25 Nov 2020
The government’s National Infrastructure Strategy (NIS) was published today as part of the spending review.
While the Spending Review was headlined by commitments to protect and create jobs post-Covid-19, Sunak confirmed the publication of the National Infrastructure Strategy (NIS), which details how £100bn will be spent on infrastructure in the 2021-2022 financial year – a real-terms, year-on-year increase of £27bn.
The 100-page report outlines the Government’s intention to “deliver an infrastructure revolution” that is tied to net-zero.
The NIS notes that the Energy White Paper will “follow shortly” and will detail an overhaul to the current electricity network system and how it is governed. The paper will also go into more detail on the Government’s plans for nuclear deployment.
It also confirms the commitments issued in the ten-point plan to provide £525m to bring forward large-scale nuclear and invest in the development of advanced nuclear research and development (R&D). This includes up to £385m in Advanced Nuclear Fund for small modular reactors and advanced modular reactors and £220m for nuclear fusion.