2014 Budget statement from Chairman of Gleeds Worldwide, Richard Steer

This budget just goes to show how integral our sector continues to be to the UK recovery. The boost to housing was expected and I also welcome the doubling of the annual investment allowance for all UK business.

However, I am most pleased to see the £85m set aside per annum for the next two years to support the apprenticeship grants for employers and we must make sure government earmarks this money for our sector.

We must get firms to invest in training again to hire, train and retain our craftspeople who will be the key to us controlling wage inflation as we go forward and manage the recovery phase of the economy. There is a stimulant for youth employment which should encourage apprenticeship schemes.

Richard Steer, Chairman, Gleeds Worldwide.