Following success at both MIPIM and the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF) earlier this year, the private sector joined Invest Newcastle at an event in the city to find out more about opportunities for 2023 and discuss how they can be part of a North East delegation.
Steep inflation always causes a major challenge for businesses in all kinds of sectors. In the construction industry, it leads to increases in prices for things like building materials and machinery hire, and it can result in projects being delayed and profit margins being reduced. In recent times, inflation has
Less than four weeks after CCL Facades was established within the Caddick Construction Group following the demise of Speedclad Ltd, the management team is announcing a £14.3 million business pipeline. Almost a third of that has already been confirmed through the securing of a significant seven-figure contract at One City
Stamp duty savings available : Outdoor space, eco-friendly features and energy efficiency are the top three most desirable attributes in a new home according to a recent study, and Barratt David Wilson Homes’ Kingsbrook development offers all three in abundance.* With the recent stamp duty cuts, first time buyers can
Monthly construction output increased by 0.4% in volume terms in August 2022, which is the second consecutive monthly growth following the upwardly revised increase to 0.1% in July 2022 Commenting on last weeks ONS Construction Output for August, Stuart Law, CEO of the Assetz Group, said: “This month’s data reveals
The plant hire offering of leading heating, plumbing and air movement materials supplier TG Lynes has been enhanced by a substantial six-figure investment. The Enfield-based business has used the investment to further increase the size and variety of its range. More than 350 products are now available to hire from
Buckthorn Partners LLP (Buckthorn), a UK investment firm focused on energy services businesses, announces that it has entered into an agreement to acquire Amey Group PLC, a UK-headquartered infrastructure services and consulting engineering company, from Ferrovial S.A. (Ferrovial). Amey is a leading supplier to the UK government and public sector
Bluechain plans to reach 100,000 new customers in their first year, focusing on large businesses and SMEs with digital payment needs Bluechain, the fast-growing fintech startup that transforms the traditional payments and receivables process, has officially launched in the UK with their first customer, leading construction materials supplier, Aggregate Industries.
Family-run property developer and contractor Muir Group PLC has just announced its financial results for the year 2021/2022, ahead of its 50th anniversary. The results showed an increase in turnover on the previous financial year by nearly £22 million. Despite a challenging time for the whole sector, including margins being
The second annual social value benchmarking report has revealed that over £1bn of economic, social and environmental improvements were made by the UK construction industry last year. The Social Value in Construction Benchmarking Report was compiled jointly by social value measurement consultancy, Social Value Portal and SCAPE, one of the
Following success at both MIPIM and the UK’s Real Estate Investment & Infrastructure Forum (UKREiiF) earlier this year, the private sector joined Invest Newcastle at an event in the city to find out more about opportunities for 2023 and discuss how they can be part of a North East delegation. The delegations are a collaborative effort to attract crucial investment for the region so that it can continue to build a healthy pipeline and expand on the social and economic ambitions of the wider North East. Taking place on 14-17 March in Cannes, France, MIPIM brings together key players and influencers from across the global real estate sector with the goal of creating more sustainable, liveable, and prosperous places for all. Newcastle will join other UK cities and regions including Manchester, Liverpool, London, Cardiff, Belfast, West Midlands, West of England, and Central South UK. Connecting the entire supply chain and offering unrivalled access to worldwide development projects and sources of capital, the North East has the unique opportunity to leverage profile and showcase key investment and development opportunities to a global audience at MIPIM. Following this year’s inaugural UKREiiF in Leeds, Invest Newcastle is also preparing for an even bigger presence in 2023. UKREiiF is a national platform to accelerate the Levelling Up agenda whilst unlocking inclusive and sustainable investment across all sectors of the real estate industry. With a pavilion secured, the team will be able to host a programme of thought leadership events on-stand, showcasing the region’s expertise at a national level. As well as delivering all aspects of the region’s presence at MIPIM and UKREiiF, Invest Newcastle also works closely with partners to help them raise their profile, providing opportunities and support throughout the whole process. Jennifer Hartley, Director of Invest Newcastle, said: “These two conferences are incredibly important for our region. They are an opportunity for us to profile Newcastle and the wider North East and collaborate on a national and global scale. Not only are we able to keep pace with global trends but also showcase the incredibly exciting innovation happening right here on our doorstep, working with our sponsors, thought leaders, other UK cities and government. “It has never been so important to put the region in front of investors, influencers, and decision makers and secure investment for our region. We really are all stronger together and this is about the whole region and our combined ambition. “These events wouldn’t be possible without the support of our partners and sponsors who come together to demonstrate how collaborative the region is across public sector, private sector, and academia. I look forward to welcoming more organisations to our delegation in the coming months who will support us to promote our city to the world.” If you are interested in finding out more information on joining the delegation and sponsorship opportunities email invest@ngi.org.uk. Building, Design & Construction Magazine | The Choice of Industry Professionals
Steep inflation always causes a major challenge for businesses in all kinds of sectors. In the construction industry, it leads to increases in prices for things like building materials and machinery hire, and it can result in projects being delayed and profit margins being reduced. In recent times, inflation has soared and significantly impacted the UK’s construction industry. Seeing as inflation is continuing to rise, construction companies and those involved in the supply chain could be facing problems for some time yet. Material Costs Have Risen Significantly Covid-19 lockdowns, Brexit, the war in Ukraine, and other factors, are all affecting the steep rise in inflation that the construction industry and other industries have recently experienced. In 2022, according to the latest statistics from the UK’s Office for National Statistics, the construction material price index rose by an incredible 25.2% year-on-year in April 2022. That is the eleventh consecutive year-on-year increase since June 2021. In the first four months of 2022 alone, ready-mix concrete rose by 12.5%, bricks, flagstones, blocks, and tiles rose by 18.4%, and steel bars for concrete reinforcement rose by a staggering 51.2%. Therefore, it should already be clear just how much inflation is affecting companies in the construction industry. Indeed, according to a 2022 survey conducted by the UK’s Federation of Master Builders, 98% of builders in the country saw material costs increase in the first quarter of 2022, and 83% of those builders had no option but to pass on those additional costs to their clients. The survey also showed that 73% of UK builders ended up delaying projects due to a lack of materials. Subcontractors Are Feeling the Pinch While most companies that work directly and indirectly within the construction industry are feeling the impact of inflation, some firms are thriving due to the increase in inflation. For example, there has been a great effort to keep the supply chain moving, which means the top-rated movers for long distances have seen their business increase. But others, like subcontractors, are really feeling the pinch. In particular, many subcontractors who entered fixed-price lump sum contracts before 2022 or in early 2022 are discovering that their existing construction contracts are not economically viable anymore. With a lump sum contract, a single price for all construction work is agreed upon before the works begin, which means many construction companies simply cannot deliver the projects they were contracted to carry out. Obviously, the ramifications of that are huge, both for the construction firms and for their customers. Many subcontractors who are still in operation are now increasing their loans in order to fulfil client projects, while other subcontractors are falling by the wayside. Unless operators further up the supply chain can be more flexible in their prices, subcontractors and others will continue to be massively affected. Some of the UK’s Biggest Construction Projects Have Felt the Impact of Rising Inflation It is not only subcontractors and small companies that are being affected. Some of the UK’s biggest construction projects have also felt the impact of inflation. The rise in the cost of key building materials in addition to things like geopolitical risks has seen all of the UK’s major construction projects go over budget and past their due dates for completion, including the HS2 railway, Crossrail, Hinkley Point C, and the Battersea Power Station redevelopment. While those major projects are now starting to get back on track, unless inflation begins to come under more control and supply chains and labour shortages are sorted out soon, the construction industry as a whole in the UK, and throughout the world, is likely to be in turmoil for some time yet.
Less than four weeks after CCL Facades was established within the Caddick Construction Group following the demise of Speedclad Ltd, the management team is announcing a £14.3 million business pipeline. Almost a third of that has already been confirmed through the securing of a significant seven-figure contract at One City Park, for the design, supply, and installation of the external façade, including the glazing and rain-screen cladding at the Bradford city centre scheme. The company’s recent launch to market has also seen CCL Facades appointed as the preferred bidder on a number of high-profile remediation schemes in Leeds city centre under the BSF Programme, which will be announced shortly. These successes come only a matter of weeks since the initial 10-strong management and design team were transferred from Speedclad to the newly formed CCL Facades, led by Managing Director Tony Blake. The senior team had previously worked together on high-profile cladding and glazing projects such as seven phases of grade A offices at Wellington Place in Leeds,The Base Building in Manchesterand award-nominated La Tour Hotel in Milton Keynes. Managing Director Tony Blake said: “It has been a turbulent year for the team, but we are firmly focused on the future, which is already looking incredibly exciting even after such a short space of time as part of the Caddick Construction Group. “We really do feel we have a winning combination. We’re able to offer clients the financial strength and stability with the Caddick Construction Group behind us, but with all the expertise firmly embedded within an independent Company, CCL Facades. It is the best of both worlds for clients, strengthened further when you add our own certified products such as Speedpanel, A2 Rated Spandrel panels into the equation.” As well as securing the contracts and preferred bidder status, CCL Facades is negotiating to act as specialist façade contractor to provide design, supply, and installation of Rainscreen Systems and curtain walling facades fornew buildings and refurbishment projects. The company is now also set up to offer services, acting as principal or specialist contractor, for the replacement of cladding and other facades remediation works. Tony added: “The façade sector market is a difficult one to work within because of the huge obligations that are placed on specialists in terms of delivery, insurance, supply chain, compliance, etc. We now have an offering that not only meets all those obligations but it’s also managed by a team with many decades of experience between them. We believe we are well placed to meet the needs of our clients and are very excited about the future.” Paul Dodsworth, Caddick Construction Group Managing Director, said: “We are confident that the unique offering of CCL Facades and Speedpanel, supported by the financial strength of Caddick Construction, will allow the business to thrive under the stewardship of Tony and the team. In today’s turbulent world having confidence in a financially strong façade contractor will provide real peace of mind in a competitive market.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Stamp duty savings available : Outdoor space, eco-friendly features and energy efficiency are the top three most desirable attributes in a new home according to a recent study, and Barratt David Wilson Homes’ Kingsbrook development offers all three in abundance.* With the recent stamp duty cuts, first time buyers can save up to £6,250 on homes worth £500,000 which will apply to homes at the brand new phase launching at the Orchard Green village in Kingsbrook. The new phase will be launching on Saturday 8th October and will include 246 one, two, three and four bedroom homes in total, of which 57 will be affordable. The first release will include three and four bedroom homes with prices starting from £425,000, allowing first time buyers and second steppers alike to take advantage of the new stamp duty cuts. The housebuilder’s award-winning partnership with the RSPB ensures Kingsbrook is a development where wildlife can thrive, with over 60% of the development dedicated to green infrastructure including ecological enhancement in the form of: wildflower meadows, ponds, woodlands, orchards, a 250 acre nature reserve, parks and allotments. Incorporated throughout the development are features such as bird boxes; hedgehog homes and highways, so that wildlife can travel safely between gardens; bee hotels and dead wood features, to provide a home for insects and solitary bees; and composting facilities. As a result of these wildlife-friendly measures, a number of key bird species have increased including the Red-Listed house sparrows which saw a rise in breeding pairs from two to 147, whilst bee numbers have more than doubled. Marc Woolfe, Head of Sales at Barratt David Wilson North Thames, commented: “Sustainability is becoming increasingly important to the next generation of homebuyers, and is something we have always prioritised. We’re very proud of our partnership with the RSPB at Kingsbrook and the important strides it has made to not only protect the existing ecology but enhance it – and it’s something that has proven to be an important factor in our residents choosing to live here. The next generation of homebuyers are definitely more concerned with the impact of their home on the environment, and Kingsbrook is a critical blueprint to demonstrate how building homes and protecting wildlife can go hand in hand.” “For this reason, alongside the drive for energy efficient homes as the energy crisis continues, we expect our new phase at the Orchard Green village to be very popular – we’ve already had many local first time buyers enquiring about how much they can save following stamp duty cuts. We want to encourage anyone interested to register their interest online, or come down and speak to one of our fantastic sales advisors who can advise on the many schemes we have to support our customers – like Deposit Unlock and Part Exchange.” All homes at Kingsbrook are built with sustainability in mind and energy efficiency at the forefront of the design, achieving an EPC A or B rating – allowing homeowners to save up to £1,410 thanks to the range of the highest efficiency technology incorporated throughout, including: A-rated condensing boilers; low heat-loss hot water cylinders which ensure water stays hotter for longer; and water savings features and fittings helping to save up to 25 litres of water a day per person. The new phase of homes at the Orchard Green village in Kingsbrook will be launching on Saturday 8th October with prices starting from £425,000. To find out more about Barratt David Wilson North Thames or the new homes at Kingsbrook please visit www.barratthomes.co.uk / www.dwh.co.uk or call 0333 355 8500 / 0333 355 8501 Building, Design & Construction Magazine | The Choice of Industry Professionals
Monthly construction output increased by 0.4% in volume terms in August 2022, which is the second consecutive monthly growth following the upwardly revised increase to 0.1% in July 2022 Commenting on last weeks ONS Construction Output for August, Stuart Law, CEO of the Assetz Group, said: “This month’s data reveals an increase in monthly construction output, rising for the second time consecutively. The data suggests that the heatwave in July inhibited construction growth, but as the high temperatures cooled towards the end of August, activity started to increase again. However, looking forward as we move out of summer, we cannot ignore broader socio-economic and political ongoings that are likely to have a significant impact over the winter months. The construction sector is among the industries that will be the hardest hit by the challenging economic environment. “This is particularly significant for SMEs who are disproportionately impacted by exponential increases in the cost of materials, labour shortages, rising energy bills, supply chain issues and the looming threat of at least a modest recession driven by sharply rising interest rates. This instability is also aggravated by uncertainty in economic policy that has often failed to prioritise small and medium sized businesses. As a result, we do expect construction to slow materially into 2023 as this combination of further factors comes to bear on the market. “While we have seen the UK construction industry welcome the new Energy Bill Relief Scheme from 1 October, the pressure will be on the Government to uphold long-term support for the sector in the face of steadily rising energy bills. “Whilst macro-economic conditions can’t be easily solved, a key solution to this is supporting SMEs through innovative funding solutions so they can properly play their part in boosting construction, and most importantly, meeting the urgent need for new homes as we face a housing crisis in the UK. SMEs are agile and favourable when it comes to sustainable growth in the construction sector and through revitalising the SME sector, we can support companies that are pioneering innovative construction methods. “Intervention couldn’t be more needed, particularly as high street banks are visibly pulling back funding due to decreasing risk appetite. Private investors already play a huge part in stimulating and mobilising the SME sector, but we need to consider the future of construction carefully and private investment needs to play a bigger part of supporting the sector going forward.”
The plant hire offering of leading heating, plumbing and air movement materials supplier TG Lynes has been enhanced by a substantial six-figure investment. The Enfield-based business has used the investment to further increase the size and variety of its range. More than 350 products are now available to hire from TG Lynes including benches, compressors, dehumidifiers, drills, gas bottles, pressguns, grinders, ladders, hand tools, staging and trestles. Steven Watts, recently appointed Plant Hire Manager at TG Lynes, said: “This is a significant development for our plant hire offering which already has a strong reputation for reliability and excellent customer service. “Extending our range will make a real difference to the day-to-day work of commercial heating and mechanical services engineers, particularly when they are seeking a piece of equipment they are using sparingly. “Convenience is a big part of our offering and giving customers the chance to purchase their materials and complete their plant hire requirements in a one-stop-shop is a real benefit which many companies operating a solely hire offering simply can’t provide.” Further investment is planned for 2023. Amongst the manufacturers that feature strongly in the TG Lynes hire range are Armorgard, Viega and REMS, for which TG Lynes is an authorised service depot, the only one in London and the South-East. All products are tested before each hire and are available on a minimum one-week agreement. Steven heads up a five-strong hire team at TG Lynes, including Gaetan Rene – part of TG Lynes Plant Hire for more than 45 years – and REMS service and calibration technician Nick Bryce. Leighton Hibbert specialises in Armorgard products while Cyrett Campbell focuses on customer service and latest hire trends. Steven added: “I’m privileged to have a strong, talented and knowledgeable team who are completely focused on delivering the best possible service to our customers and ensuring reliability and availability of hire equipment at all times. “People buy from people and I couldn’t have asked for a better group to deliver our hire offering.”
Buckthorn Partners LLP (Buckthorn), a UK investment firm focused on energy services businesses, announces that it has entered into an agreement to acquire Amey Group PLC, a UK-headquartered infrastructure services and consulting engineering company, from Ferrovial S.A. (Ferrovial). Amey is a leading supplier to the UK government and public sector with over 100-years of experience in innovative design and infrastructure management, maintenance, and upgrade, with core expertise in consulting and transport and built infrastructure management. Buckthorn will partner in this transaction with One Equity Partners, a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. Buckthorn and OEP will invest in Amey to strengthen and grow the business and to access new opportunities, particularly in energy transition, where Amey is particularly well-placed to support the UK’s Net Zero ambitions. Nicholas Gee, Founding Partner at Buckthorn Partners, said: “Amey is at the heart of developing innovative routes to deliver the UK’s infrastructure needs. Amey’s consulting and engineering services are essential to expedite the energy transition by improving the performance of transport and building infrastructure. We are delighted to acquire a business with market leading capability in managing critical infrastructure and look forward to building on this capability and on Amey’s positive work in social value and sustainability. Our ownership will bring stability, investment and expertise to grow and develop the company. We have a strong track record of growing businesses and are excited about the prospect of working closely with Amey and its excellent workforce to shape the future of the business.”
Bluechain plans to reach 100,000 new customers in their first year, focusing on large businesses and SMEs with digital payment needs Bluechain, the fast-growing fintech startup that transforms the traditional payments and receivables process, has officially launched in the UK with their first customer, leading construction materials supplier, Aggregate Industries. The objective is to allow Aggregate Industries to digitise the billing, collections and reconciliation process with their SME customers. Bluechain sees the UK as a strategic marketplace for its current growth objectives and they plan to expand aggressively into the marketplace, aiming to reach 100,000 new customers by the end of their first year. With further global expansions already in the works, including Europe and Africa, Bluechain has their sights set on landing large businesses and SME customers across a range of sectors including utilities, wholesale, construction and professional services. The UK expansion follows a very successful Australian launch in the summer of 2020 focused on supporting SMEs. Bluechain has a growing number of customers and partners, including NRS Couriers, Rabbithole Café, Madcrew Wealth and Tuber. The Request to Pay (RtP) experts offer their platform to connect businesses and their customers in real-time, transforming the biller and payer experience and taking the reactive “black hole” of invoicing into an insightful and connected mutually beneficial relationship. As the global economy navigates rising inflation, energy prices and the cost of living, financial management and budgeting are more important than ever. Bluechain’s platform puts the control in the hands of the payee. Customers can schedule bills at a date that aligns with their payday and split payments into smaller amounts, pay in full or query their bill. With Bluechain’s network, businesses receive complete transparency on invoice status with live data to know when they will get paid. It also eliminates security risks as payment data is never in transit and verified billers no longer need to share risky text payment links. With 54% of banks and Payment Service Providers citing technology limitations and existing systems as their biggest obstacle, Bluechain provides a fully featured capability that can seamlessly plug into existing core platforms like ERPs, accounting platforms and CRMs. Tim Annis, UK Managing Director at Bluechain, said: “Businesses, such as Aggregate Industries and their customers are the backbone of the UK economy and this launch into the UK market is a great opportunity for Bluechain to help transform the payments experience particularly for SMEs. Bluechain’s platform takes businesses one step closer to their customers, and we are thrilled at the opportunities that this is bringing for UK customers. It’s great to be able to work with a partner like Aggregate Industries as we thrive together in delivering the best in class customer experience for billing and collections.” Phil Rice, Head of Credit at Aggregate Industries said: “Aggregate Industries and the broader Holcim Group are always looking for new ways to support and improve the customer experience. Through our open innovation platform, Holcim MAQER, we identify and partner with startups delivering the most impactful solutions that solve challenges for our customers and our own teams. Bluechain presents an opportunity to create a closer level of customer engagement. The focus on how we can help them become more digitally enabled whilst at the same time supporting the cost-to-service receivables makes it a win-win. Bluechain’s end-to-end approach presents just such a solution.” Stephen Bedggood, Vice President of Product at Bluechain added: “Bluechain’s launch in Australia has been very successful, with a significant number of small businesses and enterprises making or receiving payment via our platform. The expansion into the UK is a testament to the global success and impact we have had to date empowering businesses and customers in their payments journeys and I am excited to see this replicated in the UK market.” Philip King, Ex Small Business Commissioner and Advisor at Bluechain said: “One of the most challenging things for people to do in a cost of living crisis is pay, which is why it’s important to give customers the ability to do so efficiently. Bluechain’s technology takes payments and billing to the next level in a way that transforms how companies connect with their customers. Managing finances is at the front of people’s minds, and it is easy to lose sight of the person behind the invoice when focusing on the end goal of getting paid. Bluechain’s platform is customer-centric and gives the biller the visibility to meet their customer’s needs.” Bluechain is available now in the UK. For more information, please visit bluechain.com. Media inquiries, please contact: bluechain@hardnumbers.co.uk
Family-run property developer and contractor Muir Group PLC has just announced its financial results for the year 2021/2022, ahead of its 50th anniversary. The results showed an increase in turnover on the previous financial year by nearly £22 million. Despite a challenging time for the whole sector, including margins being squeezed and chronic skills and labour shortages, the group reported a pre-tax loss of £4.3 million as it restructured the revenue profile at Muir Homes. On the other hand, Muir Construction reported a turnover increase of £7 million, compared to last year’s. Main contributors to the positive news was the prompt completion of business facilities in Glasgow, as well as the M8 central belt. “We have a dedicated team working hard in very difficult and challenging times. The pandemic is over, but its legacy continues with price increases in raw materials, delays in the supply chain and a significant lack of skilled labour to support the construction sector,” said John Muir, Chairman of Muir Group. “Despite all these challenges and more likely in the coming years, Muir Group is well positioned for the future. We have made difficult decisions, particularly in rebuilding our revenue profile within Muir Homes and positive it will show healthy profit for future years.” Indeed, Muir Homes reported a loss for the financial year, because of issues such as expected margins on current sales and a more challenging property market in the North East. However, Muir Timber Systems had a busy year, turnover increasing by £3 million, reflecting the return to normal production following removal of restrictions post-COVID and increase in external sales. After a thorough review of the business, Muir Group will be focusing on diversifying and balancing its portfolio of housing developments throughout Scotland. Muir Homes is currently active on seven sites across the country with the aim of creating several hundred new homes, assisted by new sites opening in the coming year. “Looking ahead, to our 50th year in business next year, we see opportunities for the Group with Construction, Homes and Property Development working on major new projects alongside our Amazon business park continuing to provide revenues,” added John. “The construction industry in Scotland is flat out trying to regain lost ground and we are having to overcome these difficult conditions. Our increase in turnover, healthy cash balances, property and land assets put us in a good place to compete and contribute positively to Scotland’s economic recovery,” he concluded. Building, Design and Construction Magazine | The Home of Construction and Property News
The second annual social value benchmarking report has revealed that over £1bn of economic, social and environmental improvements were made by the UK construction industry last year. The Social Value in Construction Benchmarking Report was compiled jointly by social value measurement consultancy, Social Value Portal and SCAPE, one of the UK’s leading public sector procurement authorities. Released annually, the report sets a precedent for how the construction industry should be tackling social and economic value on its projects. This year’s report found that the construction industry achieved £1.08bn of social and local economic value in 2021, through significant investment in local communities. In comparison, last year’s report found that the delivery of social and local economic value was £949m for 2020, highlighting a 14 per cent increase in 12 months. Almost 20 per cent of total spend on projects was invested in social value initiatives, valuing £1.8bn. The North West far outperformed other regions in terms of social value delivery and was second highest after Scotland on local economic delivery. The South West had the lowest social and local economic value investment. However, geographical location and total number of projects will have impacted these figures. The report includes three case study examples from SCAPE framework partners delivering a variety of social value activities ranging from employing ex-offenders, and delivering a 100% spend with SMEs, to donating staff hours to local charities. All activities have been measured using the National TOMs standardised framework. Social Value and Performance Manager Alison Ramsey at SCAPE, said: “For publicly funded projects, improvement of the economic, social, and environmental wellbeing of the relevant area is an important procurement consideration. We undertake this benchmarking report as a vital investment in measuring success, helping organisations to understand what is being achieved today and what can be achieved in the future. “It is encouraging to see that the delivery of social value across the construction industry continues to improve and that contractors are supporting local communities for clients investing in the built environment. Not only does this report highlight what excellent work has been achieved so far, but it demonstrates how we can all build on these foundations to further improve performance in this area.” Nathan Goode, Chief Strategy Officer at Social Value Portal, added; “It may be a little early to talk about trends as such, but seeing year on year progress in social and local economic value delivered by the construction industry is a great start. “As the largest industry in the UK, employing over three million people and responsible for a large proportion of the UK’s carbon emissions, it is imperative that the sector leads the way in improving society, both in terms of tackling the climate emergency as well as improving the lives of the people who reside in the communities in which they operate. “The strongest argument for committing to social value generation could be financial: we all want a better world and a better future and delivering more social and local economic value will lead to a more prosperous future. I look forward to seeing further improvement in next year’s report.” Download the report.
