Pundits in the media, a mix of economists and sector experts, predict that we are on the verge of an upward swing in our fortunes. The Economist magazine is even suggesting a fourth industrial revolution is around the corner as society adjusts to the benefits of new technologies ranging from automated cars to the broader benefits of augmented reality. But behind these ideas lies one fundamental. We still need to build things.
One example is taking advantage of alternative energy. The 76 turbine Pen y Cymoedd wind farm between Neath and Aberdare was officially opened by First Minister Carwyn Jones last week. It comes just two days after Environment Secretary Lesley Griffiths AM said she wanted Wales to generate 70% of its electricity from renewable sources by 2030. Wind farms like this need designing, constructing and then managing – which is executed by the construction industry. Indeed, since the Pen y Cymoedd wind farm went on site in 2014 (built by Swedish energy group Vattenfall) our contractors have spent £220m in the Welsh economy.
It is a great example of how construction acts as a great enabler and how investment in such schemes generates more work in the short and long term. Another in the news this week is backing from the first phase of a new £100m automotive sector focused business park in Ebbw Vale, which could be home to 1,500 staff. In an announcement by Welsh Government, Economy Secretary Ken Skates AM has confirmed funding for a 50,000-sq. ft. building to kick-start the Automotive Technology Park, which could over time extend to 200,000 sq. ft.
Whilst reports point to a slowdown in construction we can argue about uncertainty around Brexit or worries about funding of major infrastructure schemes, there is a lot of work in the pipeline. Indeed, we can see that in the update published in this edition of the newsletter.
The work required to be done and the policy ideas of Government all needs to fit to a wider plan. We need a strategy for Welsh construction to make sure all the ideas are delivered; to ensure that the sector fulfils its role as a great enabler. To be certain that Wales has the world class built environment its society, communities and economy needs we need to plan. Now.
