Brexit Result May Discourage Investment - CECA

The Civil Engineering Contractors Association (CECA) has stated the vote to leave the European Union may discourage long term investment in the UK's infrastructure.

The organisation called for Ministers to remain calm following a Brexit victory in the referendum this morning, 24 June.

CECA Head of External Affairs, Marie-Claude Hemming, said: "After a lengthy campaign, the U.K. public has voted to leave the European Union.


"The change in circumstance has unsettled the markets which, if unchecked, may discourage long term investment in UK infrastructure.

"The UK must act to secure its economy, but growth will only be delivered if supported by world-class infrastructure.

"CECA therefore calls on Ministers to now to first stabilise Government, then re-establish their commitment to the projects outlined in the National Infrastructure Plan, most notably HS2 and a third runway at Heathrow in order to maintain economic confidence, following such a substantial change in the UK's relationship with the European Union and the rest of the world."

(LM/MH)