February 25, 2015

Experts forecast bright outlook for sector

A strong resurgence in the construction sector is set to create more than 200,000 jobs by 2019, according to new research from the Construction Industry Training Board (CITB).

CITB’s latest industry forecast, the Construction Skills Network (CSN) report, predicts an increase of more than 8,000 jobs per year on its 2014 forecast, with the annual demand for workers increasing to 44,690.

It also says that investment housing, leisure and infrastructure will deliver growth in every region of the UK. The annual forecast, published on 27 January, also suggests that the UK’s private housing sector is set to continue growing at a rate of 4.6 per cent over the forecast period, up to 2019, with the commercial sector set to grow at the same rate.

Steve Radley, the CITB’s director of policy and strategic planning, said: “Our CSN forecast shows that construction is experiencing a major comeback – with a sustained period of growth set to make a positive impact on the wider economy.”

Meanwhile, the Construction Products Association (CPA), which represents the UK’s manufacturers and distributors of construction products and materials, published a forecast on 30 January suggesting that construction output would increase by 5.3 per cent in 2015 and 17.8 per cent by 2018, with what it called “broad-based” growth across private house building, commercial office construction and new infrastructure this year.

Having access to legal advisors experienced in construction issues can add real value to the operations of construction businesses, particularly as demand and activity grows as part of the wider economic recovery.

At Palmers Solicitors, we can provide comprehensive advice and guidance to construction companies on all aspects of construction law, including advising on and drafting contracts for new work, applications for payments and liquidated and ascertained damages. We can also advise on construction procurement related issues. For more information, please contact Adam Davis.