As economic pressures begin to ease and a new government takes charge, the outlook for the UK construction industry is becoming increasingly optimistic. However, the industry still faces challenges from ongoing concerns —viability and pipeline delivery are threatened by persistent capacity issues and skill shortages.
In the King's Speech, the government outlined promising commitments, including planning reform and streamlining infrastructure delivery. This renewed focus on construction is both welcome and necessary to achieve key policies, such as delivering 1.5 million new homes and advancing Great British Energy.
The change in government now tallies ten construction and housing ministers equally in just five years, underscoring the need for stability. Nearly 70% of our 3Q 2024 survey respondents feel that construction and real estate are top priorities for the new government. Better engagement with the industry will help improve the planning and delivery of projects and programmes.
What other factors are influencing the industry? Find out in our report, which includes:
- Comprehensive results from our latest survey
- In-depth analysis of key industry data
- Expert regional and sector commentaries
- Discussions on hot topics such as sustainability, building safety, digital construction and artificial intelligence
- Updated inflation forecasts and access to predictions for the UK and on a regional basis.
Find the sweet spot and gain the latest insights in our UK Construction Market Report 3Q 2024.