The majority of UK companies believe waste infrastructure has improved or stayed the same over the past five years.
The Confederation of British Industry’s (CBI) latest infrastructure survey of 447 businesses conducted in partnership with KPMG, indicated that 41% of companies feel waste infrastructure has improved since 2006 and a similar amount believes it has stayed the same. Around 18% of respondents feel it has deteriorated.
Digital and waste were the two infrastructure sectors in which respondents had seen an improvement. The CBI welcomed the positivity but stated that significant investment is needed for the UK to meet a landfill target of 35% by 2020.
Only a small majority of companies see the quality and reliability of waste infrastructure as significant considerations in their investment decisions (53%). The quality and reliability of energy and transport infrastructure was seen to be significant or very significant considerations when making investment decisions (81% and 82% respectively).
CBI director general John Cridland said: “The UK’s economic recovery is inextricably linked to increased investment, growing exports and seizing opportunities in emerging markets. To make this happen, the government must pick up its pace and build on its welcome ambition. We need to see a step change in key areas if we are to achieve the £200bn of investment that we need in our infrastructure over the next five years.”