Labour’s Victory Marks a New Era for Construction Industry and Growth
July 5, 2024
Following the Labour Party’s victory in the 2024 General Election. The National Federation of Builders (NFB) provides expert insights and analysis on what this significant political shift will mean for the construction industry with several key implications for the construction industry. Labour’s manifesto entitled ‘Change’ has a strong emphasis on growth, planning reform, and partnership with businesses, which sets a promising foundation for development for the construction industry under a new Labour Government.
Labour’s manifesto promises an immediate update to the National Planning Policy Framework (NPPF), 1.5 million homes over the next parliament, restore mandatory housing targets, and ensure local authorities have up to date local plans. These measures are expected to streamline the planning process and reduce delays.
A commitment from Labour to maintain and renew the road network, embed public and active travel, and launch significant infrastructure projects, such as Great British Energy, could generate new opportunities for construction companies.
Reforms to procurement rules to better favour SMEs, along with actions on late payments and easier access to capital, would provide much-needed support to SMEs within the construction industry.
Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said:
“After the NFB’s decade long commitment to lobbying government for planning reform, Labour’s recognition of the impacts of a broken planning system is encouraging, and its commitment to fixing the planning system and drive growth through strategic reform is a positive step for our industry. If these promises are fulfilled we can look ahead to more homes, better infrastructure, and stronger businesses.”
Rico Wojtulewicz, Head of Policy and Market Insight at the NFB, said:
“Although planning reform, infrastructure development, and support for SMEs is welcomed, there is a precedent of such plans facing setbacks. The Labour Party must, therefore, provide reassurance that these reforms will be implemented successfully and without delay.”
The Labour Party manifesto raised some concerns over the lack of specific details on essential policy positions, for example, the grey area around promoting biodiversity and tackling pollution. What the construction industry now needs as we transition to a Labour Government, is clarity, detailed policy plans, and realistic timelines on the outcome of these proposed reforms.
The Labour Party now has a unique opportunity to demonstrate its commitment to the growth of our industry. Only time will tell how these policy commitments may come into fruition, however the NFB remains dedicated to working hard to collaborate with the Labour Party on policies that will shape the future of the construction industry, ensuring that our sector remains a top priority for the UK’s economic growth and development.”
You May Also Enjoy
Different Conservatory Designs and Styles
When it comes to selecting a conservatory, the design is paramount in defining its character and functionality. There are several popular designs, each offering a unique aesthetic and purpose. The Victorian conservatory, with its ornate detailing and multi-faceted roof, evokes a sense of timeless elegance. This style often features decorative finials, intricate glazing, and a…
Read More 
Planning Bill is a huge opportunity to save British construction
The Government has finally unveiled the Planning and Infrastructure Bill, introducing a number of measures that change some fundamental elements of how planning works. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The Labour Government is wasting no time in proving that their manifesto pledges on planning reform are real. Planning…
Read More 
Bank of England Mortgage Lenders and Administrators Statistics showing increase in first time buyers
Mortgage Lenders and Administrators Statistics – 2024 Q4 The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. Key findings The outstanding value of all residential mortgage loans increased by 0.5% from the previous quarter to £1,678.2…
Read More 
Law Firm Sees 94% Increase In Home Sellers ahead of Stamp Duty Change
Taylor Rose, the leading independent law firm, has seen a 94% increase in conveyancing instructions compared to last year. Data reveals that Taylor Rose has received 5,297 instructions – the point when a buyer moves forward with the purchase agreement of a property – in January and February 2025 compared to 2,738 in the same…
Read More 
The Importance of Using the Correct Parts and Safety Measures in Mechanical Operations
Mechanical operations involve complex machinery and equipment that require precision, durability, and strict safety protocols. Whether working in manufacturing, automotive repair, or industrial maintenance, using the right components—such as a choke cable, Numatic spare parts, or implementing safety measures like a retractable barrier—is crucial for operational efficiency and accident prevention. This article explores the significance…
Read More 
Breaking Property News 11/03/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Aurelius company tmGroup acquires Veya Press Release – London – tmGroup, a leading provider of property data and technology solutions, is pleased to announce the acquisition of Veya, an innovative title deed analysis and early warning platform. This strategic acquisition comes quickly after the business recently…
Read More