The recent budget impacts our consulting role at SPH London, with tangible changes for our clients. Here’s what we’ve learned:
1. Funding for Sustainable Practices
Increased support for green building practices makes sustainability more affordable. We’ve developed cost guides to help clients adopt energy-efficient strategies in hotel, commercial, and residential projects.
2. Planning Reforms for Development
New priorities on brownfield land aim to streamline approvals, benefiting developer clients by speeding up permission processes. This also strengthens our programming and cost accuracy.
3. Skills England Tackling Labour Shortages
Skills England’s focus on reducing the labour gap is crucial, especially for projects needing specialist skills. This investment will bolster our project timelines.
4. Chief Construction Adviser for Compliance
A Chief Construction Adviser role will raise industry standards in safety and compliance. We’ll guide clients through any new standards to ensure quality across all high-risk projects.
5. Increased Affordable Housing Funds
Additional investment in affordable housing opens up new opportunities for residential projects. Our cost management expertise will help clients make these developments more budget-friendly and viable.
These updates affirm our commitment to advising clients on how policy shifts translate into practical project strategies. Reach out to discuss how we can support your development goals.
#Budget2024 #ConstructionConsulting #ProjectManagement #SustainableDevelopment
