UK voters have flocked to the polls and had their say on the matters that they want their new government to address. Construction priorities are included in the list, six of which are explained below in detail.
- Get Inward Investment Back on Track
Although the UK has traditionally been regarded as a safe place to park international funds, two referendums and two elections in three years have created a shift in investor perspectives. A recent EY poll found that nearly 31% of global investors are predicting that the UK will continue to lose its appeal over the next three years, thanks to Brexit and similar outcomes. The new government must allocate resources to reverse this trend.
- Launch a New Green Deal
When the Green Deal and the Code for Sustainable Homes were scrapped in 2015, public confidence in sustainability policies was subsequently reduced. The construction industry, however, has pressed ahead with new standards, as clients are demanding energy efficiency and sustainability in their projects, so a new green deal must be one of the primary construction priorities.
- Dedicate Resources to Planning
Planning has long been a major source of contention for housebuilders and developers, thanks to resources challenges. The question of how increasing land values can be captured by local authorities has been addressed and the National Planning Policy Framework eliminated steps from the planning guidance, but resources remain an issue, with many councils lacking the staff to process the volume of applications. This is another area that ranks as one of the leading construction priorities.