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Paul Cuatrecasas: Government Taskforce Needed To Drive Tech Adoption In UK Construction

Construction workers

Leading construction technology expert, Paul Cuatrecasas, has today urged the Government to form a specialist taskforce to drive the adoption of cutting-edge technologies in the UK construction industry. Cuatrecasas, who leads specialist M&A and strategic advisory firm, Aquaa Partners, has stressed the need for the sector’s largest firms to reinvent themselves by entering into joint ventures with, or investing in, emerging technology companies.

With the sector still reeling from the impact of the global pandemic, he argues it is vital construction and property firms leverage new technology to boost their margins and drive greater efficiency and resilience, while at the same time reducing human capital and insurance costs.

Led by a small team of a dozen experts, the new taskforce would identify and shortlist between 30 to 50 start-ups from across the globe who are pioneering new technologies that look set to disrupt and transform the construction sector. These firms will then receive government support through joint ventures with established UK businesses...

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