A recent revival in detailed planning approvals on major new offices and large hotel/leisure schemes bodes well for future construction work pipelines across a series of cities and regions, particularly London, Manchester, and Yorkshire & Humberside.
Recent confirmation by Warner Brothers that it is going ahead with a major expansion of its film studios near Watford has put the significant amount of construction work being created by the screen sector in the spotlight.
A marked upturn in detailed planning approvals over the summer provides useful pointers to key sectors across the industry where new work opportunities will be strongest in the year ahead.
As companies seek to rebuild and reconfigure their business space to accommodate hybrid working, the offices sector can look forward to two years of growth with particularly strong opportunities in London.
The construction industry is forecast for a strong bounce back next year as new opportunities appear in warehousing & logistics, office, and retail refurbishment, fit out, and the repurposing of redundant commercial premises.
While the housing market is suffering a slowdown right now, the prospects for major new housing developments have brightened spectacularly in recent months.
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