Welcome to our December newsletter.
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It is the season of goodwill and the announcement last week that the UK Government is allocating £5 billion capital investment in infrastructure is the injection of adrenalin the construction industry desperately needed and it comes just when presents are needed most.
The Welsh Government has also acknowledged the importance of construction in the economic recovery when confirming its final budget. In the Draft Budget 2013-14 the Welsh Government allocated £175 million to support strategically important projects in line with the priorities set out in the Wales Infrastructure Investment Plan. The Final Budget includes an additional £46.7m capital investment to further support delivery of the Government’s investment priorities. This comprises £16.7m to support the use of public sector land for housing and £30m to expand the Wales Economic Growth Fund.
It should be a prosperous New Year then, but only if we can ensure that the projects that are the heart of the capital funding are procured in a collaborative manner. That is crucial to the development of Welsh construction and to ensure we can build, design and engineer the projects that take Wales forward as a nation and as an economy that benefit everyone in the country. We can then have some assurance that 2013 is going to be a more positive year than the past twelve months. 2012 has been tough, but we’ve achieved a great deal and demonstrated again that collaborative working does succeed. What’s more, we could not do it without the support of our CEW stakeholders – so thank you, Happy Christmas and all the best for the New Year.
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