BPF's Growth Initiatives Report - Kim Vernau comments
- Date: 14/11/2014
Kim Vernau, Chief Executive of BLP Insurance, comments ahead of the launch of the British Property Federation’s Growth Initiatives Report:
“The effectiveness of the Government’s initiatives to stimulate and rebalance economic growth will be crucial to helping the UK’s construction industry move forward. The initiatives will continue to be a core element of any UK Government’s economic growth policy, and with the General Election around the corner it is a good time to make sure that they are delivering as planned.
“Enterprise Zones, Tax Increment Financing and City Deals have sought to empower City Councils with the tools to stimulate and encourage economic growth in their cities, accompanied with financial assistance for long range urban renewal projects. If successful, this should be a significant step in helping to address the imbalance between the South East and the rest of the country.
“As availability of land continues to hinder construction growth in the UK, the Government’s initiative to provide a more coordinated approach, both in terms of the effectiveness and efficiency of the release of public land, should also serve to help promote economic growth across the country.”