Boxwood: Future Looks Bright for Infrastructure Sector but Post-Election Turmoil Threatens to Cause Chaos

  • New projects are driving optimism, growth and jobs
  • But without buy-in from an aligned Government opportunities could be squandered

LONDON--()--Boxwood, the award winning management consultancy, today launched an indepth industry-wide research paper on the future of UK infrastructure, following consultation with the largest companies in the sector including Network Rail, Balfour Beatty, Serco and Costain. Detailing the main themes that are driving growth and shaping strategy, the paper is a snapshot of an industry on the brink of huge change at a time when political uncertainty risks industry-wide opportunity being squandered.

Commenting on the findings, Toby Ashong, Head of Infrastructure at Boxwood said: “As a sector, infrastructure has never had it so good with recognition of an urgent need for investment in energy and transport, and increased spending in almost every area. The pipeline of major projects such as CrossRail, HS2 and planned airport expansion could be driving enormous investments in skills, technology and innovation whilst internationally the UK infrastructure sector is seen as an attractive market with a stable and trusted regulatory framework. Unusually, we head towards this General Election with a widely pre-agreed list of necessary infrastructure projects. However, with the prospect of an ambiguous political outcome, complacency would be unwise since without strong leadership from Government and industry this bright future could be wasted.”

The report reveals that the current momentum in the sector is creating opportunities in three main areas:

  • Exploiting data and communications technologies to transform how infrastructure is designed, built and managed
  • Building national capabilities in key core skills to service our own project pipeline and to export elsewhere
  • Better engagement and communication to transform the relationship with customers of infrastructure

In order to make the most of these opportunities, however, there needs to be strong leadership both from the Government, to provide clarity, commitment and certainty over the pipeline and associated funding models; and from industry leaders to step up, take ownership and become champions of these issues. This requires a certain level of collaboration that may not come naturally to a traditionally fragmented and adversarial industry.

Commenting in the report, Stephen Burgin, Regional Vice President (Northern and Central Europe), Alstom Power said: “As an industry, we rely too much on a few brilliant leaders that stick their heads above the parapet. The rest of us are too conservative and cautious.”

Toby Ashong concluded “Only by working together, with a strong backing from Government, can the infrastructure industry capitalise on a potentially golden new era to make an even bigger contribution to the growth of the UK economy. We simply cannot afford to let politics or the upcoming election jeopardise this by creating further uncertainty or delay.”

To read Boxwood’s report - Infrastructure for the Next Generation in full, please download it here: http://www.boxwood.com/publications

Contacts

Boxwood
Lindsay Vetch and Christian Mahne
boxwood@vetchmahne.com
020 3488 3100

Release Summary

FUTURE LOOKS BRIGHT FOR INFRASTRUCTURE SECTOR BUT POST-ELECTION TURMOIL THREATENS TO CAUSE CHAOS New projects are driving optimism, growth and jobs but need buy-in from an aligned Government

Contacts

Boxwood
Lindsay Vetch and Christian Mahne
boxwood@vetchmahne.com
020 3488 3100