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Sustainable Building Futures can help construction SMEs

12 February 2013 No Comment

A £5 million scheme will help small to medium-sized firms (SMEs) in the West Midlands exploit growing opportunities in sustainable construction, reports bdaily.co.uk.

Funded by Coventry University alongside the European Regional Development Fund (ERDF), ‘Sustainable Building Futures’ is a project that  hopes to transform SMEs’ approach to construction by introducing sustainable construction initiatives and technologies.

Two Engineers at a Wind Turbine Power Station

Introducing sustainable construction initiatives and technologies

The scheme, which will run until 2015, also hopes small businesses can win large contracts and be part of ‘quality supply chains’ as a result of the fund.

For instance, specialist support and advice will be provided to groups of firms or on a one-to-one basis, according to specificationonline.co.uk.

However, in order to access these services, businesses must meet a number of parameters. For example, firms must have fewer than 250 full-time employees alongside less than £5 million turnover. Businesses must also have less than £30 million balance sheet net worth and be less than 25 per cent owned or controlled by a non-SME.

Exploiting growing opportunities in sustainable construction

Sustainable-construction-2 According to a Sustainable Building Futures document, eligible business must also be active within the building technology sector and “be likely to increase market share”.

Overall, more than 60 firms have used the service, which provided seminars and advice from consultants on how to make the best of new technologies and new product development – since its launch at the end of 2012.

Author: Ashley Curtis    Date Written: 12 February 2013

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