How do you get investment in infrastructure when the economy’s nosediving? You stop pursuing old avenues and go for something new, says Dan Gregory This week it emerged that economic output fell by 0.7% between April and June 2012, following a 0.3% fall in the first three months of the year. In a perfect partnership between metaphor and reality, George Osborne has been donning his hardhat and peering into holes in the ground for a number of photo opportunities to highlight the government’s efforts to attract investment into the UK’s infrastructure. So we know that the economy is in a mess and investment in infrastructure is part of the answer. But with the slow death of PFI and with the public finances in a frightening state, it is less evident how such investment can be found and channelled into the projects that will deliver sustainable growth. This was a timely … (To read the full article, subscribe below)
Dan Gregory leads Social Enterprise UK’s policy work and directs the Social Economy Alliance. He also works as Common Capital, supporting the funding and finance of social enterprises.
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