NFB outlines manifesto for Britain’s construction future
25 September 2014
Ahead of the 2015 general election, the National Federation of Builders (NFB) has launched its manifesto at this year’s party conferences. The manifesto, which outlines NFB members’ key priorities for the next government, also offers proposals on how these aims can be attained.
The NFB believes that the victors of the next general election have the chance to make construction the key driver in the long-term vision of the economy. When it comes to public investment, the construction industry is always a shoe-in, returning £2.84 for every £1 invested. In addition, it has the resources to be a world leader in design and sustainability. In order for the sector to reach its maximum potential, the NFB have identified three main areas for action.
More homes for Britain
To meet the demands of the future, the NFB predicts that Britain needs about 245,000 new homes every year. To achieve such numbers, the next government must make sure that there is no rollback on making planning less complicated. Furthermore, there must be a meaningful attempt to attract patient capital into the housing market.
Building smarter, building value
As public sector procurement can often be an ineffective and costly process, the NFB are eager for this to change and for the procurement process to be simplified, facilitating SME access to public contracts
Stability for the long-term
According to the NFB, the construction industry needs stable, sustainable investment to support industry growth. Therefore, they are calling for the next government to make lending to small businesses simpler, whilst also ensuring larger investors can work with the construction industry and the public sector to back longer term projects.