Hyslop calls for restoration works VAT reduction
November 9 2011
In a plea to Westminster Hyslop said the existing 20% rate should be slashed to boost construction activity.
Hyslop said: “We need to be smarter about re-using existing buildings. Demolition is inherently expensive, and construction waste is estimated to make up one third of all landfill waste in the UK.
"Restoration is a sustainable and viable option that uses fewer resources but provides more employment. For every pound spent, you could get twice as much local employment and use around half of the resources.
"Refurbishment of older buildings and areas, especially those of heritage value, usually acts as a catalyst for wider regeneration. It also helps to foster traditional building skills."
Hyslop will lead a Scottish parliament debate on ‘the importance of architecture and placemaking to the economy of Scotland’ at 14:55 on November 10.
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