Invest in construction, CIoB demands

Published:  12 May, 2010

LONDON: Lobbying on spending began as new Prime Minister David Cameron moved into Number 10. The Chartered Institute of Building called on the new coalition government to "build the UK's future and invest in construction".

Today, Chris Blythe, chief executive of the Institute urged the new Government to push ahead with a sustained programme of national investment. The physical infrastructure of the UK "underpins the entire economic and social infrastructure", he said.

"Investment in the built environment can spread the benefits of an economic stimulus to all parts of the UK. For every £1m spent on construction output £2.84 is generated in total economic activity, and 92p of every £1 spent on construction is retained in the UK," he added.

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