Building work in the South East amounts to 14 per cent of Britain’s construction activity, according to new data.
Scape Group’s ‘Industry Tracker 2015 – Regional Edition’ looks at where the construction industry has picked up most work during the last 12 months.
Figures show that the South East’s total output amounted to £19,203m – a quarterly and annual boost.
In regard to private construction, overall activity was down annually by 4.3 per cent. Within that field, however, trade involving new private sector housing remains buoyant.
Scape Group’s report states: “Some regions increased their output on housing much more than others, with Scotland, London, the South East and East Midlands showing strong growth on the same time last year.
“Demand for new homes shows no sign of slowing and strong economic growth and post-election political certainty have provided a stable foundation for housebuilders to build out schemes with planning approval.”
Amid a strong showing for housing projects in the north, Scape Group’s chief executive Mark Robinson said the long-term outlook for the construction industry was ‘very positive’.
Adam Davis, a Palmers partner who specialises in construction matters, said: “The report makes for positive reading. While there is still, broadly speaking, some economic uncertainty, it does not hurt to have an eye on the future. At Palmers, our expertise puts us in a strong position to guide companies looking to grow. For more information about how we can help, please contact us.”