Following the result of the general election, the Chartered Institute of Building (CIOB) stresses the importance of the construction industry to the UK economy and wider society.
Eddie Tuttle, Associate Director for Policy, Research and Public Affairs at the CIOB, said: “Whatever form the new government takes, the CIOB and its members are keen to engage with them to raise awareness of and address the issues currently facing the construction industry and built environment.
“Uncertainty that a hung parliament brings is not helpful to the industry, and we therefore hope a swift resolution will be found. Construction both benefits from economic growth and drives future growth, so there is a pressing need for stable investment, particularly on a regional level.
“We know from the main political parties’ manifestos that there is general cross-party consensus on key investment and growth decisions related to construction, including housing, infrastructure, education and health. We must now see that put into action. The need for an Industrial Strategy that recognises construction as a key enabler is now more important than ever to create a high-productivity economy.”