IoD comments on NAO infrastructure risk report

16 January 2013

Commenting on the National Audit Office’s report, Planning for Economic Infrastructure, which highlights key risks facing the Government as it tries to get value for money from vital infrastructure investment, Corin Taylor, Senior Economic Adviser at the Institute of Directors, said:

"Today's report should be essential reading for ministers and civil servants. The UK urgently needs a big infrastructure upgrade, and the NAO's recommendations will help to ensure that taxpayers and users get value for money. Businesses are used to balancing risks when making investments and negotiating forcefully to get the best deal. With the country’s economic success and huge amounts of public money at stake, the public sector must adopt the same hard-headed attitude. More senior public sector figures should be going out of their way to learn from the private sector’s experience of delivering things on time and on budget.”

ENDS

Contacts for further comments or to arrange interviews:

Mark Wallace
Head of Media Relations
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
+44 (0)20 7451 3263
+44 (0)7764 883 417
mark.wallace@iod.com  

Edwin Morgan
Media Relations Manager
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
+44 (0)20 7451 3392
+44 (0)7814 386 243
Edwin.morgan@iod.com

Notes to editors

  • The NAO report can be found here http://www.nao.org.uk/publications/1213/economic_infrastructure.aspx
  • The Institute of Directors (IoD) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with approximately 38,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum – from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.
  • The IoD provides an effective voice to represent the interests of its members to key opinion-formers at the highest levels. These include Government ministers and their shadows, parliamentary committee members, senior civil servants and think-tanks. IoD policies and views are actively promoted to the national, regional and trade media. Follow us on Twitter to get the IoD’s reaction on business and public policy issues.
  • The IoD offers a wide range of business services which include business centre facilities, with ten UK centres (three in London, one each in Reading, Birmingham, Cardiff, Manchester, Nottingham, Norwich, Edinburgh, Glasgow and Belfast) and one in Paris, conferences, networking events, virtual offices, issues-led guides and literature, as well as free access to business information and advisory services. The IoD places great emphasis on director development and has established a certified qualification for directors – Chartered Director – as well as running specific board and director-level training and individual career mentoring programmes.




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