{"id":66589,"date":"2019-11-01T13:49:16","date_gmt":"2019-11-01T13:49:16","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=66589"},"modified":"2019-11-01T13:49:16","modified_gmt":"2019-11-01T13:49:16","slug":"future-of-construction","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/future-of-construction\/66589\/","title":{"rendered":"Pagabo invests in SMEs to shape the future of construction"},"content":{"rendered":"

Framework organisation Pagabo<\/a> is launching a new initiative to invest in and guide SMEs, start-ups and entrepreneurs that want to shape the future of the construction industry<\/h2>\n

The new investment arm of the company \u2013 named Incubator<\/a> \u2013 will be an early-stage investor in start-ups or young companies that want to innovate<\/a> and shape the future of the construction industry.<\/p>\n

The initiative will look to provide financial resources \u2013 in the form of equity or soft loans \u2013 into these businesses. It will also act as a means of access to the Pagabo ecosystem (clients, contractors and wider stakeholders), which will provide support, mentoring and resources. This will help the businesses to trial their ideas, products and services.<\/p>\n

Gerard Toplass, executive chairman of Pagabo, said: \u201cWe are looking for companies that share our own values on progressing the future of the construction industry and that are conscious of the environment and the community. The future leaders of our industries are simply not happy to \u2018work the way we always have\u2019 when there are better, more efficient ways of working.<\/p>\n

\u201cWe want to help the sector do things better but also help it to do better things. We may need more bricklayers and hands-on, physical skills today, but we need to consider the skillset people will need in the future when automation, artificial intelligence and robotics are more widely adopted by the industry.<\/p>\n

\u201cIn the next ten years, we are going to see a huge shift in the construction industry, thanks to innovation and technology<\/a> aligned to the changing requirements of the people that work in the industry. The attitude to work is quite different to ten or twenty years ago, and there is a growing social conscience amongst younger professionals, along with a drive towards agile working with multi-disciplinary teams,<\/p>\n

\u201cWe have to consider changing ethics and work together to create a more sustainable future supported by renewable, green energy. We must consider changing attitudes and behaviours, looking after both the physical and mental health of our workforce.<\/p>\n

\u201cSimply put, at Pagabo, we want to support the people with the ideas to drive the construction sector forwards, giving them the platform, advice and testing ground required to get ideas off the ground and into reality.\u201d<\/p>\n

Incubator companies will also benefit from expert advice and mentoring from experienced professionals on a range of areas from financing to marketing. Working together, the companies and experts will have the assistance to turn their ideas into viable, money-making businesses intended to transform the future of the construction industry.<\/p>\n

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

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