New investments across infrastructure have been announced as part of the 2025 Spending Review.

Chancellor Rachel Reeves set out the government’s spending ambitions, with transport, energy and housing set to benefits from billions of pounds of investment.

The Spending Review sets departmental budgets for day‑to‑day spending until 2028‑29, and until 2029‑30 for capital investment, with total departmental budgets growing by 2.3% across the period. It also sets devolved government block grants for the same period.

“We are renewing Britain,” Reeves said. “I know that too many people in too many parts of our country are yet to feel it. This government’s task, my task as chancellor, and the purpose of this spending review is to change that, to ensure that renewal is felt in people’s everyday lives, in their jobs and on their high streets.

“The priorities of this spending review are the priorities of working people, to invest in Britain’s security, in Britain’s health, and to grow Britain’s economy so that working people are better off.”

She added: “In place of chaos I chose stability, in place of decline I chose investments and in place of pessimism, division and defeatism and chose national renewal.”

Spending Review highlights include:

• Housing – £39bn for a new 10‑year Affordable Homes Programme as part of the “biggest cash injection into social and affordable housing in 50 years”.
• Nuclear - £30bn for nuclear energy as the “biggest investment in a generation” including, the already announced, £14.2bn in funding for Sizewell C.
• Carbon capture and storage - £9.4bn for UK carbon capture and storage over the Spending Review period including backing for the VikingCCS project on Humberside and Acorn project in Aberdeenshire.
• Innovation – £22.6bn per year for research and development by 2029‑30, in support of the government’s forthcoming modern Industrial Strategy.
• Artificial intelligence - £2bn to back government’s AI Action Plan
• Small businesses – £25.6bn to help small firms to start up and scale up.
• Transport - £15.6bn in total by 2031‑32 through the new Transport for City Regions (TCR) settlements to give metro mayors of some of England’s largest city regions long‑term transport settlements, plus a four-year settlement agreed for Transport for London.
• Rail - £2.5bn to connect Oxford and Cambridge through the continued delivery of East-West Rail and confirmed she will set out plans to take forward work on Northern Powerhouse Rail in the coming weeks. A further £3.5bn for the Transpennine Route Upgrade, plus funding will deliver upgrades to Cardiff Central station and progress the Midlands Rail Hub.
• Skills - £1.2bn a year by the end of the end of Spending Review to help young people in to training and apprenticeships
• Infrastructure - £10bn for financial investment, including through Homes England to unlock thousands of more homes.
• Devolved nations - the Scottish Government will receive an average extra £2.9bn across the duration of this Spending Review. The Welsh Government will benefit from an average extra £1.6bn over the period and the Northern Ireland Executive will receive an average extra £1.2bn.
• Communities - additional funding for up to 350 communities, especially those in deprived areas, through Plans for Neighbourhoods.  A Growth Mission Fund to expedite local projects that are important for growth but have been forgotten, such as Southport Pier, Kirkcaldy’s seafront and High Street, and a new sports quarter in Peterborough.
• NHS - Rachel Reeves announced a record £29bn funding boost to get the NHS back on its feet and fit for the future. Up to £10bn allocated towards technology and digital transformation, thousands more GPs to be trained and funding allocated to deliver an additional 700,000 urgent NHS dentist appointments a year.
• Money for schools – Around £2.4bn per year will be invested in the School Rebuilding Programme over the next four years, reaffirming the government’s commitment to rebuild over 500 schools. 
• Green Book review – new Green Book will enable growth “in all parts of Britain”.