The plans will see the demolition of the London Fruit and Wool Exchange which will make the way for a six-storey building for office and retail use to be build.
The Mayor believes the site and its location are vital to the prosperity of this fast developing part of the capital and to London’s wider economy.
Mayor Johnson used powers granted to him in 2008 to support the application, which had previously been refused planning permission by Tower Hamlets Council.
He said: “The historic London Fruit and Wool Exchange, in the heart of London’s East End, is a former commercial epicentre to which producers and buyers flocked from miles around to do business.
“These plans will not only restore the façade to its former glory, but regenerate the Spitalfields area with thousands of new jobs, and brand new commercial opportunities.
“It will also make a vital contribution to the wider London economy and have a significant impact not just on Tower Hamlets but on surrounding boroughs as well.
“I can find no reason to refuse permission and am of the firm view that this ambitious and important redevelopment should go ahead.”
The UK Green Building Council (UKGBC) has announced the launch of a new project that will kick-start the Green Deal and creates new jobs.
Speaking alongside climate change minister Greg Barker at the Conservative Party conference in Birmingham, UKGBC’s chief executive Paul King welcomed the implementation of the scheme and outlined its potential for stimulating economic growth.
Mr King praised the Government’s commitment to the scheme, but warned that it needed adequate support to accelerate the level of uptake and implement its objectives.
He said: “The Green Deal still has the potential to be truly revolutionary in driving mass home retrofit. This new market could, if nurtured properly, create jobs, stimulate economic growth and protect consumers from ever-rising energy prices”.
Diana Montgomery, chief executive of the Construction Products Association, which is supporting the new project, said that despite the strong industry support for the Green Deal, more needed to be done to encourage households to take it up.
Dr Montgomery said: “Collaborating with the UK-GBC on this Green Deal Task Group project will help us to ensure that we can help Government effectively navigate the options they have available to them for capitalising on that opportunity.”
Incentives to be included:
- Stamp duty banding/rebates
- Council tax banding/rebates
- Energy efficiency feed in tariff
- Subsidised interest rates for Green Deal
- Low interest loans (outside Green Deal)/ Green mortgages (underwritten by Government)
- Lump sum grant/payment (cashback/vouchers)
- Progressively tightening minimum standards, inc. extending to owner-occupied sector
- Salary sacrifice (tax free scheme) through work/tax credits
- VAT cut extension to a wider range of measure
Over forty organisations have today joined forces to set out a long-term vision for the development of offshore wind in the northern seas that will boost the green economy and create new jobs.
The new network, called Norstec, includes world leading manufacturers, cutting-edge developers, supply chain firms as well as industry bodies representing the trades.
Its mission is to maximise the energy potential generated across the northern sea region which will benefit businesses in the renewable industry and boost the trades.
Prime Minister David Cameron, who first introduced Norstec at the Clean Energy Ministerial in April, emphasised on the benefits offered by the production of clean energy and encouraged the use of renewable resources.
Mr Cameron said: “I continue to be strongly supportive of the UK offshore renewables sector and am delighted to see Norstec rising from the waves.
“As I said, when I launched this network last April, we are on the cusp of a second, clean energy revolution in the North Sea. Close collaboration between industry and government will be critical to making this happen.”
Energy and Climate Change Secretary, Edward Davey, said: “The offshore wind industry represents a massive growth opportunity for the UK and our neighbours around the northern seas, bringing jobs and re-energising once thriving industrial heartlands on the East Coast and beyond.
Mr Davey said that the Government is determined to work closely with businesses in order to make the most from offshore renewable resources.
He said: “Norstec will help the offshore wind industry in the northern seas to grow and create a new industrial revolution, driving economic growth across this part of Europe. I’m delighted to see the potential for offshore wind deployment in the northern seas set out so clearly and vividly.”
Trade Minister Lord Green and Olympic Ambassador Sebastian Coe vowed today to build on the success of the Olympics and Paralympic Games by working with industry to promote British skills around the world.
An Olympics Legacy programme of trade missions and companies in the building construction sector will build on the successful completion of the Olympic venue which is set to bring £13 billion to the UK in the coming months and years.
Olympics Legacy Ambassador to the Prime Minister, Sebastian Coe, said that the Olympic legacy which London 2012 left is ‘once-in-a-lifetime’ opportunity to showcase British business excellence to the world.
Coe, who is also a double Olympic Champion and 12-time world record holder in athletics, said: “The extraordinary success of the London 2012 Games has shown the best of Britain to the world and now our focus turns to securing a lasting legacy. We have already witnessed the incredible regeneration of east London, with world class facilities and a new urban park created.
“We now need to ensure that organisations up and down the country use the positive impact generated by the Games to reach out to new markets and grow their businesses.
“The British Business Embassy at Lancaster House has brought together business leaders from the UK and all over the world in a showcase of Britain’s industrial strengths and successes.”
Trade and Investment Minister, Lord Green, said that the Games have provided excellent chance to enhance Brittan’s business links with the rest of the world that will bring significant investment to the economy.
Mr Green said: “The British Business Embassy has hosted 4,000 business people from large and small firms alike. The connections they have made will deliver real economic dividends.
“We are now working hard, alongside firms around the country to follow up the contacts, networks, announcements and momentum created by the Games.”
The Prime Minister, David Cameron, has written to 100 Conservative MPs, who recently complained about wind farm subsidies and demanded cuts to the £500 million a year, paid to the wind power industry.
The 100 MPs, who wrote to the Prime Minister last month, expressed concerns that wind farm proposals are not welcomed by local residents and that they might damage the natural landscape of Britain.
The Prime Minister shared a robust defence of the government’s plans to continue with its commitment to support renewable energy projects across the UK. Mr Cameron echoed strong support for wind farm subsidies, describing them as vital investment for the creation of green jobs and reducing carbon emissions.
Mr Cameron said: “On-shore wind plays a role in a balanced UK electricity mix, alongside gas, nuclear, cleaner coal and other forms of renewable energy, a portfolio of different supplies enhances energy security and prevents the UK from becoming over-reliant on gas imports.”
However, Mr Cameron said he sympathised with local residents’ concerns but the national interest of Britain had to be considered in order to fulfil its commitment to meet targets for renewable energy and to cut greenhouse gas emissions.
What is your reaction to the Prime Minister’s support for the renewable industry? Are you more optimistic about the future of wind farms after Cameron’s backing? Share your thoughts by leaving a comment below:
A leading renewable energy company has called upon the Government to stop councils going against laws intended to encourage solar power schemes.
Clear rules spell out how homeowners can have solar PV installed as long as the work is done by a fully approved contractor.
However, a number of councils are going against the Government’s guidance by wrongly telling people they require planning permission or Building Regulations approval.
David Hunt, a director with Eco Environments, said: “The Government’s rules are clear. Planning permission is not required unless you live in a listed building or conservation area and Building Regulations are not required as long as the homeowner uses a contractor under the Government’s Competent Person Scheme.
“The Government needs to make it absolutely clear to local authorities everywhere that they have a duty to adhere to these rules rather than standing in the way of progress.”
David added that he had been contacted by Shadow Energy Minister Huw Irranca-Davies who had promised to raise the matter in Parliament. Fellow Shadow Energy and Climate Change Minister Luciana Berger has also pledged to take the matter up with the Government as has Conservative MP Rory Stewart.
The recession has hit everyone hard and unfortunately it isn’t about to get better, with the government’s proposed spending cuts looming over everyone. Unfortunately the construction industry isn’t immune to this, with 100,000 jobs set to go in the next few years, according to a new report.
The research from PricewaterhouseCoopers (PwC) indicates that construction is likely to be one of the most affected areas in the UK, with an estimated 104,000 jobs expected to be lost, which is the second worst affected area. Northern Ireland is the most affected area, with job losses of 5.2% or 36,000 jobs, with areas like London suffering 3.1% job losses. John Hawksworth, the chief economist at PwC, says:
“The construction sector could see large cuts with an output loss of around 5% leading to over 100,000 job cuts. This reflects the greater exposure of this sector to cuts in public sector capital investment, which are particularly severe.”
It may seem all doom and gloom, but there are still jobs available in the construction industry. New initiatives and schemes are going ahead all the time across the UK, which create thousands of trades jobs. But the way forward is green construction jobs. With the current government promising to be the “greenest ever”, this costs money and new ways to create energy and electricity that help the environment are constantly being found.
Environmental construction work is the way forward, as in the last few weeks there have been details of hydro power schemes, nuclear power plants and even power station using chicken litter going ahead, which will all create construction jobs. These spending cuts are severe, but they are by no means the end for the construction industry.