Waste is not a “central consideration” for service sector firms when they are considering infrastructure decisions, according to a CBI report.
The CBI survey, “Better connected, better business” (pdf), polled business leaders on the impacts of infrastructure on investment decisions.
Just 39% of businesses highlighted the quality and reliability of waste infrastructure as significant to investment and just 35% considered its cost an important consideration.
The CBI said this reflected that waste infrastructure is not a “central consideration” for service sector firms.
In comparison, 81% of companies said the quality and reliability of digital networks have a significant effect on investment decisions; 84% said transport infrastructure quality and reliability is significant to investment; and around 70% highlighted energy infrastructure.
Other findings include:
- 60% said infrastructure in the rest of Europe is better than the UK.
- Energy costs are important for investment to over 90% of busineses.
- 61% are satisfied with their links to domestic markets.
- 43% believe the UK compares favourably to other EU contries as a destination for infrastructure investment.
- 97% see the planning regime as a barrier to infrastructure development.
- Just 35% of busineses believe Government policies will have a positive effect on infrastructure investment , 10% points lower than last year.
- But 48% of infrastructure providers believe Government policies will increase investment.
CBI director general John Cridland said: “A mixed picture of progress emerges from this year’s results. Business leaders welcomed a number of the government’s recent policy initiatives, such as changes to the planning system and the move to incentivise pension fund investment in infrastructure. But a failure to translate positive ideas into action on the ground has left many business leaders sceptical about the overall impact of government policies.”
He added: “To develop the networks that will keep us competitive, we need a relentless focus on delivery. Big decisions on the future of our infrastructure must be taken and followed through with conviction.”