change, says John Wilkinson, chief operating officer at BAM UK & Ireland
What the Lower Thames Crossing and Euston station projects say about the government’s private finance plans
The government has said it will fund the giant Euston station and Lower Thames Crossing schemes using private finance. With the Treasury mulling a broader injection of private capital into public projects, Joey Gardiner examines how ministers are going about it – and the prospects for success
What would a new generation of PFI mean for construction?
Browne Jacobson partner Craig Elder boils down some of the issues discussed at last week’s meeting of the Public Accounts Committee as the government considers launching a new generation of PFI to pay for its 10-year infrastructure programme
Wates says reborn PFI should be used to build swathe of schools and hospitals
Chancellor mulling whether to reboot initiative which has been mothballed since 2018
Housing groups call on Rayner to remove tax and regulations ‘disadvantage’ to attract more finance for social housing
Group tells deputy PM that for-profit sector could increase equity fundraising to £3bn a year, leading to 30,000 new homes annually
Lessons must be learned from past PFI failures, government infrastructure advisor warns
Comments from NISTA’s Matthew Vickerstaff come as ministers weigh up benefits of relaunching initiative next month
Bond aggregator backs Housing Today and G15’s report calling for new housing funding model
MHCLG and Treasury officials are in dialogue with sector leaders about amortised grant
Are Starmer and Reeves ready to gamble on PFI to fix our broken infrastructure?
If past mistakes can be avoided, some kind of private finance initiative may be the best way to build promised new public sector facilities and also solve the £49bn maintenance backlog, writes Denise Chevin.