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MMC could create a £40 billion-a-year export market for post-Brexit Britain

August 2018

A new report from contractor and consultant Mace, has highlighted how a global urban renaissance - with more than half of all global populations living in cities – is likely to lead to increasing demand for high-rise living.

“By embracing MMC technologies developed in Britain, homes, offices and schools across the world could be built more quickly and more safely,” Mace said.

The paper claims that if MMC allowed the UK construction industry to export the same amount of global industry value as the UK automotive sector, then its annual exports would increase by £39 billion.  It identified the USA, India and China as the fastest-growing markets that Britain should target.

But it also warned that unless the construction sector and the government embrace MMC, the UK will be unable to deliver on the number of homes that have been pledged by politicians.

The report sets out a number of recommendations to reform the sector and establish Britain as a global leader in MMC including accelerating planning consents for projects using MMC that can demonstrate faster, better and greener developments than traditional approaches; and earmarking unused or underused urban spaces for pop-up off site construction sites.

Mark Reynolds, Mace’s Chief Executive, said: “The construction sector can be a jewel in Britain’s post-Brexit exporting crown.  Thanks to a legacy of pioneering achievements, the UK is respected throughout the world as experts in delivering major, complex and innovative construction projects.  Embracing modern methods of construction and exporting our knowledge around the world could lead to billions of pounds more in trade and help build new relationships with major markets around the world.”

More at: https://www.macegroup.com/

Source: Construction Manager Magazine.

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