Construction: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 3rd July 2018.

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Photo of David Simpson David Simpson Shadow DUP Spokesperson (Environment, Food and Rural Affairs), Shadow DUP Spokesperson (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what financial support his Department provides to the construction industry.

Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government is committed to investing £600m in infrastructure over the next decade and providing £15.3bn in new financial support for housing in this Parliament.

We are driving economic growth and improving people’s lives in the long term by investing £170m through the Industrial Strategy Challenge Fund (ISCF) in the Transforming Construction: Manufacturing Better Buildings programme. The programme will improve productivity through supporting the development and commercialisation of digital, manufacturing, energy generation and storage technologies for the construction and built environment sectors.

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