A new comprehensive survey of over 1,200 IoD members reveals that the government's plans for a High Speed rail network are a long way down the list of business transport priorities.
Significant numbers also think that the high speed line would represent poor value for money.
The survey, which asked directors for their priorities for new investment as well as their views on the current state of Britain’s transport infrastructure, also reveals that business leaders think that improvements to existing roads are more important than new roads.
Simon Walker, Director General of the Institute of Directors, said:
“Good transport infrastructure is crucial to IoD members up and down the country. Businesses are not happy with the current state of the UK’s infrastructure, but our survey of IoD members shows that directors want to see improvements to existing roads and rail services above all. In straightened times, choices will have to be made between some improvements to existing rail lines and a new high speed line, and we want to see the Government take the business view seriously.”