Osborne will announce investment in housing, roads and power stations at autumn finanicial statement this month

The government is sourcing £50bn of private sector funds to spend on infrastructure projects, the Sunday Times has reported.

Chancellor George Osborne will announce the investment on housing, road building and power stations in the growth strategy, to be unveiled alongside the autumn financial statement on November 29.

An update on the government’s infrastructure and housing strategies has been widely trailed, but a figure for the amount of investment is still to be confirmed.

It is reported the funds will be sourced with private sector money held by pension fund managers and insurance companies and will come on top of infrastructure projects already in the government’s pipeline.