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The National Federation of Builders (NFB) has welcomed the government’s industrial strategy, which it says puts UK construction at the forefront of a growing global market and deals with issues closer to home such as payment practices.

The strategy has a number of key aspirations to achieve by 2025, including 50 per cent lower greenhouse gas emissions in the built environment and a 50 per cent improvement in exports. The move most welcomed by the NFB is the 50 per cent reduction in delivery times and the development of the fair payment charter.

Julia Evans, chief executive of the National Federation of Builders, said: “What we have in the industrial strategy is a strong signal that broadcasts the long-term value that co-ordinated efforts between government and industry can bring, while addressing issues that many firms face on a daily basis.

“For the construction industry to grow sustainably and make a long-term contribution to growth, the entire supply chain has to thrive and that will only happen when industry concerns, such as access to finance and payment practices, are adequately addressed. This strategy contains a clear roadmap to that end.”