Commenting on the Deputy Prime Minister’s proposals to reform the planning system, Miles Celic, Chief Executive Officer, TheCityUK said, “The motivating spirit behind these reforms is absolutely right. Updates to the current UK planning framework are crucial to meet the growing demand for investible projects and to drive growth across the country. The reforms are particularly significant for large infrastructure projects that will have a major impact on the wider economy and investment attractiveness. Our industry looks forward to continuing to engage with government on these proposals to ensure they provide the clarity, consistency, and speed of decision-making needed to unlock capital and growth.”
New research: Refining UK FDI regime can drive investment and growth
The report highlights that while the UK’s National Security & Investment Act (NS&I) provides investors with a comparatively predictable regime, it casts a very wide net over investment activity compared to screening regimes in other jurisdictions competing for investment.