Umbrella Companies | REC to provide support for umbrella company contractors

REC to provide support for umbrella company contractors

Umbrella company contractors could find themselves getting more support from the REC this year as the Confederation recognises that 2012 is going to be extremely important for the UK’s flexible workers.

The Recruitment and Employment Confederation is expected to lay down a new four-year development plan, along with new campaigns that highlight the role of agencies and raise client awareness. Furthermore, the REC will continue its talks with the government to reduce red tape and set a regulatory landscape that will benefit contractors and agency workers.

Despite continued economic uncertainty, prospects for contractors look hopeful this year. The implementation of AWR does not appear to have had a negative effect on the recruitment industry and demand for temporary workers remains high.

Meanwhile, contractors working in the construction industry could be set to benefit from the housing minister’s plan to get Britain building.

Grant Shapps said recently that he was allocating £420 million into a building fund that could offer lucrative contracts for people in the construction industry this year. He explained that work came to a halt on many building sites during the recession and the money would enable construction work to recommence, creating much needed jobs as well as new homes.

The minister hopes the funding will create as many as 30,000 new jobs as building work recommences on the 16,000 homes that were put on the back burner a couple of years ago.

Developers will be able to apply for money from the fund in the form of a loan or an equity investment.

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