The UK real estate industry is fundamental to the UK economy. We create the workspaces for businesses to be productive, and support the delivery of public services and local growth. We want to maximise the contribution we can make to a productive economy that delivers for everyone in the UK, in a sustainable and inclusive way.
We believe that the potential contribution of the real estate sector to clean, inclusive growth can best be maximised by a formal partnership aligning public policy goals with private sector capital and skills. The then Government announced in July 2019 that it wished to negotiate a Built Environment Sector Deal with the sector and we are working to finalise this deal in 2020. In order to maximise the economic and social contribution of real estate we need strong supply chains. We will work to ensure that the Built Environment and Construction Sector deals are aligned to improve supply chain resilience.
The future of real estate will be data driven. The sector is huge but fragmented, with vast amounts of data being captured by both public and private sectors. There is a need to create an environment and structure for all parties to work together to ensure that the real estate sector is increasingly efficient, uses data to improve the built environment’s impact on the world and to mitigate risks. We are supporting the establishment of a cross-industry Real Estate Data Foundation, run by and for the industry and supported by Government.