31st October 2016
October has saw the release in positive growth predictions for both construction and infrastructure. The highly anticipated decision on Heathrow's third run-way has been given the green light. In other news, a recent government report tells the industry to "modernize or die".
Government approves Heathrow airport for expansion
The expansion of Heathrow’s airport runway has been a hot topic for construction over the past year. The news was announced this month that bosses have given the £16bn scheme the go-ahead for consultation in the New Year. John Holland-Kaye, Chief Executive of Heathrow Airport said: “A new runway will open trade routes and create jobs up and down the UK. Heathrow will play a key role in making our country stronger and fairer for everyone.” The news will undoubtedly be a confidence boost for the construction jobs market. Listen to the full podcast via The Guardian
Construction sector dodges post-Brexit Recession
Economists at the Construction Products Association have reported positive growth figures, which show that the industry will avoid a post-Brexit recession. Albeit, the growth is predicted to be at a slow rate of 0.2%, it is expected to continue through to 2018 which is better than previously predicted. Growth is also in the horizon for Infrastructure work which is to rise by 6.2% in 2017 and 10.2% in 2018. More on the report via Construction Enquirer
Modernise or Die
Up to now, the sector has been one of the least digitised industries, this is according to research by global consultancy firm Mc Kinsey & Co. This month the Global Construction Review published an article on the back of a government report stating that British construction must “modernise or die”. As well as software and digital administrative tools, the construction industry is being digitised with the introduction of Augmented Reality (AR) and Robotics.
The Guardian published an article this month which highlighted that AR is making it easier not only for planners and architects to collaborate with contractors, but to reassure clients and address any concerns they may have.
Government plans 100,000 offsite homes
It was announced this month that the government is planning new initiatives to help tackle the housing crisis. The plans include the build of up to 100,000 offsite homes, which will help the government meet their target of one million homes by 2020. Gavin Barwell, the housing minister, said: “Offsite construction could provide a huge opportunity to increase housing supply and we want to see more innovation like this emulated across the house building sector. More here via Construction Manager Magazine
Plans for 225,000 homes across Manchester
Plans for at least 225,000 homes across Greater Manchester, including some on green belt land, have been revealed. A draft report says the release of some green belt is “essential” to keep up with the growth. It has been said that 200,000 new jobs will be created as industrial and warehousing sites are built/increased, as well as work on new roads and infrastructure to support them.