The CITB board has approved plans to cut the levy it charges qualifying construction firms by almost a third. This would see the current charge of 0.5 per cent drop to 0.35 per cent from 2018.

Between August and September this year, the CITB will be required to receive consensus from the sector as to whether it should continue to collect levy from construction firms, as part of the process for the CITB in seeking a Levy Order from the government.

A decision is expected in February 2018.