The National Federation of Builders (NFB) has welcomed the government’s industrial strategy. Not only does the strategy have clear intentions of putting UK construction at the forefront of a growing global market, but it also deals with issues closer to home such as payment practices.
The construction industry has, rightly, been recognised by the government as one of the industries that is most likely to delivery significant growth. In order to deliver that growth, all parts of the industry need to be moving in the same direction.
The strategy has a number of key aspirations it would like to achieve by 2025, including 50 per cent lower greenhouse gas emissions in the built environment and a 50 per cent improvement in exports. However, the metrics that the NFB is most pleased to welcome are the 50 per cent reduction in delivery times and the development of the fair payment charter.
Julia Evans, chief executive of the National Federation of Builders, said:
“What we have in the industrial strategy is a strong signal that broadcasts the long-term value that co-ordinated efforts between government and industry can bring, while addressing issues that many firms face on a daily basis.
“For the construction industry to grow sustainably and make a long-term contribution to growth, the entire supply chain has to thrive and that will only happen when industry concerns, such as access to finance and payment practices, are adequately addressed. This strategy contains a clear roadmap to that end.”
One thing businesses need to help them plan is greater transparency of future work opportunities. Some smaller and medium-sized construction companies report that they receive around 60% of their work through local authorities, so the extension of central government’s published pipeline of work to local authorities and higher education establishments is welcomed.
Julia Evans continued:
“Publication of a pipeline of work has been hugely helpful and the extension to local government is a step in the right direction. For a bold strategy such as this, I would have liked an equally bold step of all local authorities with a programme of work being included.”