A new regeneration scheme in Billingham will pave the way for more construction work as Stockton Council gives the green light to build a new library worth £2.5 The project is one of the largest improvement schemes among other construction projects in town. Recent investments in building and construction projects have been crucial measures for the government to secure economic growth and create new jobs. million. Mr Smith said: “This is tremendous news for Billingham and honours the council’s commitment to create such a facility in the town. added Councillor Smith.

As reported by BBC News today, homebuilder Redrow has announced plans to raise £80 million of new shares to fund its expansion plans, which will create growth opportunities for the building construction sector. Redrow has secured planning for more than 3,000 plots across the UK and acquired new sites totalling £50 million which are likely to create more employment opportunities for trade professionals. The housebuilder told the Financial Times that it intended to acquire more land ‘as and when opportunities arose’, as well as developing land bought cheaply during the recession.