A Hull-based procurement specialist is expanding its remit of services to SMEs with the launch of an investment incubator aimed at shaping the future of the construction industry.
Pagabo said the incubator will enable it to “invest in and guide” SMEs, start-ups and entrepreneurs with support, advice and a platform to take their ventures to the next level.
It will look to provide financial resources in the form of equity or soft loans into these businesses, as well as offering a means of access to Pagabo ecosystem including clients, contractors and wider stakeholders, which will provide support, mentoring and resources.
The incubator is being headed up by Pagabo Executive Chairman, Gerard Toplass.
“We may need more bricklayers and hands-on, physical skills today, but we need to consider the skillset people will need in the future when automation, artificial intelligence and robotics are more widely adopted by the industry,” he said.
“In the next ten years we are going to see a huge shift in the construction industry, thanks to innovation and technology aligned to the changing requirements of the people that work in the industry.
“The attitude to work is quite different to ten or twenty years ago, and there is a growing social conscience amongst younger professionals, along with a drive towards agile working with multi-disciplinary teams,
“We have to consider changing ethics and work together to create a more sustainable future supported by renewable, green energy. We must consider changing attitudes and behaviours, looking after both the physical and mental health of our workforce.
“Simply put, at Pagabo, we want to support the people with the ideas to drive the construction sector forwards, giving them the platform, advice and testing ground required to get ideas off the ground and into reality.”