Government presents infrastructure bill to Parliament

posted 22.10.2012
The Government has presented a new Infrastructure Bill to parliament; the proposed legislation will focus on business investment, new infrastructure and the creation of more jobs.

The proposal includes;

  • The introduction of 'employee-owner' status for companies to offer, which will allow workers to hold a financial stake in the firm’s growth and success through shares that will be tax free.

  • Preventing unexpected hikes in business rates over the next five years.

  • Allowing the reconsideration of section 106 on stalled housing sites.

  •  Simplifying planning application paperwork.

  • Increasing the speed of the planning system for large business and commercial projects and when a developer chooses the fast-track route, a decisions will be taken in 12 months.

Secretary of State for Communities and Local Government Eric Pickles, said: "These common sense reforms will support local jobs and local firms. They complement the changes we are already delivered through the Localism Act, from streamlined planning guidance and, shortly, from the local retention of business rates."

Planning Minister Nick Boles said: "The Growth and Infrastructure Bill will boost investment and local economic growth. It removes confusing and overlapping red tape, whilst ensuring democratic checks and balances and environmental safeguards remain in place.”

"Britain is in a global race today with rising nations like China and Brazil. Countries like ours will only be able to compete if we make it easier for businesses to invest and quicker for infrastructure to get built."

Recipro sourced this article from construction enquirer.


Category: in the news, industry, legislation