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Building for the future: The potential importance of the construction industry in Welsh economic development policy

Miller, Christopher J., Packham, Gary A., Pickernell, David G., & McGovern, Mark F. (2004) Building for the future: The potential importance of the construction industry in Welsh economic development policy. Construction Management and Economics, 22(5), pp. 533-540.

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Abstract

Government aid offered to Wales, and largely spent on attracting foreign direct investment, has yet to provide tangible benefits in terms of relative economic prosperity and sustained job creation. The present policy focus is therefore now concerned with creating innovative solutions led by local individuals, firms and communities. New economic strategic aims and objectives have failed to attach significance to the potential importance of the construction sector in assisting this economic regeneration of regions and, in particular, the benefits that can be derived from the development of the small construction enterprise (SCE). It is argued that for the SCE to survive and grow, it is necessary both to acknowledge the role of small firms and to develop beneficial training packages. Moreover, it is imperative that such new initiatives engender an inclusive culture that meet the needs of all contracting parties and aspires to the notion of increased profitability for all.

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5 citations in Scopus
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ID Code: 8265
Item Type: Journal Article
Additional Information: For more information, please refer to the journal's website (see hypertext link) or contact the author. Author contact details: m.mcgovern@qut.edu.au
Keywords: Small construction enterprises, government policy, training and development, Wales
DOI: 10.1080/01446190310001649128
ISSN: 1466-433X
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2004 Taylor and Francis
Deposited On: 26 Jun 2007
Last Modified: 29 Feb 2012 23:09

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