As part of the Governments Industrial Strategy the Ministry for Housing, Communities and Local Government (MHCLG) and Department for Business, Energy and Industrial Strategy (BEIS) have now opened formal negotiations with the sector to progress a Built Environment Sector Deal.
The objective of the deal is to create a partnership between Government and Industry to work on sector specific issues to identify and make the most of opportunities that help boost productivity, employment, innovation and skills. Through consultation some core objectives have been set:
- Delivering more homes and improving housing quality
- Improving the sector’s productivity through improved access to data
- Enabling the sector to diversify its workforce and diversifying its firm base and increasing competitiveness
- Promoting clean growth
Now that the formal negotiations are open, what are the industries key objectives surrounding the built environment? With such a wide range of organisations that operate in the built environment such as architecture firms, developers, investors, real estate, asset management as well as property tech firms and the wider supply chain, how can industry support the government in meeting their strategic objectives as well as their own and promote the sector?
With the sector being crucial to the UK economy, employing over 2 million (directly and indirectly) and generating around 7% of the UK’s GDP, the sector is key in delivering the governments strategic objectives.
Letter from MHCLG and BEIS to the Built Environment Sector Deal Champion, confirming the government will open formal negotiations on a Built Environment Sector Deal.