Business worried about keeping the lights on

adminBusiness Electricity, Business Gas, International, Utilities Market Regulation, Wholesale Utilities Markets

A new report produced by the Confederation of British Industry (CBI) has revealed a lack of confidence in Britain’s infrastructure, compared to our European counterparts.

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The CBI/KPMG Infrastructure Survey 2012 provides a business-wide assessment of the state of the UK’s economic infrastructure networks.

The survey underlines the critical role that infrastructure plays in making the UK an attractive place to do business and in helping firms to take advantage of growth opportunities both here and abroad.

95% of British businesses are concerned by the cost of energy, the report says, and without investment in cheap generation capacity, this is unlikely to change any time soon.

Keeping energy costs competitive is important for UK growth in general, as 61% of the survey participants said that other locations in the EU were more favourable in terms of basic infrastructure.

“Whether it’s aviation capacity, electricity markets or funding our roads, the Government needs to take some big decisions which will have a major, lasting impact on inward investment and businesses’ ability to compete overseas.” said John Cridland, Director-General of the CBI.

Resources: CBI Infrastructure Survey | Infographic