According to the Construction Products Association summer forecasts, output will rise by more than 22% over the next five years. Private housing starts are expected to grow by 18% in 2014 and 10% in 2015. Commercial offices output is also projected to grow 10% this year and 8% in 2015.
The CITB Construction Skills Network predicts that 182,000 new jobs will be created in the UK construction industry between 2014 and 2019 as employment rises for the first time since the start of the recession in 2008.
A Close Brothers survey in May showed that 65% of construction firms admit that access to cash is a major challenge for their business.
So can we keep pace? where will the construction workers come from? and will we be able to fund the projects?