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.
A 29% upturn in planning approvals in January-March compared to the same period last year, provides positive news for the industry’s future work pipeline.
Government investment is boosting the market for air source heat pumps with £409 million being ploughed into helping 144 public sector buildings drive down their carbon emissions by shifting away from gas boilers.
With the commercial and industrial markets facing uncertain times, one of the more reliable sources of new work for the construction industry is the UK’s universities.
The core parts of the government’s Northern Powerhouse Rail project are set to be completed after the government committed to the work being funded in the recent November budget.
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