National Productivity Investment Fund
NPIF is for investment in areas that are key to boosting productivity: transport, digital communications, research and development (R&D), and housing.
About the National Productivity Investment Fund (NPIF)
As part of the Autumn Statement 2016 the Government announced the creation of a National Productivity Investment Fund (NPIF) worth in total £23bn. NPIF is for investment in areas that are key to boosting productivity: transport, digital communications, research and development (R&D), and housing. The Secretary of State for Transport gave further details in Written Statements to Parliament indicating that of the total, £1.1bn will be for local roads.
On the 6 April the government invited Local Authorities to bid for a share of this funding for schemes meeting the core aims of the fund to:
- ease congestion and provide upgrades on important national, regional or local routes
- unlock economic and job creation opportunities
- enable the delivery of new housing developments
Worcestershire County Council has prepared two separate bids to this fund