14 Aug £420 Million Government Investment
The news of the government’s investment into the construction sector will boost the industry and help to maintain the increase in growth seen in May 2018 (according to the Office of National Statistics). Even though it was the third month of decline, there was growth from the decline seen in April of 2.9%.
The government’s announcement will see the focus on increasing efficiency and speed of build and help to ensure the industry is Brexit ready. The investment focuses on the Offsite Manufacturing and digitalising the design process, as well as future proofing the industry by providing 25,000 apprenticeships by 2020 and having firm development and training policies to develop the talent pool.
With the government’s target to build 1.5 million homes by 2022 this boost to the industry can only be a good thing to help reach this number by using innovation and increased efficiency as well as increasing the demand for skilled workers in the construction industry and the number of jobs available.