Latest News Thu, Jul 5, 2018 12:02 PM
An ambitious new partnership between the government and the construction industry has been announced by the Business and Energy Secretary Greg Clark, in a speech to the Northern Powerhouse Summit in Newcastle.
With almost half of the economy reliant on the built environment and the services it enables, the government is bringing together the construction, manufacturing, energy and digital sectors to deliver innovative approaches that improve productivity in construction and accelerate a shift to building safer, healthier and more affordable places to live and learn that use less energy.
Business and Energy Secretary Greg Clark said: "The construction industry is fundamental to growing our economy as we build to invest in our future. Major infrastructure projects like HS2 and the commitment to deliver 1.5 million homes by 2022 mean that we need a construction sector that can drive innovation, delivering homes and infrastructure quicker.
"As buildings account for around 30% of total emissions, we also want to ensure that we are at the global forefront in designing and building smart, energy efficient and affordable homes and buildings through the Clean Growth Grand Challenge, saving families money on their bills.
"This Sector Deal is supported by the biggest government investment in construction for at least a decade and will drive economic growth and create well-paid highly-skilled jobs in every part of the UK."
Andrew Wolstenholme, Co-Chair of the Construction Leadership Council said: "Securing this deal sends out a statement about the vital contribution our sector makes to the country. Our industry builds the schools to educate the young, the hospitals to care for the sick, the police stations to keep us safe, the roads and railways that get us to work, the power stations that keep us warm and the homes we return to each day.
"We are an industry that must be at the forefront of the UK’s drive for future growth and prosperity – and I’m confident that this deal will help to achieve that."
International Trade Secretary Dr Liam Fox said: "British firms are at the forefront of innovation in the construction and infrastructure sector and the government’s new Sector Deal will ensure that even more of our businesses have the confidence to do business in overseas countries.
"With the global infrastructure market estimated to be worth $57 trillion by 2030, the opportunities are clearly there for our companies. That is why DIT, through our network of HM Trade Commissioners, Officials and GREAT.gov.uk, will work to identify these opportunities and provide advice to overseas businesses who may want to invest in the UK."
The Construction Sector Deal will deliver:
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