Wates welcomes measures set out in today’s Spending Review
Today, 11 June 2025, Chancellor Rachel Reeves unveiled her eagerly awaited spending review in the House of Commons, detailing investment commitments across much of the public sector estate including social infrastructure and housing.
Read below for our Chief Executive, Eoghan O’Lionaird’s thoughts on the spending review.
The announcement today of £39 billion for affordable housing is a positive first step in helping to deliver at pace and scale the homes the country desperately needs. A 10-year funding horizon potentially is a game changer as it will unlock delivery and enable us to think bigger and act more boldly.
“Additionally, the £13.2 billion confirmed for the Warm Homes plan will have a major impact on improving the energy efficiency of our new and existing homes.
“Wates has long partnered with government, and we welcome the measures ministers are taking to improve the public estate, from the school rebuilding programme to dedicated funding for the removal of RAAC from classrooms and hospitals.
“Today’s announcements are beneficial for the construction industry, and we are pleased to see the government deliver on its commitment to publish a 10-year infrastructure strategy, thereby providing valuable long-term direction and certainty.
“This welcome commitment allows us to make major decisions around staffing and investment, matters of fundamental importance for our long-term strategy.
“It is also crucial in supporting investment in new technologies and the training of skilled workers – both of which will be essential to delivering the next generation of critical national infrastructure.”
Eoghan O’Lionaird
Chief Executive, Wates Group
Unlocking the future of UK infrastructure: a new approach to funding
We are calling for a fresh approach to public-private partnerships to help unlock the investment needed to deliver the next generation of schools, hospitals, housing and defence infrastructure.
