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Alex Salmond hopes for �£400m to aid Scottish construction sector
20th July 2012 | Construction Signs
Posted by Ben Alexander
Scotland's first minister Alex Salmond is seeking a £400 million cash advance from the UK government in order to half the decline of his country's construction industry.
New figures showed that the building trade reduced by 6.9 per cent during the first quarter of this year.
Mr Salmond is hoping that he can put the cash into 34 "shovel ready" infrastructure projects as part of a £5 billion building injection.
"There is a dam ready to burst in terms of insolvency and we are already starting to see the cracks appear. Companies are under pressure to compete on suicidal margins and many are holding on by the skin of their teeth," chief executive of the Scottish Building Federation Michael Levack told the Daily Record.
Mr Salmond added that the Scottish government sent a list of projects to UK ministers earlier this year, however no "immediate action" has yet to be taken by David Cameron.
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