Business, Innovation and Skills written question – answered at on 12 October 2011.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the contribution to the economy of exports from the construction industry.
The latest data from HMRC Overseas Trade Statistics, the UK Balance of Payments (The Pink Book) and ONS Business Monitor MA4 Foreign Direct Investment show that the UK exported some £7.5billion worth of construction services and products in 2009. This compares with a total of £386.7 billion worth of total UK exports of goods and services in 2009.
UKTI, in partnership with BIS, has reviewed how it targets its sector based support, to ensure value for money from its resources. This review has mapped UK capabilities against the projected evolution of global demand, across a broad range of sectors. This has indicated that the construction sector had one of the highest growth rates in UK exports in the last three years to 2009 and with projected strong global demand to 2014.
Yes0 people think so
No0 people think not
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