Planning reforms to accelerate the delivery of new homes, roads and railways, and clean energy projects will boost the UK economy by billions of pounds, according to new analysis.

The Planning and Infrastructure Bill’s Impact Assessment has shown the government’s pro-growth changes to get Britain building could benefit the economy by up to £7.5bn over the next 10 years.

The government says the reforms will “turn the tide” of the housing crisis and ensure critical infrastructure – including public transport links and clean energy projects that will protect billpayers – is sped up.

Lower costs for businesses, fewer delays and more certainty as a result of the bill’s measures could lead to further investment and provide an additional boost to the economy.

The current assessment also does not account for recent amendments to the bill to overhaul the pre-application stage for critical infrastructure, which government analysis suggests will add another £1bn over this Parliament.

This economic boost is on top of the measures already implemented in the new National Planning Policy Framework (NPPF). The Office for Budget Responsibility recently said the changes to NPPF alone will drive housebuilding to its highest level in over 40 years and deliver an additional £6.8bn by 2029/2030.

Deputy prime minister and housing secretary, Angela Rayner, said: “Getting Britain building will not only boost economic growth but ensure we deliver the homes and infrastructure working people deserve.

“This landmark pro-growth bill will get spades in the ground and the foundations laid for a new generation of homes, as we deliver on our Plan for Change.”

The analysis includes higher, central and lower estimates for how much money the Bill could add to the economy over 10 years. The highest estimate was up to £7.5bn, the central estimate was £3.2bn and the lower estimate was £1.3bn. 

Click here to read the impact assessment for the Planning and Infrastructure Bill in full.