NCA – UK Construction Boosted by 8 Month High & Positive Autumn Statement

In November, UK construction business activity and new orders grew at its fastest pace in 8 months since March earlier this year. In an optimistic month which also included very positive announcements in the Chancellor Phillip Hammonds First Autumn statement the construction industry appears to be growing in the aftermath of the Brexit referendum.

Announced on 23rd November the statement including a £23 billion investment fund which crucially for the construction industry included a £2.3 billion housing infrastructure fund for the access roads and water connections to support the construction of new homes. On top of this fund an additional £1.4 billion has been allocated to build 40,000 new affordable homes and another £1.7 billion to accelerate construction of new homes on public sector land.

British Property Federation chief executive Melanie Leech described the spending on infrastructure to help bring forward housing sites as both “a hidden gem” and “a silver bullet”. She added: “The £1.7bn for accelerated construction on public land will also help upscale the modular construction sector, meaning a more efficient industry and the faster delivery of homes,”

In the Markits’ private sector survey the boost was noted to have been caused by a ‘resumption of projects delayed after the Brexit vote’ this boost in activity also drove an increase in employment in the industry.

Paul Burrows Recruitment Executive at NCA added ‘As a training provider in the construction sector it is always exciting to see the industry growing and developing. As an industry growth creates opportunities for employment particularly for apprentices who are key to filling the skills gap’. The National Construction Academy was launched earlier this year by its president, Nick Knowles. Our aim is to provide the link for young people looking to get into construction and for employers who have skills gaps that young people could become future experts in.

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