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Plea for investment as industry shrinks again

Civils firms have called for ‘targeted investment’ after construction output fell by more than 5 per cent in the second quarter of 2012.

The industry contracted by 5.2 per cent in the three months to June, according to preliminary figures from the Office for National Statistics.

This followed a 4.9 per cent shrink in the three months to March, and helped drag the UK economy deeper into recession.

Civil Engineering Contractors Association director of external affairs Alasdair Reisner said: “While we welcome steps the government has taken to facilitate long-term growth through infrastructure provision, it is in the interest of everyone to stem the current collapse in the industry.

“CECA believes more can be done to halt this malaise through the unlocking of stalled projects and targeted investment.”

Readers' comments (1)

  • Infrastructure investment isn't all just about BIG headline projects.

    There is a fundamental need to maintain and protect the existing infrastructure to keep the country moving during and after any financial recovery.

    What use will HS2, or a 3rd runway be if no-one can safely drive or cycle to the them ?

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