Promised for November 2017, the Construction Sector Deal was officially launched on 05 July 2018. The sector agreement, delayed due to the unexpected collapse of the multinational construction company Carillion, intends for £420million (€476million) worth of investment, of which £250 million (€283 million) could come from private sector backing, according to specialized press sources. The financing will target innovation, productivity improvements and faster house-building processes. Apprenticeships are also expected to receive a boost.
Business and Energy Secretary Greg Clark said, “This Sector Deal is supported by the biggest government investment in construction for at least a decade and will drive economic growth and create well-paid highly-skilled jobs in every part of the UK.” The goal for this much anticipated, albeit delayed ‘sector deal’, which is integral to PM May’s new industrial strategy (c.f. article No. 10468) is to deliver 1.5 million homes by 2022. With this new funding and what is a carefully detailed road ma
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