Subscribe to our Construction Newsfeed
UK Construction Directory
Search our 157,051 companies....

Construction News

25/02/2019

Positive Growth Expected For The Construction Sector

Construction News Image
Positive growth is expected for the construction sector despite the uncertainty of Brexit, according to the latest forecast from the Construction Industry Training Board (CITB).

The annual Construction Skills Network (CSN) report expects construction growth of 1.3% across the UK, down a third of a percent on the previous year. The forecast is based on the scenario that the UK agrees an exit deal with the EU, rather than a 'No Deal' situation.

The biggest increase is expected in public housing, which is pulling ahead as infrastructure slows. Financial support from Government at both local and national levels is encouraging a 3.2% growth rate in public housing, up half a percent since last year’s forecast.
-- Advertisement --
hss



Infrastructure is set to grow by 1.9%, down from 3.1% predicted in last year’s forecast. The sector has been heavily affected by Brexit uncertainty and by investors stalling construction of the Welsh nuclear power plant Wylfa in January.

Commercial construction is significantly declining due to investors taking a cautious stance in the face of Brexit. The forecast expects the sector to drop sharply this year then level out by 2023, with zero growth anticipated overall.

However the housing repair and maintenance sector appears to be benefitting from a quieter property market as home owners halt plans to sell up and instead focus on improving their current properties. By 2023, the sector is expected to have grown by 1.7%.

Despite the wider economic uncertainty, more construction workers will be needed over the next five years. An approximate 168,500 construction jobs are to be created in the UK over the next five years, 10,000 more than in last year’s forecast. Construction employment is expected to reach 2.79 million in 2023, just 2% lower than its peak in 2008.

Latest Construction News

16/04/2025
Pennyfarthing Homes has officially broken ground at Danes Park in New Milton, launching construction on a significant new residential development that will deliver 164 homes. To mark the milestone, directors from Pennyfarthing Homes welcomed Councillor Steve Davies, Portfolio Holder for Housing and
16/04/2025
GMI Construction Group is celebrating the official opening of Dakota Newcastle, the North East's first Dakota Hotel, situated on Newcastle's Quayside. The 118-room luxury boutique hotel, located at St Anne's Wharf, has welcomed its first guests and is poised to become a major addition to the region
16/04/2025
Gleeds has been named project manager for the billion-pound redevelopment of Airedale General Hospital in Keighley, West Yorkshire on behalf of Airedale NHS Foundation Trust. The award-winning trust employs over 3,000 people and provides acute, elective, specialist and community care for a populat
16/04/2025
Morgan Sindall Construction has marked the official opening of a new Special Educational Needs and Disabilities (SEND) teaching block and a specialist hydrotherapy pool at Philip Southcote School in Addlestone, in a celebration attended by students, families and local officials. The event brought t
16/04/2025
Bedford Borough Council has successfully completed a footpath refurbishment programme across several of its parks and open spaces. The initiative, funded by the UK Shared Prosperity Fund (UKSPF), targeted key parks across the borough following a detailed review that identified areas in need of repa
16/04/2025
Wates Fit Out has announced the appointment of Phoebe Wood as Senior Business Development Manager, where she will lead the team's business development efforts and support the growth of new opportunities across the commercial fit-out sector. With close to three years of experience in the built envir
16/04/2025
United Living has announced the appointment of Claire Kershaw as Chief Executive Officer of United Living Property Services. With over two decades of experience in the social housing sector, Claire brings a wealth of knowledge in property maintenance, refurbishment, and regeneration. Her career inc
16/04/2025
Sempra Homes, the housing subsidiary of Basildon Council, is preparing to launch its latest 100% affordable housing development at Bowers Close on London Road in Pitsea, Essex. The new development will deliver 31 high-quality homes aimed at increasing access to affordable housing for local residen
15/04/2025
Costain, working as part of the SMP Alliance, has completed the construction of 41 new emergency areas on the M1 motorway between junctions 28 and 35A, delivering the project ahead of schedule. The newly installed emergency areas span a 32-mile stretch of motorway running from Derbyshire to South Y
15/04/2025
Great Places Housing Group has formally submitted plans for the first development to come forward under the newly approved masterplan for the regeneration of the Grey Mare Lane neighbourhood in east Manchester. The proposal outlines a new affordable housing scheme comprising 82 apartments for socia
Efco UK LtdAqua Direct LtdStuart CanvasBRICOFLOR UKT & D Glazing And Installation LimitedLakeside HireTapco Roofing ProductsTD Construction Testing LtdGreen Air Monitoring LimitedVitcas Ltd