Tag: funding
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Cement producer pauses factory construction after funding pullback
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Sublime Systems, a low-carbon cement manufacturer, has paused construction of its forthcoming manufacturing plant in Holyoke, Massachusetts, and laid off 10% of its staff, according to a statement from the company sent to Construction Dive.…
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CITB apologises for ‘short notice’ ahead of funding and grant cuts
Commenting on the changes, Tim Balcon, CITB’s chief executive, said: “First and foremost, we want to apologise for the short notice for some of these changes. This was done to avoid surge claiming that will put our ability to support employers at risk. We had planned to transition our funding model gradually, giving employers time to adjust.…
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Government unveils plans for 50,000 new apprenticeships
A £725m package of reforms to the apprenticeship system will help to tackle youth unemployment and drive economic growth, according to the government. The funding includes £140m for a pilot scheme which will allow mayors to connect young people – especially those not in education, employment or training (NEET) – with thousands of apprenticeships at…
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Small Businesses Need Funding to Sustain Growth Plans
Ahead of the Autumn Budget, with small business owners already worried about the prospect of tax hikes, 53% of UK small business owners say they need to secure funding or finance in order to invest in growth plans for 2026. The need for finance is most acutely felt in London (65%) – the engine-room of…
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Will Trump kill federal funding for public transportation?
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The Trump administration may eliminate the mass transit account of the Highway Trust Fund and prohibit states from using highway formula dollars for transit projects, according to Politico. If passed as part of the Surface Transportation Act…
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What Startup Funding Reveals About the Future of Construction Technology
If the seeds of tomorrow’s construction technology are sown today, what does the future look like? Nymbl Ventures’ Q3 2025 ConTech Market Report reveals interesting data on the ConTech scene. A growth curve First of all, Construction Tech (“ConTech”) is performing well compared to other built environment technologies. According to Nymbl, VC investment in the…
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AI, robotics push built environment funding to $4.4B influx
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Built environment funding reached $4.4 billion in the third quarter, a 66% year-over-year increase bolstered by a continuing groundswell in artificial intelligence and robotics startups, according to a Nov. 5 report from Chicago-based Nymbl Ventures,…
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As stadium boom resumes, ‘private funding’ often comes with public strings
When the deep-pocketed Denver Broncos ownership group announced its plans for a new football stadium in September, city and state leaders applauded its pledge to privately finance both the stadium and a new mixed-use district surrounding it. But the Broncos’ announcement contained some notable fine print. The multibillion-dollar stadium complex won’t be entirely funded by…
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West Midlands mayor commits £75m to boost construction skills
West Midlands mayor Richard Parker has announced a £75 million construction skills package to train more than 12,000 people over the next three years. The funding aims to support people into work, as well as upskilling the current workforce, with a focus on skills in areas such as bricklaying, engineering, design, plastering and painting. Funding…
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Work continues on NYC megaprojects, despite $18B federal funding pause
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Contractors on two of New York City’s largest infrastructure projects will keep digging, but they might glance over their shoulders toward Washington. A pair of the Big Apple’s infrastructure darlings, the Gateway Program and the next phase…