ICE’s Autumn Budget 2018 submission

The recommendations are focused in the following three areas:

The feasibility of establishing a UK Investment Bank should be explored as a contingency against a loss of access to low cost anchor finance from the European Investment Bank and to maintain domestic expertise in infrastructure investment.
Active steps should be taken to facilitate the use of alternative funding and financing mechanisms, including asset recycling and land value capture.
The Government should give serious consideration to replacing the existing generation of road taxes with a pay-as-you-go model for the busiest roads in England.
Market-led proposals in rail should be reformed in a way which simplifies applications and respects the sharing of intellectual property from all bidders.

The National Infrastructure Commission should be placed on a statutory footing in the long-term to ensure its permanence and enhance its ability to give independent expert advice.
Embed Project 13 in Whitehall procurement culture, exploring ways to incentivise departments and Government agencies who are first movers.

Devolve further revenue raising powers to Combined Authorities to increase their aptitude to fund infrastructure schemes.
The regulation of community level crowdfunding should be reviewed and its development supported.