Engineering contractors could benefit from government’s £15b road investment
Engineering contractors will be interested to learn that latest government investment could very well boost job opportunities within the sector.
In what is said to be the biggest upgrade to roads in a generation, Transport Secretary Patrick McLoughlin and Chief Secretary to the Treasury Danny Alexander made the announcement that the £15 billion ‘Road investment strategy’ by the UK government will increase capacity, as well as improving the condition of England’s roads.
Over 1,300 new lane miles will be added by schemes being delivered over the next parliament on motorways and trunk roads, tackling congestion and fixing some of the most notorious and longstanding problem areas on the network.
£1.5 billion will be put towards an extra lane onto key motorways to turn them into ‘smart motorways’, boosting connectivity between London, Birmingham, Manchester and Yorkshire.
Chancellor of the Exchequer, George Osborne, commented, “Our Long term-economic plan means today we can invest an unprecedented £15 billion into Britain’s infrastructure to improve repair and expand our roads.
“Our plans will transform some of the country’s most important strategic routes
“For years our roads have been neglected. Now that this government is fixing the economy, we can afford to invest properly in our roads – unlocking jobs for the future and local growth by creating a road network that is fit for the 21st century.”
According to engineering recruitment firm Matchtech, this latest government proposal will stimulate growth and create more jobs.
Keith Lewis, managing director at Matchtech, said, “Investing £15 billion in the UK’s road infrastructure should boost economic growth and create jobs, all of which is welcome news. The challenge will be ensuring that we have the talent resources to complete these projects.
“The UK engineering sector is experiencing a significant talent shortage, with research that we have just undertaken among 3,500 engineers showing that 95% believe there is a skills shortage in their industry, caused by an ageing engineering workforce that is seeing many experienced professionals nearing the end of their careers, and a shortage of students taking STEM (science, technology, engineering and maths) subjects.
“Of those surveyed for the 2014 Matchtech Confidence Index, three-fifths of engineers (61%) working in the UK’s £1.06 trillion turnover engineering industry say that they are confident the industry will grow its revenues and income in the coming 12 months.”
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