16/12/2008

Give Us More Details On Spending Plans, Says CEF

The body representing building employers has called on the Northern Ireland Executive to spend every last pound in its budget for this financial year.

The Construction Employers' Federation, responding to yesterday’s spending plan announced by Finance Minister Nigel Dodds, asked for greater details on proposals for the sector.

CEF Managing Director John Armstrong said: "For the good of our economy we urgently need the Executive to convert these good intentions and positive sound bites into real construction jobs on the ground."

According to the CEF around 10,000 jobs have been lost in the sector since the downturn began to hit hard during the summer.

The body has predicted a further 20,000 jobs could be shed in the New Year, if the industry does not accelerate.

Mr Armstrong said every job in the building sector contributes to the overall wealth of Northern Ireland.

"Already, thousands of people have lost their jobs in this industry and this is having a knock-on effect on the rest of the economy," he said.

Mr Armstrong claimed it was difficult to deduce what pieces of Mr Dodds announcement were new initiatives.

He said: "The construction industry needs the projects to be named, the construction value, when they will actually hit the ground and how they will be procured."

Despite welcoming the Executive’' move, the CEF also demanded more details on government support for apprenticeship programmes and funding for co-ownership schemes.

"It is more important than ever that the public sector breaks its tradition of underspending. Every pound available to spend in this financial year must be spent," added Mr Armstrong.

(PR)

Related Northern Ireland News Stories
Click here for the latest headlines.

26 January 2017
NI Firm Secures New Premises In Dundalk
NI firm Almac has announced a multimillion investment in Dundalk, Co Louth. The Craigavon based firm has secured new premises at IDA Business Park to support its ongoing global expansion plans in response to increased client demand. The firm will also create an additional 100 jobs within the first two years.
02 April 2024
£16.3m Investment Announced In New AICC
A £16.3 million investment in a new state of the art Artificial Intelligence Collaboration Centre (AICC) at Ulster University in partnership with Queen's University Belfast has been announced.
28 February 2024
PAC Group To Create New Jobs With £1.3m Expansion
Belfast's PAC Group has announced that it will create new jobs with a £1.3 million investment in its engineering operations. The expansion follows export contract wins of £2.
24 January 2024
NY FinTech Firm Creates Almost 300 New Jobs In Belfast
DailyPay, a New York-based financial technology (fintech) frm has announces its first international expansion, establishing a new Northern Ireland base and creating 293 new jobs. The £24m investment by DailyPay was secured for Northern Ireland after Invest NI's U.S.
27 February 2013
Bomb Alert Was Hoax Says PSNI
A bomb alert in Newtownabbey has been declared a hoax. PSNI have described the security alert as an "elaborate hoax". The M5, was closed in both directions from Hazelbank to Doagh Road, on Tuesday night. All roads have re-opened.