Chris Penk: Building and Construction Minister on the liquidation rate of construction companies
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
The Building and Construction Minister's confident they're providing the right support while sector liquidation rates remain bleak.
Building Research Association data shows construction companies now make up about a third of all business liquidations – up 25% in 2022.
Minister Chris Penk told Ryan Bridge it's not a great statistic, but they're focusing on what they can control.
He says this includes turning around rules and regulations to make recovery easier.
Penk says the sector's in the midst of a deep boom and bust cycle.
He says times will get better, but they need to do everything in their power to avoid things being tougher for longer.
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