INDUSTRYNEWS
Strategy sets foundations for UK construction growth
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 will 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 mediumsized 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 infra ��X�\�H�ڙX�����[��Y[��H�Z[[��و�Y��ܙX�H�Y\�[�H��\�YX\����N��\�[�\���Xܙ]\�H�[��H�X�H�ZY�8�'�^x�&\�[�\��X[��]Y�H�[[�\�\�[��ݘ]H[�^ܝ[ܙK�]�[[��[�Z[�H�^�[�\�][ۈو�ۜ��X�[ۈ�ܚ�\��[����]�]��[��\��H�YY��[��'H�\�[�\��[�[�\��HZ[�\�\�ZX�Y[�[ۈ�ZY�8�'�ۜ��X�[ۈ\�H�X�܈�\�H��]Z[�\�H��ۙ���\]]]�HY�KH�\X�[]Y\��܈�\Y�]�]�[�Y[�[�H�[�X[�܈[����[��ܙX]�X[�܈�\�X�ۛ�^K��'B���ܚ�\��^��Y�\ؙ\���\�[���Y�\��\�Y[��ܚH�ۙ\�وH�Y[��[��[][ۈ�\�[�\��\��Y[��[�YY�\�H^��Y�ܚ�\���H�[�X[H�][�\�����HZ\��ܛ�H\ؙ\����X��\�]H�\�H[��Y�ܙ�\�K�ZX�Y[��]\���ۙ\�وQ��Y[��[���X�Y[�[\�YYH[�H�\�X[X��\�\���[[ݙH[��\X�H�ٙ�]��\��\�[���Y�\��\�Y[��ܚ�]H��\�H[��\�������[�]Y�\��LK���]�\��Y�ܙXY�\��]\��&H��\�X\�]\���]\��Y���\��YY�]H�Z]X�H�\��^H[�Y�[��H�]\�Z[�H�]\�\ؙ\����\��\�[�[�Y���HX�[��H�[�\�Z�H�ܚ��]H[��\��\�X]\�X[�H�ZY���\�[��ܛYY\���]\��]H�ٙ�]��\�HXYHو\ؙ\���[��[][����\��]]Y����[H[��[���ܚ���\��Hۋ�Y�\�H��\Z[��\�XYH�HX[[��Y�]H^X�]]�H
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