Construction News
20/10/2016
Brexit Uncertainty Stagnates Growth In UK Construction Sectors
New figures have revealed growth in the majority of UK construction sectors is slowing down due to uncertainty surrounding Brexit.
The latest Royal Institution of Chartered Surveyors (RICS) Construction Market Survey states while there was a 19% rise in the amount of chartered surveyors reporting rising workloads, this is largely slow compared with growth trends over the last three years.
The largest increase was experienced in the Midlands (30%) while London and the South East saw growth levels decline "significantly", largely due to a slowdown in private commercial sector activity.
Out of each construction sector, private housing saw the highest levels of growth (27%) while the private commercial sector was unchanged from the previous quarter.
In addition, 175 of respondents reported rising workloads in the infrastructure sector, while actiity in the public sector continues to underperform.
RICS said it appears financial constraints "remain the most significant impediment to growth", as well as anecdotal evidence of uncertainty due to Brexit. However, around 50% of respondents are predicting workloads to rise over the coming year.
Jeremy Blackburn, RICS UK Head of Policy, said while private housing remains strong, the figures mask a "disparity between the kinds of properties that are being built".
"When the Communities Secretary publishes his Housing White Paper later this month, he must deliver a housing programme that benefits more than the just the fortunate few," he said.
"We need to shift the rhetoric away from home ownership and encourage the building of affordable rental properties in the suburbs and our cities.
"While the Midland's Engine - driven by high speed rail programmes - is building up steam, we expect the Chancellor to initiate a wave of smaller infrastructure schemes, whether new build, repair or upgrade, across the transport network.
"As the UK prepares for the changes ahead, the ability to move people, goods and services more effectively will be vital and we expect locational investment in road, rail, air and sea ports. Government must continue to reassure and encourage investors in the coming months so that improvements to UK infrastructure can continue."
(LM/CD)
The latest Royal Institution of Chartered Surveyors (RICS) Construction Market Survey states while there was a 19% rise in the amount of chartered surveyors reporting rising workloads, this is largely slow compared with growth trends over the last three years.
The largest increase was experienced in the Midlands (30%) while London and the South East saw growth levels decline "significantly", largely due to a slowdown in private commercial sector activity.
Out of each construction sector, private housing saw the highest levels of growth (27%) while the private commercial sector was unchanged from the previous quarter.
In addition, 175 of respondents reported rising workloads in the infrastructure sector, while actiity in the public sector continues to underperform.
RICS said it appears financial constraints "remain the most significant impediment to growth", as well as anecdotal evidence of uncertainty due to Brexit. However, around 50% of respondents are predicting workloads to rise over the coming year.
Jeremy Blackburn, RICS UK Head of Policy, said while private housing remains strong, the figures mask a "disparity between the kinds of properties that are being built".
"When the Communities Secretary publishes his Housing White Paper later this month, he must deliver a housing programme that benefits more than the just the fortunate few," he said.
"We need to shift the rhetoric away from home ownership and encourage the building of affordable rental properties in the suburbs and our cities.
"While the Midland's Engine - driven by high speed rail programmes - is building up steam, we expect the Chancellor to initiate a wave of smaller infrastructure schemes, whether new build, repair or upgrade, across the transport network.
"As the UK prepares for the changes ahead, the ability to move people, goods and services more effectively will be vital and we expect locational investment in road, rail, air and sea ports. Government must continue to reassure and encourage investors in the coming months so that improvements to UK infrastructure can continue."
(LM/CD)
29/01/2025
Caddick Construction has been awarded a £43 million contract to deliver the first phase of Cole Waterhouse's flagship regeneration scheme in Digbeth, Birmingham.
The project, known as Upper Trinity Street, marks a significant step in the area’s transformation.
Spanning 182,986 square feet, the re
29/01/2025
McLaren Construction has been appointed by O&H Properties to deliver the first phase of a £60 million Foster & Partners-designed development at the corner of New Bond Street and Grafton Street in London’s West End.
The seven-storey, 5,400 square metre prime retail and office scheme will feature ret
29/01/2025
GMI Construction Group has been awarded a contract to develop three high-specification warehouse units totalling over 175,000 square feet at Precedent Drive, Milton Keynes.
The £20 million project, commissioned by DV5 Last Mile Developments (UK) Ltd, a joint venture between Coltham and Delancey Re
29/01/2025
Plans for 106 sustainable new homes in Southville, a neighbourhood in South Bristol, have been approved as the city seeks to increase housing delivery to address growing demand.
Top 10 award-winning housebuilder The Hill Group will create a £60 million development on Raleigh Road, on land that was
29/01/2025
Bouygues UK has reached a major milestone in the fourth phase of the Hallsville Quarter regeneration project in Canning Town, London.
The project, part of the £3.7 billion Canning Town and Custom House Regeneration Programme, recently held a topping out ceremony, marking the completion of the 11-s
29/01/2025
Willmott Dixon Interiors is carrying out a significant upgrade to the roof of the National Maritime Museum in Greenwich, one of London's most iconic cultural landmarks.
As part of the £12 million project, the company is installing over 23,000 square feet of sun-protected glazing above the museum’s
29/01/2025
Equans has been appointed by Babergh and Mid Suffolk District Councils to carry out crucial decarbonisation work across the councils' housing stock, using funding secured through the Social Housing Decarbonisation Fund (SHDF).
The councils used the South East Consortium's Zero Carbon Framework to s
29/01/2025
In the world of construction, the quest for energy efficiency and sustainability is ever-evolving. Among the array of solutions available, EPS (Expanded Polystyrene) insulation stands out as a versatile and effective option for enhancing the thermal performance of buildings, particularly when used f
29/01/2025
BCP Council has completed significant coastal protection works at Hamworthy Park, ensuring its resilience against erosion for the next 20 years.
A 200-metre stretch of sea wall along the eastern promenade has been reinforced using low-carbon concrete, while new steps have been constructed to improv
29/01/2025
Geo-environmental consultancy and remediation contractor, The LK Group, has strengthened its team with a trio of recruits.
The multidisciplinary company's latest raft of hires comprises a new director, associate director and remediation manager.
The geo-environmental specialist, headquartered i