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The Construction Products Association has welcomed the pledge on investment for infrastructure projects made in today鈥檚 autumn statement on the economy, but noted that capital spending on infrastructure continues to fall.

The association鈥檚 chief executive Michael Ankers said: 鈥淚mproving the quality of our infrastructure has a key part to play in raising business competitiveness and stimulating economic growth and it is encouraging that the government has recognised this.

鈥淪chemes like the improvement to the A14 trunk road will improve access to key ports from our manufacturing heartland and help our export drive. At a time when construction output is falling and forecast to continue to do so for the next couple of years, the additional investment on infrastructure will help create new jobs and generate as much as 拢75bn of economic activity across the economy as a whole.

鈥淭oday鈥檚 announcements, however, do little to reverse the sharp fall in government capital spending 鈥� from 拢62bn in 2010/11 to 拢45bn in 2013/14.

鈥淭he most important step for the long term is to underpin investment on infrastructure with private finance, and so the announcement that an additional 拢20bn of funding from pension funds and capital markets is particularly welcome. Funding of this kind will help create a long term sustainable framework for investment in our infrastructure which is set apart from the vagaries of government spending cycles.鈥�