Business West responds to the Spring Statement

“The Chancellor outlined some improved long-term growth forecasts from next year, thanks in part to the Government’s planning reform and increased defence spending. These measures are positive for our regional economy, which has a pressing need for new housing, and has a strong defence and advanced manufacturing industry. 

We were encouraged to hear the Chancellor’s plans to tackle the construction skills gap which is hampering the ability to build the homes that we need. This is in line with the recommendations from the Local Skills Improvement Plan, which Business West leads for the West of England & North Somerset, Gloucestershire and Swindon & Wiltshire.

We were also pleased that the Chancellor referenced Swindon in plans to support councils and housing associations bring bids forward for new developments.  This upfront investment in housing delivery will help attract private investment. Business West has been working closely with Swindon Borough Council on bringing forward a new wave of housing in the heart of Swindon. 

It is vital that the focus on business and economic growth continues, and we welcome the Chancellor’s commitment to helping drive this.”

Phil Smith, MD, Business West