Ahead of tomorrow’s Budget Bill debate in the House of Commons, the Construction Employers Federation is calling on all MPs, especially those from and with an interest in Northern Ireland, to reflect on the draft Budget allocations and reverse the proposed £130m cut in next year’s capital expenditure.
In addition to the alarmingly high number of jobs lost in the construction sector during the recession, perhaps the most visible aspect of the downturn was the significant drop in both property values and new builds …
There is now a critical need for new homes to be built – from the positive impact this would have on jobs to how new housing underpins both regeneration and economic growth.
With less than 50% of new housing need having been met consistently over the last decade, there is a very urgent need to act and act now – particularly in respect of private housing.
Commenting after the publication of the Northern Ireland Budget for 2019/20, which included a £130m reduction in expected capital spending, Construction Employers Federation Assistant Director David Fry said...
Federation Patron NIE Networks are, on 21 March, holding a connections surgery event which is aimed at any property developers, business owners, construction contractors, renewable developers or anyone else who would like to discuss potential developments that require new or enhanced electrical connections to the grid.