Pro-development policy vital for construction industry - survey
Pro-development policy must take priority if the construction industry is to achieve its full investment potential into the future, a survey from Pick Everard and Lichfields has found.
Construction professionals have identified policy changes the next government can enact immediately to kickstart growth ambitions and counter key barriers to growth. Indeed, 83 per cent of respondents identified policy or economic uncertainty as major barriers to investment.
Among the key aims across the sector was the need for a pro-development policy platform to increase investment activity. Over half (55 per cent) of respondents stated the need for achieving comprehensive local plan coverage as a priority, while separate Lichfields research found just 22 per cent of plans are currently projected to be fit for purpose by the end of 2025.
Also emphasised is the need for a long-term industrial strategy, with 40 per cent advocating for clear investment paths, while public investment decisions on housing (38 per cent), clean energy investments (39 per cent), and national grid capacity improvements (38 per cent) were prioritised by contractors, developers, and consultants.
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