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Construction: Industry

Department for Business, Energy and Industrial Strategy written question – answered on 29th November 2016.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty’s Government what measures they are taking to encourage the growth of the construction industry.

Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe The Minister of State, Department for Business, Energy and Industrial Strategy

The Government is committed to the growth of the construction industry; and announced at the Autumn Statement a new National Productivity Investment Fund, of which £7.2 billion is to be used to support the construction of new homes and £1.3 billion will be invested in roads and local transport.

Additionally, £2.3 billion will be invested in a new Housing Infrastructure Fund, of which £1.4 billion will be used to build 40,000 new affordable homes, including some for shared ownership and some for affordable rent.

The Government has shown that it is committed to infrastructure development: earlier this month my right hon. Friend the Secretary of State for Transport reiterated this Government’s commitment to HS2; in October we announced support for a new runway at Heathrow; and in September we reaffirmed our commitment to Hinkley Point C.

The Government is working closely with the Construction Leadership Council to ensure that UK businesses can make the most of these and other opportunities.

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