The new government needs to provide strong leadership for private companies looking to fill the public spending gap in commercial development, it is claimed.
The UK
commercial development market will need strong and clear leadership from the government if it is to survive massive public spending cuts, it has been claimed.
In guest piece for the Liverpool Daily Post, David Sayer of
property investment consultants GVA Grimley said that a joined-up approach from private and public groups is essential, regardless of party politics.
The public sector has played a major role in the development of the city of Liverpool, so it is now essential that well-guided private initiatives step in to fill the gap left in the wake of spending cuts, Mr Sayer wrote.
"Businesses will be affected in many different ways and it will be critical for government to provide as much assistance to them as possible," he added.
GVA Grimley announced in its Spring 2010 report that although some effects of the recession, such as credit tightening, were beginning to fade, in certain areas of the country the impact of the recession is becoming more significant.
Posted by Tess Nelson.
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