Growth in the UK Construction Industry
It seems in recent years that all we hear about is doom and gloom in the UK economy. However, did you know that the UK construction sector is expected to grow in the next five years? By the end of 2017, it is expected that employment in construction will reach over 2.6 million. This is the highest it has been since the recession a decade ago!
Growth in Construction Infrastructure
According to GoConstruct.org, they predict that over the next 5 years there will be another 179,000 construction jobs created. What’s more, by 2021, the construction output will grow by 1.7% a year. So, what is driving this strong growth? Well, it is the infrastructure sector that is driving up the need for more construction industry workers. It is expected that the infrastructure industry will grow, on average, by around 5.4% each year. This means that it will account for a massive 45% of all construction growth!
While Wales is expected to see the fastest growth in the industry with a rise of 6.2% in their output, Scotland is not too far behind! Over the next 5 years, it is expected that there will be another 2,340 jobs created in the Scottish construction industry.
What Other Sectors Are Set to Grow by 2021?
Infrastructure takes the top spot in growing sectors at 5.4% but what other sectors are set to grow? Public housing looks set to grow by 1% and private housing is set to grow by 2.2%, while public non-housing is 0.8%. The commercial sector also looks set to grow by 1.2%.
Taking these growing sectors into account, we know the type of jobs that will be created. Over 5,240 jobs will be created for professional, technical and IT staff, while there will be nearly 4000 jobs created in wood trades and interior fit out staff. We can also expect to see over 2000 jobs created in each of the following sectors; electrical trades and insulation staff, other professionals and technical staff, and finally other process managers.
So, what are you waiting for? If you are looking to get started in our industry, contact VQ Construction today to see what jobs we currently have available.