Building and Property

RICS experts call for infrastructure boost in Scotland

Photo of Rest and Be Thankful in Argyll for Your Expert Witness storyA report compiled by the RICS in Scotland has suggested that investment in the energy and transport infrastructure sectors would make the greatest economic impact in Scotland in the short, medium and long terms.

The report, which has been sent to the Scottish Government, says that finance streams must be unlocked and planning and procurement barriers alleviated. That would support job creation and increase confidence and investment in the construction sector.

In a statement, RICS Scotland said it is “…fully aware of the pivotal role that infrastructure can play in supporting economic recovery.  It is imperative that any investment in infrastructure is directed through the right channels to projects which can make the greatest economic impact and RICS Scotland believes that these opportunities for growth are in the energy and transport sectors.”

It director Sarah Spiers declared: “This report highlights the key projects within the Scottish Government’s Infrastructure Investment Plan that can aid recovery, and it is fundamental that the Scottish Government engages with external stakeholders to establish the right conditions through funding and improvements to the planning and procurement systems, to move ‘shovel-ready’ projects forward.  RICS members are well positioned to help shape and implement the challenging programme of major projects.”

The report was created in consultation with expert RICS members and analyses where the greatest impact on the economy can be made through the government’s Infrastructure Investment Plan. Projects identified include Glasgow Terminal Stations and the dualling of the A96/A9 carriageways.

In June the RICS Scotland Summit will feature a keynote speech from Nicola Sturgeon, Cabinet Secretary for Infrastructure, Investment and Cities. The summit will look at local development case studies from both the public and private perspective, and government initiatives on compulsory purchase and procurement reforms.

The report comes at a time when the RICS has pointed to an upturn in construction activity in parts of the UK. The latest Construction Market Survey indicated more firms experiencing a rise in workload. The market in Scotland, however, together with Northern Ireland, remains depressed.