Summary of the National Construction and Infrastructure Pipeline 2023

The 2023 National Infrastructure and Construction Pipeline (NICP) provides an assessment of infrastructure investment over the next ten years. It includes £379bn of planned investment, £164bn of which is scheduled to occur over the next two years (2023/4 and 2024/25) – i.e. in the current Spending Review. However, the spending of regulated utilities beyond their current price settlement period is, as yet, unknown and therefore not included in this analysis.

Current, known, investment plans for the energy and utilities sector total £220bn over the next decade:

Energy = £182bn
Electricity Generation = £136bn
Oil & Gas = £33bn
Nuclear Decommissioning = £8bn
Energy – Other = £5bn
Electricity/Gas Transmission = £28bn
Electricity Transmission = £26bn
Gas Transmission = £1bn
Water & Sewerage = £11bn