John Cridland, the CBI director-general, has urged the government to invest £1.5 billion into major infrastructure projects that will boost the economy and create new jobs.
The CBI says that the government should back the construction sector, by introducing measures including investment tax breaks, and business rate reductions.
Such measures will encourage further financial investments and pave the way for more employment opportunities in the trades.
But the CBI chief also called for a focus on projects such as the Thames Tideway “super sewer” tunnel in London and the Hinkley Point nuclear power station in Somerset to give the economy an ‘Olympic-style shot’ in the arm.
“We need an industrial Olympics, with big schemes which can make a real difference,” Mr Cridland told the Evening Standard.
And in the Guardian he is quoted as saying: “Kennedy said at the start of the 60s that America would put a man on the moon by the end of the decade and it did, even though sadly Kennedy was not around to see it. We need the sense that we are just going to do these projects.”
Mr Cridland highlighted the need for improvements in the UK’s rail and road networks that are vital for strong economy and future growth.
Plans to deliver a £17 million multi-use leisure centre for Queens Park residents in London have been given the go-ahead by Westminster City Council.
The scheme, which has cross value of £60 million, will see the building of 120 new homes developed by Regen on two sites within 0.6 miles of each other.
The new sport centre will be located on the existing Moberly site will be developed at no cost to the taxpayer. It will be funded by a private developer, Willmott Dixon, in exchange for building residential properties on both sites.
The Council is expected to benefit from uplift in sales values of the homes during construction which will create new jobs and boost the trades industry.
This type of land arrangement is set to become more widespread as councils look for innovative funding methods from private sector developers to unlock value and increase funds to build new facilities.
Westminster councillor and a deputy cabinet member for sport and the Olympics, Steve Summers, said: “Few councils are in the position of being able to build multi-million new sports facilities in the current financial climate.
“But together with Willmott Dixon, we look forward to working on proposals which will create a £17m sports centre for residents of Queen’s Park together with a smaller sports facility at the Jubilee site. This will all be done at absolutely no cost to the taxpayer, so represents incredible value for money.”
The new leisure facility will have a 25-metre swimming pool, eight court sports hall, health and fitness facility, exercise studios, a health spa plus boxing and gymnastics halls.
Andrew Telfer, CEO at Regen, said: “I am delighted to be working with Westminster City Council on this exciting and ground-breaking scheme.
“With both current leisure centres in need of modernisation, this solution provides a bigger, state-of-the-art property for the local community offering high quality sporting facilities for many generations to come along with much needed quality new homes.”
Building and Construction contractors will be able to take pride and promote their businesses for the good work they have done in building the Olympic venue for London 2012 the day after the closing ceremony of the Olympics, Sports Minister Hugh Robertson has confirmed.
Marketing and regulation rules imposed under the London Olympic Games and Paralympic Games Act 2006 prevents contractors from publicising their contribution in the construction of the Olympic venue until 13 August 2012, the day after the closing ceremony.
Currently, contractors are banned from mentioning their names in relation to the Olympics. This measure is considered to be designed to protect the official sponsors of the Games.
Tessa Jowell, a former Olympics minister, raised the issue in Parliament this week saying that it’s vital for British contractors to be able to advertise the good work they have done, this then would help Britain’s construction sector in the future.
Labour MP Jowell said: “Those businesses that have done so well and are rightly proud of their contribution to this year Games are too tightly bound by the marketing rights protocol which is preventing them from revealing the part they have played.”
What’s your reaction to the measures taken by the government to prevent contractors mentioning their names before the end of the Olympics? Share your thoughts by leaving a comment below:
The battle for the Olympic Stadium has ended after Olympic chiefs decided that no football club gets to own the stadium.
West Ham were supposed to be taking over the Olympic Stadium after the Olympics next summer, but the constant legal challenges from Tottenham and Leyton Orient has put pay to that and the Olympic Park Legacy Company (OPLC) has made a decision and ruled that no one gets it and the stadium will remain in public ownership.
£50 million worth of cash has been put aside to convert the stadium after the 2012 Games and instead of selling it to a football team, the stadium will be leased to a new tenant for an annual rent.
West Ham are understandably surprised and disappointed with the decision and have confirmed they will be bidding for the stadium.
West Ham vice-chairman Karren Brady said in a statement:
“Uncertainty caused by the anonymous complaint to the European Commission and ongoing legal challenges have put the Olympic legacy at risk and certainly a stadium, as we envisioned it, may not be in place by 2014 due as a direct result of the legal delay.
“Therefore we would welcome a move by OPLC and government to end that uncertainty and allow a football and athletics stadium to be in place by 2014 under a new process.
“The true legacy of London 2012 will be the creation of jobs and a generation of young people inspired by sport based around a community home for all by 2014. We remain committed to help deliver that legacy promise to the people of London and the nation.”
So it seems like none of the football teams have got their way, but what do you think about this? Let us know and comment below or join in the debate on our Facebook page.
The Olympic Park Legacy Company has submitted proposals to transform the Olympic Park when the Olympic Games in London finishes next year.
The 5,000 page planning application documents the plans detailing how the Olympic Park could look after the 2012 Games. The plans include transforming the Olympic Park and the Athletes Village into 8,000 new homes.
The plans include building these new homes in five new neighbourhoods on the site, each with a host of community facilities, shops, schools and parks.
Andrew Altman, the chief executive of the Olympic Park Legacy Company, said in a statement:
“As one of the most important housing developments in London’s history, these five neighbourhoods will stitch together the surrounding communities of a formerly isolated area through new homes, schools, shops, parks, infrastructure and jobs.”
The future of the Olympic Stadium has already been dealt with, with West Ham set to move in after the Olympics, and this project would also be a welcome boost for the construction industry.
The Olympics has already created in excess of 12,000 construction jobs and the fact that 8,000 new homes could be built if the plans are approved will only add to that number, which can only be a good thing.
What do you think should be done to the Olympic Park post-2012? Let us know what you think and comment below:
- Train4TradeSkills News: What effect has the 2012 Olympics had on the UK Construction Industry? (train4tradeskills.wordpress.com)