LONDON, July 3, 2014 /PRNewswire/ --
*Rt Hon Dr Vince Cable MP, Lord Young, Rt Hon Michael Fallon MP & Sir David Higgins speak at event*
*Government's construction pipeline revealed as £116bn*
*Chief construction adviser, Peter Hansford's appointment extended by a year*
*Visit http://www.governmentconstructionsummit.co.uk for more information*
The third annual Government Construction Summit, the UK's most important annual construction event, has seen the government's pipeline revealed as £116bn and Vince Cable talk about the skills shortage the industry faces. The event took place in London yesterday and announced what the government envisages for construction - to help stimulate and grow the economy.
Vince Cable MP opened the event talking about the importance of investing in the skills shortage the construction industry is currently experiencing, by creating apprenticeships.
Vince Cable said: "The construction industry has lost 350,000 people, many of them highly skilled, many won't come back, they have dropped out of the labour market."
He also commented: "It's worth noting construction is the only sector of the economy where apprenticeships have declined in the past couple of years, everywhere else apprenticeships have boomed."
When asked what his main message to the construction industry was, Cable added: "I'd like the industry to start thinking five or ten years ahead… If I was to pick one area as a key priority it would be skills - what could bring the sector's recovery to a shuddering halt, is a lack of skill."
Government representatives used the event to announce the pipeline of future public construction opportunities, which is £116 billion up to and beyond 2020. The information, collated by Barbour ABI, reveals upcoming public projects, with the intention of providing firms of all sizes the forward notice and information they need to invest in the relevant skills, labour and capabilities to win contracts going forward.
Sir David Higgins, Chairman of HS2, Lord Young, Enterprise Adviser to the Prime Minister, Rt Hon Michael Fallon MP, Minister of State for Business and Energy, Lord Deighton, Commercial Secretary to the Treasury and Andrew Wyllie, Chief Executive of Costain also addressed attendees to provide the sector with an update on issues such as sustainability, measuring the benefits of BIM, creating a strong supply chain and building long term partnerships between the sector and government. Secretary of State for Business, Innovation and Skills, Peter Hansford's appointment was extended by a year, meaning that he will be working with the government until at least November 2015.
The Government Construction Summit is a partnership between Building, the Cabinet Office, the Department for Business, Innovation & Skills, Infrastructure UK and the UKTI. The event is the only event of its kind organised in partnership with the government. It takes place at a time of dynamic change in the industry - as it experiences rapid growth following the recession.
The 2013 summit saw the launch of the overall strategy for the industry - 'Construction 2025', which set out bold ambitions and a partnership approach to transform the construction industry. Yesterday revisited the strategy, to track progress and update issues around it.
Tom Broughton, Brand Director - Building and Head of Content at UBM Live Built Environment, said: "The Government Construction Summit is an opportunity for the industry to come together with government representatives and discuss issues that are affecting the industry as well as potential solutions. The event also offers the vital opportunity to hear about how to win work both in the public and private sector."
For more information visit http://www.governmentconstructionsummit.co.uk
About UBM Live Built Environment:
UBM Live Built Environment serves the interiors, construction and commercial property communities and has a proven track record of delivering high-quality exhibitions, products and services for its customers. Leading brands include Decorex International, Ecobuild, kbb Birmingham, Barbour ABI, Building and Building Design.
UBM Live connects people and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands and expand their markets. Through premier brands such as MD&M, CPhI, IFSEC, TFM&A, Cruise Shipping Miami, the Concrete Show and many others, UBM Live exhibitions, conferences, awards programs, publications, websites and training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors.
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SOURCE Government Construction Summit