New research has revealed the UK's decision to leave the EU has impacted business for nearly a third of engineers in Ireland and the UK.
The Engineers Ireland survey states over 38% of respondents have had commercial deals paused or unfavourably altered as a result of Brexit.
While one in 10 participants said they have changed their plans for hiring or investment, 40% stated they were changing their business strategy to "adapt to the new economic reality of Brexit".
Nearly 84% said they would not favour a 'hard Brexit', while 67% of respondents in Great Britain or Northern Ireland said they were less likely to trade with the Republic of Ireland because of Brexit.
Many participants said possible future strict border controls and trade restrictions between the UK and the Republic of Ireland would have a negative impact for the engineering sector and their ability to work across jurisdictions, while over 43% said the currency crisis has "negatively impacted" operations.
Engineers Ireland Director General, Caroline Spillane, said: "The United Kingdom's decision to leave the European Union colours every aspect of Ireland's economic future, and the associated uncertainty and unease is already affecting the business activity of our members across the Republic of Ireland, Northern Ireland and Great Britain.
"Nonetheless, this survey shows that the engineering sector is robust and resourceful, with organisations already adapting to the new Brexit business reality."
The survey involved a sample of 3,000 member engineers across Great Britain, Northern Ireland and the Republic of Ireland.
(LM/JP)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
21/11/2024
Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
21/11/2024
At Ecomerchant, we offer a carefully curated selection of sustainable weatherproofing solutions, including natural lime renders, mineral finishes, and vapour-open waterproofing materials. They help prevent structural damage while ensuring your building can breathe naturally. Our eco-friendly ...
20/11/2024
Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024
The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024
Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024
Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024
Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024
Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024
Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024
West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...