{"id":111479,"date":"2022-06-01T11:32:41","date_gmt":"2022-06-01T10:32:41","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=111479"},"modified":"2022-06-01T11:32:41","modified_gmt":"2022-06-01T10:32:41","slug":"mace-innovation-strategy","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mace-innovation-strategy\/111479\/","title":{"rendered":"Mace announces new Innovation Strategy to drive growth\u00a0"},"content":{"rendered":"<h2><a href=\"https:\/\/www.macegroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mace<\/a> has announced a new Innovation Strategy for funding innovation across the group, which will drive progress towards the outcomes of Mace\u2019s 2026 Business Strategy across the company\u2019s four Engines for Growth<\/h2>\n<p>Under the new Innovation Strategy, Mace aims to invest more than 2.5% of its annual revenue\u00a0each year into new products, technology and processes.<\/p>\n<p>The second iteration of its Innovation Strategy: &#8216;Speed and Scale&#8217;, sets out three clear roadmaps for innovation over the next five years in key focus areas for construction &#8211;\u00a0<a href=\"https:\/\/www.pbctoday.co.uk\/news\/featured\/turley-net-zero-town-centres-decarbonisation\/111460\/\" target=\"_blank\" rel=\"noopener noreferrer\">net zero carbon<\/a>, construction to production and digital &amp; data.<\/p>\n<p>These three areas of investment are intended to lead construction to a future where construction sites, workplaces and the wider industry are connected together, enabling low carbon delivery in a more productive and safer environment.<\/p>\n<p>The innovation strategy will see circa \u00a31m+ made available each year to be bid on by aspiring innovators, designers and problem solvers across Mace to invest in new technology, supporting net zero, construction to production and data and digital projects that will transform how the business delivers the built environment.<\/p>\n<p>The first round of funding is due to be awarded later this year in late Q3 2022.<\/p>\n<h3>&#8216;A bold new way of utilising research and development funding&#8217;<\/h3>\n<p>Mark Reynolds, Mace Group chairman and chief executive, commented: \u201cOver the past five years, we\u2019ve invested more than \u00a3300m in research and development across Mace, and our 2026 targets include a minimum 2.5% annual investment of our revenue each year.<\/p>\n<p>\u201c\u201cWhilst our corporate strategy has driven industry leading change, many of the major innovations have been delivered on our projects for our clients by talented Mace colleagues who had a bright idea and support they needed to bring it to life.<\/p>\n<p>\u201cOur Ambition Fund is a bold new way of utilising research and development funding to drive that spark further and empower Mace people \u2013 and eventually our supply chain partners \u2013 to find a better way to deliver for our clients.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Mace has announced a new Innovation Strategy for funding innovation across the group, which will drive progress towards the outcomes of Mace\u2019s 2026 Business Strategy across the company\u2019s four Engines for Growth.<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,856,21873,93645,273],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-111479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-construction-technology","9":"tag-mace","10":"tag-net-zero","11":"tag-research-innovation"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mace announces new Innovation Strategy to drive growth\u00a0<\/title>\n<meta name=\"description\" content=\"Mace has announced a new Innovation Strategy for funding innovation across the group, which will drive progress towards Mace\u2019s 2026 Business Strategy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mace-innovation-strategy\/111479\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mace announces new Innovation Strategy to drive growth\" \/>\n<meta property=\"og:description\" content=\"Mace has announced a new Innovation Strategy for funding innovation across the group, which will drive progress towards the outcomes of Mace\u2019s 2026 Business Strategy across the company\u2019s four Engines for Growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mace-innovation-strategy\/111479\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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