Chancellor George Osborne is expected to announce tomorrow an extra £5bn of investment for capital projects in the construction industry that will boost the trades and create new jobs.  . In the Autumn Statement, set to be announced tomorrow at 12:30 GMT in the House of Commons, the Chancellor will demand departmental savings of 1% next year and 2% in 2014/15 to raise extra cash for construction projects across the country. The Statement provides an update on the Government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility. MORE >>

This will pave the way for building construction work, creating new jobs and boosting the local economy. Fisher said: “More than 1,000 homes are under construction in Nine Elms along with brand new offices, shops, a new riverside walk and acres of new park land. Wandsworth Council has approved plans to build more than 1,800 new homes in Nine Elm, South London. The 13-acre site will be turned from what was previously a mail sorting office into residential apartments, a new state primary school and a 3.3 acre public park. MORE >>

'The construction industry in Scotland is set to benefit from an initiative to speed up payments to contractors in public sector developments. The trial is an early recommendation of the Review of Procurement in Construction, which is set to report in the summer on how Scotland’s £2 billion public construction contracts are awarded. This should in turn help to preserve Scottish jobs and retain indigenous skills and expertise. Project bank accounts can help to relieve some of that pressure, especially on Scotland’s SMEs. MORE >>

A new £50 million building scheme, close to already proposed Vauxhall Square Development worth £400 million in South West London, has attracted bids from major building contractors including Sir Robert McAlpine, Shepherd, Vinci and Watkins Jones, Construction Enquirer reported today. Building construction work on the project is expected to begin this summer. mixed-use development scheme will encourage business investment in the area and boost the local economy, creating new jobs in the building construction industry. The 180,000 sq. MORE >>

Two thirds from all UK universities are going to spend more than £5 million on new construction work. Ian Vickers from Wates told the Construction Enquirer: “Students are being asked to pay more than ever before for a university degree. What is your reaction to the survey by Wates revealing that the Higher Education sector will be a major source of work for the construction industry? That means that the Higher Education sector will continue to be a major source of work for contractors and trade qualified professionals. added Vickers. MORE >>