1st May 2018
The construction industry hasn’t allowed the Beast from the East’s disruption to continue into April. This month, all things are pointing toward a positive outlook, with a heavy focus on new house building activity. Keep reading for more insights from the construction industry this April…
Most of us will remember February and March 2018 as the time the ‘Beast from the East’ hit the UK with the hardest snowfall seen in years. Albeit a ‘snow day’ for many, it resulted in weeks of no work for those in the construction industry. The good news is that The Builders’ Conference recorded £4.73bn of new business being signed by UK construction contractors in March 2018, a 5% increase on the £4.48bn of new contracts in March 2017. It is hoped now that the industry will be able to bounce back from the slowdown that hindered activity earlier in the year.
This month, The Construction Industry Training Board published its three-year plans of how they plan to direct training spend. Key decisions include; the CITB to stop running training programmes at the National Construction College and get out of running skills card schemes. Instead it will focus on lobbying, marketing and campaigning to produce reports that will better influence policy makers. The CITB also plan to reduce staff numbers by around 60% by 2021.
The UK Government have called for a more innovative approach to solving the housing shortage and is encouraging more modern methods of construction. To speed up housing delivery, they are encouraging more modular homes to be built across the UK. Their propositions also include encouraging councils to look at their design quality standards and use virtual reality technology to win round communities.
Housing Drives Construction Activity Recovery
Construction buyers saw a slight recovery in April following the major weather disruptions which impacted the industry in March. Latest survey data indicated that construction firms are relatively upbeat about the 12-month business outlook, with the degree of confidence the strongest recorded since last May.