A letter addressed to the Chancellor highlights the importance of the construction industry in growing the UK economy. The industry contributes 9% of the UK’s GDP and employs over 2.63 million people. The letter emphasises the need for stability across the sector’s projects, identifies challenges in housing delivery, and suggests solutions such as unlocking small sites for SME house builders and incentivising private finance for affordable housing.
It also calls for consistency in implementing the Construction Playbook and flexibility in infrastructure investment, along with a national retrofit strategy to achieve Net Zero Carbon by 2050. The letter concludes by urging the government to work with the industry to address these challenges and promote economic growth.
Read the full letter here