Builders of new developments in China are set to adopt the UK’s green construction standards, following an agreement between the two countries.
The deal signed by UK construction firm Building Research Establishment (BRE) and the Shenzhen Municipal Government will boost the UK supply chain by Â£200m.
A training and research and development centre will be set up in China’s fastest growing city in a bid to create a greener construction industry.
The centre, based in the southern Chinese city of Shenzhen, will deliver training on a national scale, promoting its services and certifying if buildings meet green construction standards. BRE China aims to certify over 1,000 buildings across China over the next two years.
Director ofÂ BREÂ China Jaya Skandamoorthy said: â€œWe hope our international standards, research and training programme will provide a platform for leading companies, British and Chinese, to collaborate on green products, technologies and buildings.â€
Sustainable construction is a fast moving industry in China and the nation hopes that by 2020, green builds will account for 30% of all new construction projects.
The green building deal was agreed on a trade mission led by UK Business Secretary, Vince Cable, and has helped UK firms secure contracts worth millions of pounds.
The agreement promises to have a positive impact on UK businesses looking to export. UK exports to China have doubled since 2008 and are at an all time high.Â Mr Cable said: â€œThe green construction market offers a wealth of opportunities for ambitious British firms and the companies in their supply chains wishing to export.â€
Investing in the global market could be a good move for UK businesses. Around 10% of people in the UK work in construction-related jobs and the building sector accounts for 6.7% of the UK economy. The global construction market is set to grow by 70% by 2025, providing British companies with excellent growth opportunities overseas.
When considering developing your business, don’t neglect your own green energy credentials. Being energy efficient and reducing your consumption ofÂ business gasÂ and electricity will save you money and improve your business profits.
If you have any thoughts on the impact of the deal signed with China, please leave a comment below.