Scottish construction sector 'turning the corner'

Scottish construction sector 'turning the corner'

The Scottish construction industry appears to be showing signs of enjoying a period of growth, as new figures reveal it may have finally turned the corner. According to a study by the Royal Institution of Chartered Surveyors (Rics), activity in the sector is now edging steadily upwards. Indeed, it noted that during the second quarter of the year some 11 per cent more surveyors said they were experiencing a rising workload. This made the second quarter of 2013 the most positive of any such period since the first three months of 2008. Further good news for those in the construction trade came in the shape of a prediction from Rics that this positive trend is likely to continue over the coming year. In fact, 33 per cent more respondents suggested they feel they will witness rising workloads in the next 12 months compared to those who felt they would fall. Sarah Speirs, director of Rics Scotland, said: "It is most definitely good news that the amount of construction taking place across the country seems to have turned a corner. Increasing numbers of homes, infrastructure projects, shops and offices can only be good for the wider economy." Any boom in construction is good not only for the sector itself but also the wider UK economy. Statistics show that every £1 that is spent on construction in the country generates a total of almost £3 of financial growth. There are also signs that the collapse in profitability previously seen in the industry is now starting to be reversed in Scotland. Some 22 per cent more chartered surveyors said they believe job opportunities in construction will increase in the next year, which is a huge plus for thousands of people. Such a trend may even persuade some individuals across Scotland and the rest of the UK to seek the qualifications and experience that will help them to land construction jobs and maintain a long and successful career in the industry.

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

Amey bags £100 million Yorkshire Water contract

Amey bags £100 million Yorkshire Water contract

Global infrastructure services company Amey has won a three-year contract extension with Yorkshire Water worth £100m.   The contract will see Amey deliver reactive and proactive maintenance work across Yorkshire Water’s sewer network. This will include sewer repairs, iron work

Clancy reappointed to South East Water framework

Clancy reappointed to South East Water framework

Building on 18 years’ experience of working together, the successful appointment as sole contracting partner for network maintenance has been described as innovative and forward thinking, benefitting both companies and their 2.2 million customers. With a renewed emphasis on supporting South

Severn Trent reveals £1.2bn environmental plans

Severn Trent reveals £1.2bn environmental plans

The plans will see the company commit to a range of pledges and schemes designed to reduce emissions, improve the environment and support customers. The commitments include: Boosting biodiversity in 5,000 hectares of land – roughly equivalent to half of Coventry, two-thirds of Nottingham or

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.