Tag: funding
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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…
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Clarion secures £26m of government funding to build affordable homes
Social landlord and Homes England strategic partner Clarion has been awarded £26m of government funding to build affordable housing as demand increases. The funding is channelled through Homes England’s latest £2bn bridge funding programme. The government agency has £9.23bn of cash to deliver at least 100,000 affordable homes outside of London by the end of…
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CITB funding changes: CEO defends ‘quick and decisive’ action
The Construction Industry Training Board (CITB) recently announced a range of changes to its grants and funding system. Here, CEO Tim Balcon tells CM People why the changes have been made and how they will impact the industry Why have the changes to funding and grants been made? For too long, there have been too…
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Trump grantmaking order heightens uncertainty for city funding
Dive Brief: The Trump administration issued an executive order this month intended to streamline and strengthen oversight and coordination of the federal discretionary grantmaking process. The order directs federal agencies to review grant awards to ensure they meet the administration’s “priorities and the national interest” and assess their progress each year. It will also simplify…
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Robotic software startup FieldAI lands $405M in fresh funding
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Irvine, California-based FieldAI, a startup that focuses on physical artificial intelligence for robots, has raised $405 million across two consecutive funding rounds, the company announced on Aug. 20, as builders look for proven tech solutions…
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Transit ROI & System Efficiencies Will Drive Big, Beautiful Transit Funding
Local transit agencies are quickly realizing that the environment to secure funding for transit projects is about to take a sharp left turn, largely influenced by the President’s ambitious “Big, Beautiful Bill.” This landmark legislation, while broad in its scope, signals a distinct shift in priorities for how federal dollars will be allocated to transit…
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Miliband signs off multi-billion funding for Sizewell C
“Today’s green light will ensure the knowledge and skills honed at Hinkley Point C will continue to flow through to Sizewell C’s planning, design, and throughout programme delivery. This maximises opportunities for replication, which we know is vital to deliver new nuclear efficiently, and it will help to maintain the UK’s world-class skills base in…
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Masonry supplier commits funding for bricklayer training
Grayson has announced an investment of £15,000 to help support Site Ready Solutions’ Bricklaying Pre-Apprenticeship Programme. The initial investment will help to scale the training programme, enabling more young people to access bricklaying training. Site Ready Solutions brings together employers, training centres, trade bodies and local stakeholders to remove barriers to entry, streamline the onboarding process…