The Government has today launched its consultation on the new Industrial Strategy for Britain, 'Invest 2035: the UK’s modern industrial strategy', however, the Federation of Master Builders (FMB), has raised concerns about the viability of a long-term plan which does not include construction as one of its eight 'growth driving sectors'.
Brian Berry, Chief Executive of the FMB, commented: “It is deeply concerning that the Chancellor and Business Secretary have published an Industrial Strategy for the new Government, but have not felt it necessary to include reference to the construction sector as an industry for growth, during a period where the UK is experiencing both a housing and skills crisis that are holding back and economic resurgence and threaten long-term market confidence. Given the focus on rebuilding Britain, it appears those that will be doing the physical work have been forgotten. While the Government is focussing on inviting big innovative investment, it should not forget the fundamentals of what drives growth. The consultation is an opportunity to ensure that construction doesn't end up as a side show sub-sector in the plan. Construction needs to be front and centre in the Government's drive for economic growth."
Berry concluded: “The Government has made several promising announcements in recent weeks with proposals for significant planning reforms, an ambitious house building target of 1.5 million new homes, and the establishment of Skills England all welcome. However, there remain questions about the viability of these plans without serious investment to tackle the root causes. The new Industrial Strategy raises concerns around how integral to the overall UK economy Ministers see our industry, which should sit alongside services and manufacturing as a key pillar of economic growth.”
