A long-term partnership between government and the construction industry to get Britain building and winning contracts overseas has been announced.
Speaking at the Government Construction Summit, Business Minister Michael Fallon unveiled the industrial strategy for construction – “Construction 2025” – which set out how the Government and industry will ensure the UK continues to thrive in the face of increasing global competition.
The strategy includes an action plan of 10 joint commitments to ensure industry is best placed to achieve its ambitions by 2025. Highlights include reducing growth barriers for businesses, particularly small and medium-sized firms (SMEs) and sole traders.
Within the plan, the government and industry commit to improving access to trade credit and increasing fair payment practices. Together they pledge to secure an increase in the number of suppliers offering greater trade credit to small businesses, as well as developing a fair payment charter for construction.
The strategy follows news last week that over £100 billion of public investment is being committed to infrastructure projects, including the building or repair of 200,000 affordable homes (to 2020).
Business Secretary Vince Cable said: “Last week we announced £100 billion for new infrastructure to get Britain building again. New roads, railways and energy projects will boost the economy and provide jobs across the country.
“I want to make sure we maximise our return on this money. Today’s industrial strategy will help firms innovate and export more. It will also help train a next generation of construction workers and look at what skills gaps we need to fill.
“We cannot make these changes alone, all of this has been designed by working closely with the industry. I look forward to working even more closely with business through the new Construction Leadership Council.”
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