{"id":141382,"date":"2024-07-04T11:15:58","date_gmt":"2024-07-04T10:15:58","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=141382"},"modified":"2024-07-04T11:15:58","modified_gmt":"2024-07-04T10:15:58","slug":"pro-development-policy-must-prioritised-next-government-says-construction-industry","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/pro-development-policy-must-prioritised-next-government-says-construction-industry\/141382\/","title":{"rendered":"Pro-development policy must be prioritised by next government, says construction industry"},"content":{"rendered":"

According to a new survey, pro-development policy must take precedence if the construction industry is to achieve its full investment potential in the future<\/h2>\n

Survey respondents have identified pro-development policy changes the next government can enact<\/a> immediately to kickstart growth ambitions in the construction industry.<\/p>\n

Indeed, 83% of respondents identified policy or economic uncertainty as major investment stumbling blocks.<\/p>\n

Pro-development policy platform to increase investment activity<\/h3>\n

One of the primary goals across the sector is to establish a pro-development policy platform to boost investment activity.<\/p>\n

55% of respondents identified achieving comprehensive local plan coverage as a top priority, although separate research by Lichfields indicated that only 22% of plans are expected to be adequate by the end of 2025.<\/p>\n

Public investment decisions rank high for industry<\/h3>\n

Additionally, there is a strong emphasis on the need for a long-term industrial strategy, with 40% calling for clear investment paths.<\/p>\n

Public investment decisions in housing (38%), clean energy<\/a> investments (39%), and national grid capacity improvements (38%) also rank high on the wish lists of contractors, developers, and consultants.<\/p>\n

Calls for reform of existing legislation<\/h3>\n

Gavin Mason, operations director at Pick Everard, said: \u201cOur survey has been carried out against a backdrop of political and economic uncertainty, in a market that is challenged by inflated construction costs, decreased public-led investment, increasing complexity in securing planning permission, continued shortages of skilled labour, and a sector that is recording 4,000+ insolvencies a year \u2013 the highest of any sector in the UK.<\/p>\n

\u201cAll of these issues will need to be addressed by the next government, which is going to have a key role to play in improving sector output.<\/p>\n

\u201cIt is also clear from the results of the survey that the industry is calling for constructive reform of existing legislation to deliver the construction investments the country desperately needs.\u201d<\/p>\n

Tender prices are expected to rise next year<\/h3>\n

Further results within the survey reveal that 96% of respondents expect tender prices to rise in the next year, with 76% predicting increases between 1% and 6%.<\/p>\n

Contributing factors include the impact of government legislation (26%), construction industry capacity (20%), and geopolitical volatility (19%).<\/p>\n

Industry concerns and priorities<\/h3>\n

Assessing current industry challenges, 24% of participants called for a review of the recently enacted legislation on Biodiversity Net Gain<\/a>, which was implemented earlier this year.<\/p>\n

Gateway 2 of the Building Safety Act and the Part L building regulations (2022) have also been subjects of extensive debate within the construction sector over the past year.<\/p>\n

Furthermore, to foster industry growth, there is a pressing need to reduce interest rates (36%) and increase investment in training grants (24%).<\/p>\n

The latter is particularly crucial in addressing the widening skills gap in construction.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

According to a new survey, pro-development policy must take precedence if the construction industry is to achieve its full investment potential in the future.<\/p>\n","protected":false},"author":31,"featured_media":141388,"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":[172844,276,592],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-141382","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-2024-general-election","9":"tag-government","10":"tag-skills"},"acf":[],"yoast_head":"\nPro-development policy must be prioritised by next government<\/title>\n<meta name=\"description\" content=\"According to a 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