Week commencing 3 October 2016

In today's bulletin

• Construction sector bounces back to growth
• Government launches Home Building Fund

• Bristol, London, Nottingham and Birmingham in Europe’s top 10 for house price growth
• Government gives green light to fracking in Lancashire

Property, Planning and Regeneration

Mass build for new rental homes needed

1.8 million new homes for rent are needed after new figures showed a sharp drop in available properties, according to the Royal Institute of Chartered Surveyors (RICS).
Rising house prices are predicted to cause a jump in potential renters, a rise which RICS say the market is not ready to accommodate.

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Construction sector bounces back to growth

September saw the construction sector posted growth figures for the first time since May, according to the latest Markit/CIPS UK Construction
Purchasing Managers’ Index. Strong growth in civil engineering projects and a rebounding residential sector were the chief causes of growth.

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Government launches Home Building Fund

The latest government pledge to invigorate housebuilding was announced on Tuesday 4 October by the Chancellor, Rt. Hon. Philip Hammond MP, and Secretary of State for Communities and Local Government, Rt. Hon. Sajid
Javid MP. A new £3 billion Home Building Fund is designed to give loans to small and medium builders, with the intention of building 25,000 homes in this parliament and 200,000 more in the longer term.

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Bristol, London, Nottingham and Birmingham in Europe’s top 10 for house price growth

The house price growth of four English cities places them in the top 10 fastest growing cities in Europe, according to Knight Frank’s Global Residential
Cities Index. House prices have increased globally by an average of 5.5%.

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Two new schools needed each working day until 2020

The UK needs to build 2,122 new schools to accommodate an extra 729,000 pupils by 2020, according to Scape Group’s latest ‘School Places Challenge’
report. They report an expected increase of 8.6% in primary schools and 12% in secondary schools in England alone.

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UK housing market continues downward trend

The UK average house price growth has eased from 6.9% in August to 5.8% in September, meaning the average UK house price is now £214,024, according
to Halifax’s house price index Mortgage approvals are still on a downward trend however, with 30 now the average age of a UK first-time buyer.

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Full steam ahead for British train journeys

The number of British train journeys is continuing to rise as the rail industry invests billions in new trains and service improvements. Recent figures
published by the rail regulator show that there were 418.5million journeys in the first quarter of 2016-17, up 1.6 per cent on the same period a year earlier.

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Train planner apprenticeships launched

A new apprenticeship scheme for future transport planners has been launched by the Chartered Institution of Highways and Transportation (CIHT)
to encourage young people to take up a career in the profession.

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Energy and environment

Government gives green light to fracking in Lancashire

On Thursday 6 October the Government gave the go-ahead for Cuadrilla to carry out horizontal fracking of shale rock in Lancashire. The landmark ruling by Secretary of State for Communities and Local Government, Rt. Hon. Sajid
Javid MP has angered environmentalists and local campaign groups, who see it as a denial of local democracy.

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UK agrees aviation emissions deal with 190 countries

The UK and 190 other countries have struck a global climate deal to combat aviation emissions. Finalised on Thursday 6 October, the deal will see airlines
offsetting their emissions with the target of achieving carbon neutral growth for the sector from 2020 onwards.

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Wales doubles its recycling levels over 10 years

Figures for the past year show that Wales is recycling double the waste it was a decade ago. According to the figures, published by the Welsh Government on Thursday 6 October,
Welsh local authorities have also reduced the amount of biodegradable municipal waste sent to landfill by 80% over the same period.

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Other News

UK service sector’s recovery from Brexit vote continues

The UK service sector continues to bounce back from the shock of the EU referendum vote, according to Purchasing Managers’ Index survey data from IHS Markit and CIPS. The figures published for September found that new
business grew at its fastest rate since February, and business activity rose for the second month running, following the sharp drop in July linked to the vote to leave the European Union.

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