A host of business leaders have come out in support of the government's plans to deliver a sharp boost to the construction industry, which could trigger a rise in activity for some time to come. Business secretary Vince Cable has this month suggested the coalition is committed to helping organisations be innovative and creative, as well as assisting them when it comes to exporting and tackling the skills gaps they face on a daily basis. Indeed, the politician explained that an announcement of £100 billion of new funding was made. This will help to get Britain building once again, with new roads, railways and energy schemes all named by Mr Cable as being on the agenda. He also emphasised his determination to make sure the country gets the very most out of the fund it possibly can, and that cash is not wasted. His words seem to have gone down well with a host of industry chiefs, such as Dr Neil Bentley, deputy director general of the Confederation of British Industry, who said the body welcomes the announcement, although it is keen to see "real outcomes" achieved. Brian Berry, chief executive of the Federation of Master Builders, said earlier this month: "For too long the image of the building industry has been blighted by the unscrupulous practices of those operating in the informal economy. The announcement to expand the TrustMark scheme for tradespeople and to introduce new standards is a welcome step to help drive out the rogue traders." Of course, the test now is whether the government's plans and improved pot of funding will have an effect and drive the construction industry over the coming years. If it does, it could make construction jobs a more appealing prospect to young people around the UK and encourage many of them to seek qualifications and experience that will stand them in good stead for a career in the industry and significant levels of success.
Rishi Sunak had previously promised record infrastructure investment as part of the government's "levelling up" agenda. Until now, Network Rail's "enhancement" budget for the five year period from 2019-24 had been set at £10.4bn. But, this week rail minister Chris Heaton-Harris said
Construction work at Crossrail’s Farringdon station has come to an end.The station becomes the first central London station along the new line to reach the T-12 landmark; this means the station is substantially complete and it is now considered to be 12 weeks away from handover to
Of that, TfL’s major asset renewals programme will receive a £135M additional investment to repair key bridges and tunnels. TfL figures show that about 200 out of 500 bridges and other structures that it maintains in the capital have sections in "poor" or "very poor" condition. The