Clarkslegal LLP - Solicitors in Reading and London

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2016 Budget – Construction Implications

06 April 2016 #Construction


Clarkslegal, specialist Construction lawyers in London, Reading and throughout the Thames Valley.

There was little of direct interest in the 2016 Budget for construction practitioners, but the following themes were developed by the Chancellor and will have implications for those involved in the construction industry:

Apprenticeship levy

This is an idea targeted at funding new apprenticeships with a levy on large UK employers. The levy will be introduced in April 2017, at a rate of 0.5% of an employer’s wage bill.

Building Information Modelling

The government will develop BIM level 3 for the construction industry, the 2016 Budget reported.

Housing

The 2016 Budget announced the launch of the Starter Homes Land Fund prospectus. Local Authorities will be able to access £1.2 billion of funding to facilitate the use of brownfield sites for new housing, in order to deliver at least 30,000 starter homes.

Infrastructure

A number of major infrastructure initiatives were confirmed, including HS3 between Leeds and Manchester; an investment of £80 million to develop Crossrail 2; the launch of a second roads investment strategy; and an additional £700 million by 2021 to spend on flood defences.

For further information about this or any other Construction matter please contact Clarkslegal's construction team by email at constructionsector@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.

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