The government unveiled plans on building safety, the National Infrastructure Strategy and environmental principles in the Queen’s Speech yesterday.
Laws to implement new building safety standards were amongst 26 bills set out during the speech, and the Queen also announced proposals on railway reform would be brought forward.
Melanie Leech, chief executive of the British Property Federation, told pbctoday: “Clarity on future infrastructure commitments is always helpful to investors, providing a signal as to where Government is investing.
“However, a strategy is only as good as the investment to support it and public investment is about action, not just words. The capital investment of Government will therefore provide the clearer signal as to how ambitious the Government is.”
The Queen’s speech revealed environmental principles will be enshrined in law for the first time as well, with legislation creating new legally-binding environmental improvement targets and the establishment of a new, independent regulator to scrutinise environmental policy.
Leech continued: “The government has today set out its domestic agenda and we welcome its aspirations on the environment, infrastructure investment and greater regional devolution, plus it moving forward with building safety.
“Many of the other Bills that affect our sector, however, are predicated on Brexit and what form it takes. Until we get greater certainty on that, the sector will not have the conditions it needs to make investment decisions and that must be the priority for Government in the immediate weeks ahead.”
The uncertainty around Brexit has caused continual headaches for the building and construction industry, seeing warehouse availability shrink, an increase in stockpiling and slower growth for many in the sector.