Latest news with #NationalInfrastructureandServiceTransformationAuthority
Daily Mirror
19-06-2025
- Business
- Daily Mirror
Rachel Reeves announces huge boost for crumbling schools, hospitals and courts
Britain's crumbling schools, hospitals and courts will receive billions of pounds of investment after years of Tory neglect, the Government has announced. Today Chancellor Rachel Reeves unveils a 10-year plan to finally tackle soaring maintenance bills. The Government has pledged £10billion a year to repair public buildings over the next decade. On top of this there will a huge £725billion in longer-term funding, with hundreds of schools set for sweeping rebuild projects. This will include a £38billion boost for England's schools by the end of the decade. The Chancellor has pledged that investment in schools, which were left reeling by the dodgy concrete scandal two years ago, will hit nearly £3billion a year by 2035. Ministers have pledged to make sure the failings of the botched HS2 project are never repeated. The Government has set out its 10 Year Infrastructure Strategy, which it says will provide much-needed certainty to attract investment and jobs. Progress will be monitored by the Government's new National Infrastructure and Service Transformation Authority (NISTA), which was set up earlier this year. A damning report by the National Audit Office earlier this year said it would cost an enormous £13.8billion to repair the country's schools. In August 2023 more than 100 school buildings were ordered to shut because reinforced autoclaved aerated concrete (RAAC) had been identified. The lightweight material - which is cheaper than sturdier concrete - has been used in public buildings since the 1960s. Today the Government said it is giving a long-term commitment to improve the standard of school buildings. The School Rebuilding Programme will include an investment of nearly £20billion over the next decade. This will fund rebuilding projects at over 500 schools in England, while a further 250 will be identified in the next two years.
Daily Mirror
14-06-2025
- Business
- Daily Mirror
Rachel Reeves to unveil £725 billion plan to 'rebuild Britain's foundations'
Labour's 10-year infrastructure strategy will include upgrades for transport networks, hospitals, schools and local facilities, as well as a boost to affordable house building Rachel Reeves will vow to rebuild Britain's foundations this week, unveiling Labour 's 10-year infrastructure strategy. The £725 billion plan will include upgrades for transport networks, hospitals, schools and local facilities, as well as a boost to affordable house building. 'The British people voted for change – and this is how we deliver it,' the Chancellor said. 'For too long, our infrastructure – our schools and hospitals, or our roads and bridges – have been left to crumble, holding back communities and stunting economic growth.' She added: 'This was a dereliction of duty by previous governments overseeing an era of managed decline, but it ends with this one.' It follows last week's Spending Review, which committed £15.6 billion for transport upgrades, £39 billion for social and affordable housing and £14.2 billion for Britain's first state-funded nuclear power station in a generation at Sizewell C. Ms Reeves added: 'We are investing in Britain's future, brick by brick, road by road and track by track. The Strategy will rebuild people's pride in their homes, while growing the economy, and putting more money in people's pockets as we deliver our Plan for Change.' Becky Wood, Chief Executive Officer of the National Infrastructure and Service Transformation Authority (NISTA), said: "Infrastructure is the backbone supporting our nation - from the roads that connect us to the houses we live in, and from the schools and hospitals that serve our communities, to the energy networks that power our lives. _ "This strategy is a decisive step forward for our nation's infrastructure, providing the stability that businesses, investors and communities need, as well as tackling head on the fundamental issues that the sector has experienced over recent years. _ 'NISTA, alongside partners in industry, will be at the very heart of helping to deliver what is set out in the strategy, embracing the abundance of opportunities it outlines, driving forward the ambition and enabling transformational change."
