Leaders press Chancellor for targeted six-pack stimulus

Aaron Morby 4 years ago

Construction leaders are calling for a targeted set of six measures to further stimulate construction and boost economic recovery.

CLC chairman Andy Mitchell calls for small number of strategic interventions
CLC chairman Andy Mitchell calls for small number of strategic interventions

Construction Leadership Council chairman Andy Mitchell has written to the Chancellor saying that construction is now fully mobilised and better placed than other industry’s to stimulate fast economic recovery.

Outlining a wish-list for the upcoming Autumn Comprehensive Spending Review, Mitchell writes: “We recognise that difficult decisions will have to be made, so have focussed on a small number of strategic interventions that we believe will drive growth while rebalancing opportunities and securing net zero carbon.

“Our recommendations form a package that will ensure employment for thousands of workers nationwide while building a better economy.

“We know that other sectors, particularly those in retail, leisure, and tourism, will face a harder fight to rebuild. As such, our sector must do everything it can to help stimulate renewed economic activity.”

Comprehensive Spending Review wishlist

1.Support a net zero carbon retrofit programme for existing homes

Government builds on its commitment to a £9.2bn national retrofit programme of energy efficiency improvements, creating a long-term plan for carbon reduction for homes.

For properties not covered by the programme, introduce a ‘Help to Fix’ interest-free loan scheme, predicated on energy efficiency to improve the quality of the nation’s housing stock.

2. Ensuring vital building safety improvements are delivered

Inject more cash into Government’s cladding remediation fund to meet £3.5bn spend needed for 18m+ blocks

Also establish a cladding remediation fund for sub-18m blocks

3. Funding to unlock infrastructure that enables local regeneration programmes

Government sets up a £10bn Regeneration Investment Bank/Fund at discounted interest to deliver regeneration deals with the private sector on behalf of the local authorities and LEPs.

4. Maintain the UK as a global leader for digitalisation of the built environment, including National Digital Twin

Fund adoption of the Information Management Framework, which would enable secure, resilient data sharing across the built environment

Fund digitalisation of the planning process

5. Ensuring skills capacity to match needs from planned investment programmes

Rechannel unspent apprenticeship levy funds to create 1,000 apprentices each year

£7.5m to maintain and grow the construction skills hubs, providing work experience leading to sustained employment for 3,000 new entrants

£1.2m to support a ‘bridge into construction’ from FE to provide accelerated apprenticeships

6. Demand-side support for the housing sector in accordance with the build back ‘better and greener’ philosophy

Government to review impact of March 2021 stamp duty holiday and Help to Buy support for housing to avoid a cliff edge in demand

Latest news

Former Crossrail boss Mark Wild to lead HS2

Wild to bear down on spiralling costs and bring rejigged scheme in on time
12 hours ago

Receivers in at £125m Manchester tower developer

Domis Construction walked away from scheme following doubts over funding
1 day ago

Costain A1 £260m dualling job finally gets go-ahead

Ministers sat on planning inspectors report for nearly three years
18 mins ago

Election delays decision on Lower Thames Crossing

Planning decision on £1.2bn Luton airport expansion also pushed back six months
13 mins ago

Caddick steps-in at former Lane End housing job

Contractor to restart phase of £262m scheme hit by administration
57 mins ago

Plans in for Leeds iconic Tetley building revamp

Former brewing giant's HQ to become indoor market and offices
17 mins ago

BAM wins first phase of North Devon hospital revamp

New staff accommodation to kick-off hospital redevelopment
18 mins ago

McAlpine pulls out of £55m Carlisle Citadels project

University of Cumbria starts hunt for replacement contractor
5 days ago

Strabag UK suffers further big trading loss

Austrian contractor is gearing up for major presence in the UK market
4 days ago

Durham Uni picks UPP for £130m student scheme

Firm will deliver 1,000 self-catered bed spaces
4 days ago

Architects now upbeat after 10-months of work gloom

Larger practices see rising workloads in next three months
4 days ago

Motorist dies after collision with road paver

Police Scotland investigating fatal crash
5 days ago

McLaren Living appoints HG Construction for £69m scheme

Build to Rent scheme will transform former vacant car park site in Leeds city centre
5 days ago

Squibb liquidator probes £2m of “missing” plant

Machinery, cars and scrap metal have disappeared at demolition specialist
5 days ago

Galliford Try to re-enter affordable homes market

Contractor sets out new five-year plan to build margin to 4%
5 days ago

Former Sellar chief to lead civils contractor Kilnbridge

Owen Dannatt joins as new CEO as founder Dermot McDermott becomes Chairman
5 days ago

Hunt starts for nuclear fusion plant construction partner

Fusion energy plant to be built at West Burton coal power station site.
5 days ago

National Grid raises £7bn for big infrastructure upgrade

Rights issue to fund a major round of capital investment in energy infrastructure
5 days ago

Grenfell police probe to last at least until end of 2025

19 companies and 58 individuals could eventually face charges
5 days ago

Mace confirmed on £100m London office retrofit

Work underway on Helical's 100 New Bridge Street job near Ludgate Circus
6 days ago

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
6 days ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
6 days ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
6 days ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
6 days ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
6 days ago

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
7 days ago

Plans go in for huge Olympic Park construction hub

Bow Goods Yard could deliver 3.5m tonnes of materials a year to sites across London
7 days ago

40% affordable homes target for Labour’s new towns

Labour pledges to select new town sites by end of first year
7 days ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
1 week ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
7 days ago

Contractor services