CITB s National Construction College in King s Norton, Birmingham
The Construction Industry Training Board (CITB) has confirmed it plans to keep levy rates unchanged for its next three-year period from 2022-2025, following consultation with the industry.
Between 1 March and 11 April, the CITB consulted with the industry and other stakeholders over its levy plans for the next three years. It has proposed keeping the levy rates unchanged at 0.35 per cent of company PAYE payroll and 1.25 per cent of payments to CIS qualifying subcontractors. Following a board meeting on 21 May, the CITB has now confirmed it will stick with this plan and put it forward for the consensus vote that will take place this summer.
Building and DIY projects are being put on hold because of a supply shortage of cement, timber, steel and paint while homeowners face a major rise in the cost of renovation projects due to skyrocketing demand.
The Office for National Statistics has projected an increase of up to eight per cent in material prices, as shortages of vital construction materials post-lockdown mean that the industry its biggest price surge in two decades.
For instance, the price of timber has risen by more than 400 per cent over the last year, with copper nearly doubling in price during the same period.
Shipping costs have also increased sharply due to a shortage of empty containers from Covid-related issues and the recovery in global demand post-pandemic.
Builders hit by brick shortage and spiralling prices
Industry insiders are reporting steep price increases, with cement costs as much as 30pc higher
22 May 2021 • 6:00pm
Homeowners are facing a rise in the cost of renovation projects as builders are hit by a shortage of bricks, timber and cement.
Shortages of vital construction materials mean that the industry is facing the biggest rise in prices for two and a half decades.
The price of timber has risen by more than 400pc over the last year, with copper almost doubling in price during the same period.
Gareth Belsham from property developer Naismiths said: “Suppliers of key materials like steel and timber are struggling to keep up with surging demand and this is driving prices ever skyward.”
The award-winning renovation that s turned a listed Pembrokeshire farmhouse from wreck to stunning dream home
Former abandoned historic house will now represent Wales in the UK competition
Updated
Award-winning historic farmhouse renovation (Image: Carreg Construction)
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A treasured, historic farmhouse that was in need of rescuing from a future as a derelict building has been saved and totally transformed by a Welsh construction company, and the stunning result of their creativity and hard work has secured them a top prize.
The UK government has made a legal commitment to achieving net zero carbon emissions by 2050 but - in order to achieve this - we need to decarbonise our homes and buildings.
With our existing homes using 35% of all the energy in the UK, and responsible for 20% of carbon dioxide emissions, the National Retrofit Strategy - which is being backed by the Construction Leadership Council - puts forward a plan for upgrades that are vital if we are to meet the country’s net zero targets.
Join our panel of experts leading the way, as we learn how we can put the plan to best use and determine how everyone can adopt the strategy’s recommendations.