The Government has committed $37.485M to continue the work of achieving a thriving, fair and sustainable construction sector. The funding will support the Construction Sector Accord (Accord) to deliver its Construction Sector Transformation Plan 2022-2025.

The funding supports the sector to achieve a renewed set of transformational goals under the new plan, to be launched in July. The new Transformation Plan has a greater focus on:

• the Māori construction ecosystem

• strengthening capability and productivity across small to medium enterprises

• driving innovation

• reducing carbon emissions.

These initiatives are aimed at achieving the Accord’s vision of a thriving, fair, and sustainable construction sector that enables the well-being of Aotearoa New Zealand’s people and its environment.

Accord Transformation Director Dean Kimpton said, "This new funding is a significant step up for the Accord and will allow us to support a greater range of initiatives to transform the sector." The Construction Sector Accord was the country's first Industry Transformation Plan and was launched in April 2019. Industry Transformation Plans are in progress for eight industries with significant potential for transformational change:

• Construction

• Agritech

• Advanced Manufacturing

• Digital Technologies

• Food and Beverage

• Forestry and Wood Processing

• Fisheries

• Tourism. 

More information about the Accord’s Transformation Plan can be found here.