Labour has set out its vision to ‘rewire Britain’ in a move it said would unlock £200bn of private investment.
At its party conference it said an incoming Labour Government would make it easier, cheaper and quicker to build the infrastructure need to grow the economy, cut bills and boost energy security.
It pledged to remove the barriers to facilitate the largest upgrade to national transmission infrastructure in a generation, bringing cheaper, cleaner power, energy security, and jobs to every corner of the country.
“By unlocking long overdue barriers to investment, Labour’s plan will unlock £200bn of private investment, and will support over 220,000 jobs each year between 2024-2035 across the country,” the party said.
“British businesses such as the steel industry, new electric car battery factories, ceramics manufacturers, and other forms of energy intensive industries will benefit significantly, ending delays to infrastructure upgrades.”