The Future of the UK Construction Sector

The Future of the UK Construction Sector

Last year, COVID made a huge jolt in the British construction industry. It brought challenges to many construction agencies. So how does the UK, the most famous country in the infrastructure industry, deal with this sudden relapse? And what does the future hold for the UK construction sector?

According to the Office of National Statistics UK, there was a rapid decline in economic stability in the UK construction industry. Operations were greatly affected by the lockdown restrictions. The total activity index dropped to 39.3 in March 2020 from 52.6 in February 2020. 

In the days leading up to the first UK pandemic lockdown (March 23rd 2020) MBH Corporation plc subsidiary, Gaysha Ltd, prepared a strict set of Covid control protocols that were swiftly implemented, allowing all their sites to remain fully operational. 

Stuart Moore, Covid-19 Manager, Gaysha Ltd said: “The pandemic certainly tested our endurance and forced us to adapt our way of operating to make sure that we were operating for as long and safely as possible where other sites were seeing closures.” 

The Positive Openings for Construction Companies

The monthly construction output in the UK increased by 5.8% in March 2021. This shows that the UK construction sector is starting to bounce back from last year’s challenges.

Actions are being taken to ensure the industry’s recovery.

  • The UK Government Grant and financial loans for small construction businesses with low-interest rates;
  • Intact communication between construction companies and suppliers through electronic mails and calls;
  • Cost reduction through Energy White Paper can support more than 200,000 jobs in the next 10 years; and
  • Competitive digital innovations with the help of Built Britain improves safety and marketing in the construction industry. This includes new 4D construction models under BIM and digital twins.

On the side of suppliers, their coping ways are adaptive in a digital approach to avoid a supply shortage and overconsumption of housing waste. This is an outcome of maximizing faster cash flow, inventory, and supply negotiation between supply tiers and construction companies. Suppliers can also ensure the clarity and confidence of their products without risking their health. As a result, suppliers can negotiate with their potential clients in smooth, flexible transactions every time a new project arises.

We Are Getting There

The future of the UK construction sector opens more opportunities in the next five years and beyond. Financial loss, economic relapse, or even closure of other firms are managed efficiently thanks to learnings from the challenges faced. 

Certainly, the UK construction sector is seizing the opportunities the current situation brings. The industry is eager to redo, restart, and reinvent — that small construction companies can strive without doubting the future. 

Stuart Moore: “Our new testing scheme is a short-term investment and as we see it, is the only way that a workplace can be deemed completely safe and COVID free. It’s had a real impact as our teams on sites feel entirely confident that they’re not at risk and can carry on working.”

About Sam P

EnterpriseZone Staff Writer

Leave a Reply