Confidence returns to UK construction

Confidence returns to UK construction

Staff recruitment difficulties will be a major stumbling block for construction companies trying to expand to meet rising demand now that economic recovery is under way, warns KPMG in its latest Global Construction Survey.

 

KPMG found that all the companies surveyed in the UK planned to expand into the power and energy market, with 83% targeting railways, 33% industrial and 17% water. Most were also planning to expand into other regions. Companies in the Americas and Asia Pacific were even more optimistic, with 91% and 65% respectively having a positive or very positive medium term outlook.

 

KPMG said companies need to invest in growth now and market success will be won by those who have the resources to compete, including sufficient experienced staff.

 

Most UK companies see government infrastructure plans, global economic growth and urbanisation as key drivers of growth, with 73% either positive or very positive about prospects. Increased order books, growing order books and profit margins were also reported by most.

 

Launching the survey – Global Construction Survey 2013:Ready for the Next Big Wave – KPMG Power & Utilities Chairman Alastair Buchanan said:"Transmission network and gas distribution companies are expected to attract inward investment totalling £40Bn.

 

“The sector has already signalled around 5,000 jobs to be created, and the new GB pricing model awards, for the first time in 20 years, monies for research and development called innovation funding.”

 

This is just the start, Mr Buchanan said, with another £30Bn on electricity distribution in 2015, the roll out of round two offshore just starting, and £110Bn needed to expand power generation capability.

 

(Photo: Fin Fahey)

Please rate

Comments 

Ctrl + Enter

Most Read

Ten highest paying I.T jobs in 2019

Ten highest paying I.T jobs in 2019

The I.T industry is arguably the most in-demand industry for technology/Engineering professionals. Once you have the right skill and certification, the I.T industry will jump at the chance to employ you and grant you a befitting role. From application developers to Data Engineers, the sector is in

H2S: It’s an exciting time to be a civil engineer

H2S: It’s an exciting time to be a civil engineer

The High Speed Two (H2S) has been described as a game-changer and the greatest ever upgrade to Britain's railways, and without doubt, this United Kingdom’s high-speed rail project has been a hot topic. The H2S project aims to meet the United Kingdom’s high

The future of engineering in Artificial Intelligence

The future of engineering in Artificial Intelligence

Artificial intelligence (AI) is an aspect of computer science that is concerned with machine intelligence. Machine intelligence can be described as the theory and development of computer systems to have the capacity to carry out tasks that would ordinarily require human input or intelligence. Some

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.