Industrial Strategy Challenge Fund: Transforming Construction - Information Day
On 27th November 2017, BEIS published the “Industrial Strategy – Building a Britain fit for the future” White Paper.
The Industrial Strategy includes a number of valuable opportunities for the construction sector, along with policies that will be implemented to drive productivity improvements in the sector.
This information event organised by KTN on behalf of Innovate UK and UK Research and Innovation, will provide delegates with vital information on the proposed Transforming Construction programme within the Industrial Strategy Challenge Fund.
This programme has reached the critical stage of finalising the business case submissions, having been featured in the Chancellor’s November Budget and the White Paper. Should the business case receive approval, the expectation will be for the funding to become available in Spring 2018. This event presents an opportunity for delegates to learn more about the outline business case and the proposed Transforming Construction programme and related elements in the Industrial Strategy.
Registration: Please note that places are restricted and therefore interested parties are requested to register their interest here. You will be notified on or before Friday 22nd December if a place has been made available to you.
Construction features prominently in the following sections of the Industrial Strategy [Nov 2017]:
Transforming Construction, up to £170m [page 72]
The way we create our buildings has not changed substantially in 40 years and needs a drastic overhaul if it is to deliver the buildings that the UK needs. Construction is currently expensive and too many buildings waste energy.
We need to transform construction so that we can create affordable places to live and work that are, safer, healthier and use less energy. By taking a lead in the UK, we can increase our ability to export. Global demand for efficient buildings is rising rapidly, driven by the pressures of urbanisation, affordability, and the need to cut emissions.
Construction Sector Deal (p197-8)
The Government and the construction sector, through the Construction Leadership Council and with the leadership of Andrew Wolstenholme, have agreed a Sector Deal to transform the productivity of the sector benefiting the wider economy.
Construction is one of the largest sectors in the UK economy – with a turnover of £370bn, contributing £138bn in value added to the UK economy and employing 3.1 million people (9 per cent of the total UK workforce).
The deal will substantially boost the sector’s productivity, through greater investment in innovation and skills, creating new and well-paid jobs and maximising its export potential. This will also reduce the environmental impact, improve the efficiency and reduce whole life cost of new projects and buildings to help build the houses, schools, hospitals and major transport projects we need.
Invest in Infrastructure to drive growth across the UK (p139)
To improve the productivity of construction, the Transforming Infrastructure Performance programme will use the power of Government spending to help drive the adoption of modern methods of construction. This will build on the commitment made by five Government departments to adopt a presumption in favour of offsite construction by 2019 across suitable capital programmes where this represents best value for money.
This will bring together Government and industry to facilitate implementation of the Construction Sector Deal, including £170m of investment through the Industrial Strategy programme, Transforming Construction, which will support innovation and skills in the sector.