A country's infrastructure underpins its
economic activity and societal prosperity.
A strong infrastructure will act as a key
stimulus for growth and helps the economy
thrive, a weak infrastructure will limit
prosperity and economic development.
'Ongoing investment in infrastructure is vital
for the country's general economic growth,
middle market development, job creation,
competitiveness and societal cohesion.
There appears a direct correlation between
infrastructure investment in major transport,
energy, communication, housing and utilities
projects to wider economic benefit and
employment levels,' comments Simon Hart,
Lead International partner at RSM UK.
Since March 2020 the UK's economy
has undergone two shocks: the global
coronavirus pandemic and the ongoing
rebalancing following its exit from the
European Union. Both have caused shock
waves, leaving few communities untouched,
and tested the resilience and adaptability of
the country's infrastructure, but in turn has
highlighted its limitations.
Almost overnight, commuters stopped taking
trains or cars to city centres, and were able
to set up to work at home, reliant on their
broadband, or had to stop work completely
due to lockdown restrictions.
Economic activity and infrastructure
IS THE MIDDLE
MARKET BEING
HELD BACK?
INFRASTRUCTURE | IS THE MIDDLE MARKET BEING HELD BACK?
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