PwC comments on new National Productivity Investment Fund

Published at 18:11 PM on 23 November 2016

John Hawksworth, Chief Economist at PwC, commented:
"The government is planning a total of £23 billion of additional capital investment, over and above previous plans, over the five years between 2017/18 and 2021/22. This will provide some support to the economy during the period of uncertainty while the Brexit negotiations are taking place but, more importantly, will also boost the supply side of the economy in key areas such as transport, communications and R&D.
In particular, it was good to see £7.2 billion of the fund allocated to supporting new housebuilding, including by Housing Associations. A lack of housing supply has been one of the key weaknesses in the UK economy in recent decades and this extra money should begin to address this long-standing problem together with measures to reform planning regimes and free up more public land for new homes to be built."


About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2016 PwC. All rights reserved

« Autumn Statement 2016 – PwC comments on fuel duty and salary sacrifice re exemption for ultra-low emission vehicles | Homepage | PwC comments on EU's proposed changes to finalise Basel III and start implementing Basel IV »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts