Industry leaders have drawn up a three-phase plan to rebuild the industry and help steer the economy back into recovery.
The Construction Leadership Council (CLC) says that within 2 years construction could bounce back as a more professional, productive and profitable industry.
However, they warned the government that failure to stimulate demand will risk the construction industry sliding into a longer-term recession that will leave the industry smaller and weaker.
The three phase plan looks like this:
Restart (first 3 months)
Reset (3-13 months)
Reinvent (12-24 months)
The CLC are now in talks with the government to see how this fast-track plan can be delivered.
This would see four taskforce groups set up from representatives of trade bodies to cover post-Covid-19 strategies for: infrastructure, housing, domestic RMI and local, social and domestic construction.
‘The unprecedented challenge of coronavirus calls for unprecedented solutions… I am delighted by the way that the industry has collaborated at pace to develop this plan, targeting those interventions that will help the industry get back on its feet as quickly as possible… We hope that everyone will take the opportunity to read the plan and consider the part you can play in its delivery’ – Andy Mitchell, Construction Leadership Council joint chair