Investment in the Built Environment
To ensure government creates a climate to maximise private sector investment in the essential built environment and to encourage an increase in public sector investment over the longer term as part of the government’s Growth Plan.
The Association wants to see:
• An updated National Infrastructure Plan with realistic funding proposals
• An updated programme for improving condition of the social housing stock
• A clear indication of the criteria as to how the Green Investment Bank will operate in practice
• A 5% rate of VAT on all energy efficient improvements supported by the Green Deal
We will:
• Highlight the economic, social and environmental benefits that derive from investment in the built environment
• Update government on measures they need to take to encourage private sector investment in the built environment
• Make the case for higher levels of public sector investment in the built environment as and when government finances allow
• Raise the importance of these issues with MPs, the media, key industry figures and opinion formers to obtain their support for the Association’s objectives
The latest Construction Trade Survey, published today, shows that activity in the majority of the construction industry fell during the first quarter of 2013 with the impacts of falling demand exacerbated by the adverse impacts of poor weather. Looking forward, industry prospects remain downbeat with contractors, specialists and civil engineers all reporting declining orders for future work.
Construction Products Association launches new blog
Today’s GDP figures, published by ONS, show that the UK economy grew by 0.3 per cent in the first quarter of 2013 compared to the previous quarter and was up 0.6 per cent compared to the same quarter a year ago. Construction fared much worse, declining by 2.5 per cent quarter-on- quarter and 5.9 per cent year-on-year.
Construction output is set to fall by more than 2% this year following an 8% contraction in 2012, according to the latest forecasts published today by the Construction Products Association. A recovery is anticipated in the medium-term with growth of 1.9% in 2014 and 3.8% in 2015.
The Construction Products Association’s latest State of Trade Survey indicates that sales of construction products fell during the first three months of 2013 with poor weather exacerbating conditions for the industry.
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