Developers are taking a hard look at their pipelines in an effort to find savings and many projects are grinding to a halt. Redrow, Taylor Wimpey, Bovis, Barratts, Persimmon – each laying off thousands from their workforce. There’s no doubt that the credit crunch is taking a deep bite out of the construction sector. In addition, oil and energy prices are exacerbating the situation, rising continuously for the foreseeable future.
All this comes at a time when the UK is looking to new build projects to help it meet a significant proportion of its carbon and renewable energy targets, some of which are legally binding and carry fiscal penalties for failure.
carbon limited 