Record amounts of investment for the construction sectorCotterill Civils
Today the government pledged to raise infrastructure spending to its highest in decades. This is fantastic news for our customers, who are set to benefit from such a massive investment in the construction sector.
In today’s budget, the new Chancellor, Rishi Sunak, promised hundreds of billions of pounds to infrastructure projects, such as roads, railways, broadband, flood defence and housing. This is being hailed by the Treasury as the “highest levels [of investment] in real terms since 1955” – more than £600bn over the five-year Parliament.
Investment comparable to post-war era
It was only in the decades after the second world war that this rate of investment spending was seen in the construction sector so it will have a significant impact. With money being invested in infrastructure projects across the country, this will mean more work and ultimately more jobs for construction workers.
Our MD, Andrew Cotterill, commented: “This is really good news for our customers and couldn’t come at a better time after many have experienced setbacks in recent months due to the extreme wet weather compounded by the current uncertainty around Coronavirus. We are already seeing the positive impact of massive local infrastructure projects on our business, such as Pedimore, SUE, HS2 etc, so this news is music to our ears.
We expect this investment will, in time, result in a surge in demand for our products so we will be working hard to ensure we continue to deliver a fast turnaround to all of our customers.”
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Our team of specialists are on hand to provide you with expert advice. Call us today on 0121 351 3230.