The UK economy has seen periods of growth throughout 2020 with some sectors outperforming other areas, thanks to significant investments from the government. One such industry is the construction business. It remains an industry that can impact the lives of pretty much every person living in the United Kingdom and affects other companies, along with employment levels.
Construction work in the UK has thrived during 2020. Further funding to support this sector is vital. The construction industry is fundamental to all parts of the economy. The construction industry encompasses plenty of skills and trades. It is responsible for providing employment and developing buildings and homes we all rely on from building new houses to redeveloping hospitals and medical facilities and services to new shops, schools and more.
Construction is the sector that helps keep countries moving and progressing, oiling the cogs of society if you will. It is no stretch to say that without this sector, the UK economy and indeed our way of life will cease to exist as we know it.
Being able to bounce back from the strain of early lockdown measures and regain lost time from an inability to work has helped the industry overcome those initial challenges and see a growth in the sector once work restarted again during the summer months.
Following a contraction due to the March 2020 nationwide lockdown, construction has bounced back. With a backlog of work to get through and a push to ‘build back better,’ many construction firms were found to have bounced back once given the green light by the government to continue working through further tier and lockdown measures.
Over the next decade, the UK construction industry will benefit from a £600 billion spending infrastructure pipeline. With a £44 billion allocation to private housing, the construction industry will be experiencing a push in all areas to meet the demand and rapid growth expectations.
The spend on the construction sector is expected to boost the UK economy by keeping people in jobs and creating more job roles to meet demand long with investing money into local areas to develop areas and housing that people want to live in to help bolster local economies and keep pushing ahead with growth in this sector.
In simplest terms, high levels of investment in this area mean that there is potential for construction firms to grow to meet expectations and benefit from proposed plans and funding that is being made accessible.
What this means is that companies within the construction industry, from plumbers to civil engineers, to builders and electricians to glazers, architects and project managers can provide services in their local areas based on development plans for residential properties along with initiatives at local and national governments and many business and organisations throughout the UK.
An increase in funding to training in the required skills to work in the digital and funding areas will mean there are more skilled hands at play to help make this drive possible and investments in education can prepare for changes in how construction work is undertaken and become more future proof for years to come.
A robust housing market will give a great deal of job security in the future. The government’s initiatives to bolster the construction sector can only benefit the UK economy in years to come. A focus on training will ensure there are people to train those entering the industry at any age.
Training and education mean more qualified tradesmen to meet the government’s projected advancements in the housing and development sectors to provide new and more affordable housing and regeneration efforts in local businesses and communities in areas identified as being suitable for this type of progression.
How JVR Consultancy can help your construction company
Due to the rapid developments, it makes sense that your construction company is fully accredited.
At JVR Consultancy, we can advise you on making sure your company is Certified to work with the Construction sector. We specialise in supporting you and your company with your Achilles BuildingConfidence, CHAS, Constructionline accreditations and all Audits.
Please make sure your construction company is correctly certified by allowing us to work with you while you do what you do best.
Compliance and industry News
Accreditation and compliance information provided by JVR Consultancy