WELCOME FROM CONSTRUCTION INDUSTRY FOR AUTUMN STATEMENT
The Specialist Engineering Contractors’ (SEC) Group – representing the largest sector of UK construction (by value) – has welcomed the Chancellor’s Autumn Statement.
SEC Group’s CEO, Professor Rudi Klein, said that the industry would be extremely encouraged by the announcement of a £23 billion National Productivity Investment Fund that will prioritise high value investment in economic infrastructure and innovation.
Confirmation that the Cardiff City Regional Deal would go ahead (alongside the other City Deals in Wales and Scotland) would also to be welcomed together with the proposals for additional infrastructure investment in the English regions. He added:
“The government wants construction to deliver better for less but this has to be predicated upon government closely working with industry to raise the industry’s low levels of productivity”.
Recently SEC Group wrote to the Prime Minister calling for radical changes in construction procurement and delivery, and improvements to industry cashflow to enable the industry to be leaner and fitter to meet the challenges that lie ahead.
To this end Klein said that he was very interested in the reference in background documents to a review to be carried out by the Infrastructure and Project Authority “to identify ways government working with industry, can improve the quality, cost and performance of UK infrastructure”. The review will report in the summer of next year.
SEC Group expects to work with the Authority in promoting delivery models that will reduce wasteful activity, encourage innovation and improve cashflow especially for SMEs.
Notes for Editors:
- The Specialist Engineering Contractors’ (SEC) Group represents engineering in construction, the largest sector in the industry by value. It is an umbrella representative body comprising the sector’s premier trade associations: Plumbing and Heating Contractors’ Alliance, British Constructional Steelwork Association, Electrical Contractors’ Association, Building and Engineering Services Association, Lift and Escalator Industry Association and SELECT (Electrical Contractors’ Association for Scotland).
- From 2020 the Government proposes to invest between 1% and 1.2% of GDP each year on economic infrastructure within the remit of the National Infrastructure Commission.
- Most of the additional infrastructure spend will be on road and rail transport and the digital technologies. Almost £1.5billion has been allocated to the devolved regions.
- For further information please contact Professor Rudi Klein, CEO SEC Group on 07767 412 903 or email: Klein@secgroup.org.uk