Subscribe to our Construction Newsfeed
Uk Construction Directory
Search our 156,810 companies....

Construction News

10/11/2016

New Report Highlights Importance Of Infrastructure Projects

Construction News Image
A new report from Balfour Beatty has stressed the importance of 'shovel-ready' small and medium scale infrastructure schemes for the UK's economy.

The 'Small Scale, Big Impact: Infrastructure and Economic Regeneration' study states such projects will provide the construction industry with the pipeline and certainty to invest in training future experts to deliver large scale multi-billion pound developments such as HS2 and Heathrow's third runway.

A number of recommendations are made in the report, such as ensuring the planning system is operating effectively, retaining skilled EU workers, making local authorities use a single supplier framework and researching new methods for "gaining a full picture" on the wider economic development and regeneration benefits associated with infrastructural projects.
-- Advertisement --
hss



In addition, various road, rail and flood defence schemes could be carried out before mega infrastructure schemes start due to the time and planning it takes before they can begin.

Leo Quinn, Balfour Beatty Group Chief Executive, said: "Whilst major infrastructure investment will be vital to the strength of the UK over the mid-term, we believe there is also a way for the government’s industrial strategy to drive rapid economic stimulus, with considerable geographic precision.

"As of today a number of road, rail, public realm, flood defence and construction projects exist which meet the Chancellor's tests, in many cases have been approved, but are stalled by lack of funding. Taking advantage of current low borrowing costs to select and implement those with potential to bring maximum impact on a localised basis would quickly disperse uncertainty and set the country on the path to an economic growth that works for everyone."

To view the report, visit here.

(LM/MH)

Latest Construction News

17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds. Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal. The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year. Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites. In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale. The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough. The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city. The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area. A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing. Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge. Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design. Established 26 years ago, th
T & D Glazing And Installation LimitedEfco UK LtdStuart CanvasAqua Direct LtdBRICOFLOR UKThink Construction Skills Ltd.Lakeside HireSuperfoilVentilation MegastoreASHBROOK Ltd