Builders in fresh plea to lead recovery

Grant Prior 6 years ago
Share

The Federation of Master Builders is urging the Government to let construction lead growth in the economy as latest figures show the industry dragging GDP down into recession.

Brian Berry Chief Executive of the FMB said: “Steps the Government could take now to stimulate construction to help create jobs in the economy should include abandoning its plans to introduce VAT on heritage building; cut VAT on property repairs; take action on banks that discriminate against construction firms and their clients; open up public sector procurement to small firms; and introduce meaningful incentives to drive private domestic retrofitting.

“The Government will find it very difficult to get sustained growth in the economy while the construction industry remains depressed.

“Construction is essential to the well being of the wider economy because of the variety and quantity of job its creates from apprentice bricklayers to world leading architects.

“It’s a sad fact that the building industry has been in recession for four years with little hope of any immediate recovery.

“Until we get builders building again the economy is not going to recover.

“The construction industry holds the key to recovery which is why the Government needs to invest in capital projects rather than just focusing its attention on budget cuts.”

Judy Lowe, Deputy Chairman of CITB-ConstructionSkills, said: “Construction is fundamental to the health of the UK economy, contributing 8% to GDP, so its performance has a significant impact on overall growth.

“The Government’s recent investment in infrastructure is welcome but that takes a long time to convert to jobs.

“We need greater investment in other areas of the industry, in refurbishment, homes, hospitals, schools and the Green Deal.

“Construction can offer a route out of recession – every £1 invested in the sector returns £2.84 to the economy – but investment is critical and is needed now.”

Latest news

United Utilities starts £800m network maintenance race

Shortlisted firms to be invited in July to bid for six-year framework
18 hours ago

KeolisAmey JV wins £5bn Welsh rail franchise

Joint venture will deliver £700m south wales Metro electrification project
22 hours ago

Retractable pitch tested at Spurs stadium site

Huge pitch trays and touchline hydraulics in action for the first time
22 hours ago

Builders named for £1.5bn Scottish social housing panel

Robertson, ENGIE, Bancon and Hadden take top honours
2 days ago

Bovis Homes fends off shareholder revolt over pay

Shareholders voted 38% against remuneration report at agm
22 hours ago

Site safety shambles at care home extension

Residents put at fire risk from timber frame scheme. Main contractor now in liquidation
23 hours ago

Wates wins £23m contract with London’s Brent Council

Work to start on Knowles House redevelopment in Harlesden
22 hours ago

Speller Metcalfe wins £18m Coventry Uni job

Speller to start next month on former hospital site at Gulson Road
1 day ago

GPE to start trio of projects despite London caution

All three projects located next to Crossrail stations
2 days ago

Boost your online presence – join the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
3 weeks ago

Government slammed for not spotting Carillion was in trouble

Carillion bosses talked officials out of highest risk rating
2 days ago

Bouygues tipped for £135m Cardiff innovation campus

Cardiff University close to selecting firm after Kier moved on after pre-construction
2 days ago

Dandara plans 340-flat Bristol build to rent project

Bedminster plan includes a podium and tower at St Catherine's Place
3 days ago

Morrison agrees £59m price for East Ayrshire school complex

New Cumnock school complex incorporates three primary schools and two academies
2 days ago

Welsh towers get cash to replace Grenfell style cladding

Trio of Newport resi blocks get £3m of government funding to remove ACM panels
2 days ago

WSP raids CH2M and Atkins for infrastructure hires

WSP boosts local government transport arm
3 days ago

Galliford Try starts £47m Solihull retirement village

Contractor starts eleventh scheme for ExtraCare Charitable Trust
3 days ago

Sisk confirms next £96m office at Manchester Circle Square

Total orders at Manchester city centre scheme reach £240m
3 days ago

Galliford Try expects further hit from Aberdeen Bypass

Bad weather earlier this year drives up finishing costs on delayed Scottish road
3 days ago

Green light for Manchester’s Old Granada studio revamp

Work to start on studio revamp and new hotel in June
3 days ago

Renew counts cost of gas contracting exit

Renew expects the year ahead to show show growth after acquisition of rail contractor QTS
3 days ago

Drones to move construction materials around sites

Future gazer also predicts floating buildings and 3D printing solving the housing crisis
3 days ago

Forterra to boost brick production with new £95m plant

Materials giant to double capacity at Desford site
3 days ago

Watkin Jones has £900m of student schemes in pipeline

Sector still booming as contractor also continues expansion in build to rent market
3 days ago

Manchester Placefirst targets £110m revenue

Manchester construction arm makes a trio of senior hires
3 days ago

Network Rail names new chief

Andrew Haines will become Network Rail chief in the Autumn
3 days ago

Investment fund acquires M&E specialist VVB

£75m turnover tunnel expert VVB looks to grow in infrastructure sector
4 days ago

GMI wins main construction role on £26m Excelsior Works

Resi deal for Mulbury is latest win for contractor's new North West office
4 days ago

Caddick plans civils start at Kirklees warehouse park

Mirfield site will be built out with seven warehouse and nearly 170 homes
4 days ago

M Group changes private equity owners

European private equity firm takes control of £1bn infrastructure services group
4 days ago

Contractor services