Autumn 2017 Budget: key construction announcements
On the 22nd November 2017 the Chancellor of the Exchequer presented his Autumn Budget to Parliament.
The 2017 budget addressed the requirement of increased funding in the construction industry. It was announced that £15.3 billion of new funding would go towards supporting the building of houses over the next five years. This is with the aim to achieve a target of 300,000 new homes a year. In addition to this £34 million has been set aside to support the teaching of construction skills.