Improved security of energy supply considered critical goal, CBI survey reveals

3 November 2016 (Last Updated November 3rd, 2016 18:30)

A new Confederation of British Industry (CBI) survey has revealed nearly 74% of firms and 81% of manufacturers see improved security of energy supply as a critical or important long-term goal for future operations.

A new Confederation of British Industry (CBI) survey has revealed nearly 74% of firms and 81% of manufacturers see improved security of energy supply as a critical or important long-term goal for future operations.

Carried out in partnership with global designer, builder, financer, and manager of projects AECOM, the survey showed 71% of respondents see the need for greater investment in energy efficiency.

In addition, around 66% are confident about supply security, but only 27% feel the UK government will take steps to improve the long-term outlook.

"As the UK plans for post-Brexit scenarios, the role of infrastructure is more vital than ever."

Further results highlighted that 59% of infrastructure providers in the energy sector are reported to be unhappy with the government’s energy policy framework to boost investment and 83% of businesses are not confident in the UK’s ability to meet the requirements of Paris Climate Change Agreement (COP21).

AECOM's civil infrastructure, Europe, Middle East, India, and Africa chief executive Richard Robinson said: “As the UK plans for post-Brexit scenarios, the role of infrastructure is more vital than ever. Competing more directly on the global stage requires strong foundations to secure the nation’s international standing.

“At a time of uncertainty, clarity around infrastructure investment and delivery will boost business confidence. The UK has a long history of successful major infrastructure projects, leading the world in creating innovative new delivery models.

“Fortunately the UK has moved on from the era of under-investment in infrastructure. Since the start of this decade we have seen a revitalised commitment to infrastructure investment and its transformative power. The focus now must be on delivery.”


Image: CBI/AECOM releases its infrastructure survey in UK. Photo: courtesy of CBI.