Government and construction industry announce transformative deal
A deal between government and the construction industry, which could add billions of pounds to the economy through delivering better homes and infrastructure, has been announced by Business and Energy Secretary Greg Clark.
Government and industry have worked extensively since the launch of the Industrial Strategy green paper to agree the Sector Deal, developing a joint strategic direction for the sector that reflects shared ambition to modernise the industry and to respond to the challenges of demographic change and Brexit.
The deal, announced in the Industrial Strategy white paper on Monday (27 November), will prepare the UK construction sector for the future, helping companies build better performing buildings and infrastructure at a greater speed and reduced cost, while supporting the government’s ambitious programmes in both infrastructure and housing.
By transforming the sector through better adoption of digital and manufacturing technologies the Construction Sector Deal aims to deliver quality infrastructure and housing more quickly, and at reduced cost to the taxpayer, while boosting the skills of construction workers and training the next generation of workers.
Supported by £170 million of government investment over three years through the Industrial Strategy Challenge Fund, and £250 million of match funding from industry, the deal will bring together the construction, manufacturing, energy and digital sectors in a new hub to commercialise technologies capable of building assets which are both cost effective and energy efficient.
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