CITB Forecast: Construction set for growth, if major infrastructure projects stay on track

15/02/2017

CITB Forecast: Construction set for growth, if major infrastructure projects stay on track

CITB Forecast: Construction set for growth, if major infrastructure projects stay on track

citb
CITB have published their latest Construction Skills Network (CSN) report which forecasts labour market intelligence. The report predicts construction growth of 1.7% over the next five years, with 35,000 new workers needed per year.

Leave Your Comments

Infrastructure represents a massive 45% of all construction growth over this period, with the industry’s post Brexit growth heavily dependent on three major infrastructure projects – Hinkley Point C, Wylfa Newydd nuclear power stations and High Speed 2 – starting on time.

Private house building is also expected to perform strongly, with predicted growth of 2.2% each year.

While construction growth shows a better outlook than predicted immediately after the EU referendum, it still represents a significant slowdown from the previous CSN report (January 2016), which forecast output growth of 2.5%, with 53,000 workers needed per year.

There is forecast to be particularly strong demand for carpenters (+3,850 per year), electricians and insulators (+2,250 per year), process managers (+2,150 per year) and a range of IT and other technical workers (+5,240 per year).

The CSN report also provides an insight into how construction is set to perform in the nations and regions of the UK. Wales is predicted to experience growth of 6.2%. Scotland is set to decline by -0.4% each year until 2021 as a number of major projects come to a close. In Northern Ireland, annual growth of 1.6% is expected. In England, the South West (3.1%), the North West (2.5%) and the South East (2.2%) are expected to perform well. For the remainder of the English regions growth is predicted to range between 1.3% in the West Midlands to -0.1% in the North East. London remains a strong performer, growing by 2.4% each year, with employment growing by 6.6%.

Please follow this link to access the full report: http://www.citb.co.uk/csn .

Source: CITB