Between 2013 and 2023, the UK's road infrastructure investment has shown varying trends, with notable year-on-year increases in 2014 (30.11%) and 2015 (15.58%), contrasted by decreases in 2016 (-5.59%), 2018 (-4.5%), and especially in 2020 (-16.43%). As of 2023, investments stand at 10.405 billion Euros, marking a moderate year-on-year growth of 2.23% from 2022. The Compound Annual Growth Rate (CAGR) from 2013 to 2023 is observed to fluctuate, with significant highs and lows reminiscent of external economic factors. Looking at the last five years, the CAGR stands at 3.71%, with recent trends suggesting incremental investment growth.
In forecasted periods from 2024 to 2028, a consistent upward trajectory is expected, with road infrastructure investment predicted to reach 11.563 billion Euros by 2028. This period is projected to experience a CAGR of 1.72%, reflecting a gradual but steady increase in funding.
Future trends to watch for include potential influences of technological advancements, policy changes favoring green infrastructure, and macroeconomic factors such as inflation rates, which could impact governmental budget allocations for road infrastructure.
