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Construction firms face tough times

December 30th, 2011

Nearly nine out of ten UK construction firms expect public spending cuts to act as a drag on operating conditions, the CBI said today.
Responding to the first CBI/Speedy Services national construction survey, close to two-thirds of firms described the UK’s planning system as an obstacle to business, while four out of ten have seen a deterioration in the availability of finance over the past year.
However, the Chancellor’s autumn statement contained encouraging news for the sector, including details of the Funded Construction Pipeline and infrastructure spending. The survey portrays a sector well-placed to boost skills and create jobs, with more than three-quarters of firms planning to maintain or increase spending levels on training and investment in apprentices in the coming year.

Nearly nine out of ten UK construction firms expect public spending cuts to act as a drag on operating conditions, the CBI says.

Responding to the first CBI/Speedy Services national construction survey, close to two-thirds of firms described the UK’s planning system as an obstacle to business, while four out of ten have seen a deterioration in the availability of finance over the past year.

However, the Chancellor’s autumn statement contained encouraging news for the sector, including details of the Funded Construction Pipeline and infrastructure spending. The survey portrays a sector well-placed to boost skills and create jobs, with more than three-quarters of firms planning to maintain or increase spending levels on training and investment in apprentices in the coming year.

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  1. January 17th, 2012 at 10:16 | #1

    Encouraging news indeed, boosting jobs is much needed in the construction area, training and investment in new apprentices will be a huge boost to the industry struggling under the current public spending climate.
    Lets hope that very soon turns around to give all of these trained apprentices work !!

  2. January 17th, 2012 at 10:18 | #2

    Encouraging news indeed, boosting jobs is much needed in the construction area, training and investment in new apprentices will be a huge boost to the industry struggling under the current public spending climate.Lets hope that very soon turns around to give all of these trained apprentices work !!

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