With the value of projects started in the first 3 months of the year reporting to be 15% higher than 2013, the industry is seeing a healthy growth to the start of 2014. Sectors thriving in the current market include residential, non-residential and civil engineering projects, with projects beginning to enter double figures in comparison to last year.
Private housing continues to rise with the value of projects reporting to be up by 29%, this is comparable to social housing which took a hit in the last quarter, suffering a decline of 8% from last year. Allan Wilen, Economics Director at Glenigans said ‘Private housing will continue to be a key driver towards increasing construction activity, as evidenced by strong project starts in the first quarter of 2014’. The sector will see longer term success with a further boost in the Help to Buy scheme in the years recent budget by the government, this scheme will now run to 2020. This recent move by the government will increase the confidence of the house builder and bring forward sites for development; the scheme is projected to help 120,000 people buy their first home.
The majority of projects reliant on public funding have continued to decrease year on year, with projects started in the health sector down by 14% and community and amenity construction falling even further to 21%. The prediction for this sector isn’t positive in the near future due to government spending being spent on infrastructure such as new homes and rail.
Overall construction activity is rising across the UK with the south of the country enjoying the highest growth in starts on site; with the midlands following close behind.
Being a nationwide supplier, we aim to find candidates local to the site they are working on, therefore we are the ideal company to help you deal with the increase in work across the UK. Every candidate we send to our clients goes through our unique selection process were they are fully referenced, and spoken to by a dedicated consultant in regards to their experience and qualifications. This allows us to identify their attitude and ability.
Posted 1st May 2015