£600m Scottish South-West hub deal will boost the trades

Scottish Future TrustThe South-West of Scotland is set to receive more than £600 million infrastructure investment over the next ten year that will create new trade jobs.

Creation of the South-West hubCo has been welcomed by construction firms across the region as a boost for securing future work in the building sector.

The multi-million deal was struck by six local authorities, three health boards, emergency services and other public bodies that will help secure long-term local employment opportunities.

Bill Martin, programme director of the South-West hubCo programme board, explained: “The structure of this relationship means that it will bring real opportunities to local businesses as over 80% of the construction value will be competitively tendered to SMEs on the supply chain.

“We are delighted with the outcome of the agreement which will deliver innovation and better value-for-money on all our construction projects.”

Nick Parker, chief operating officer of Equitix and a Director for Alliance Community Partnerships, stated: “We are very much looking forward to building a successful and long-lasting partnership with all organisations involved in the South-West hubCo, delivering much-needed projects and investment in the local communities.”

“Importantly, the formation of the South-West hubCo will facilitate the creation of new employment and training opportunities for local companies in challenging economic times.”

The Scotland-wide hub initiative is led by the Scottish Futures Trust and reflects a national approach to deliver new community infrastructure valued at more than £1.5bn over the next 10 years.

It brings community planning partners including health boards, local authorities, blue-light services and other public bodies together with a private sector development partner to form a hubCo, to increase joint working and deliver best value.

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Posted on January 30, 2013, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, Career change, Climate Change, Construction, construction jobs, construction news, Employment, Environment, Government, Infrastructure, jobs, Politics, t4ts, Technology, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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