Resilience to recovery: The future of UK construction
Resilience to recovery: The future of UK construction
This report lays bare just how difficult and volatile the operating landscape is for UK construction firms. Establishing momentum While there’s good reason to believe that many of the underlying economic challenges – factors like inflation and interest rates – will improve this year, they won’t be fully alleviated. And long-lasting, stubborn issues that have weighed on the sector for years, from skills shortages to late payments, will persist. In the immediate term, resilience will continue to be the watchword for management teams. But opportunity will also be in many firms’ sights. Our findings show a sector that is proactively working to manage the impact of current and future risk, and fuel new growth. This proactivity – in action, but also in planning – will be key to their future success.
And, whether it’s resolving operational challenges, managing outstanding tax liabilities or securing new funding, we’ll be here to help. If you’d like to discuss any of the issues raised, please don’t hesitate to get in touch. We’d like to thank the respondents and our partners who generously participated in our survey and shared their experiences and expectations.
Get in touch
Matt Whitchurch Partner Financial Advisory Bristol +44(0)7912 297 788 matt.whitchurch@frpadvisory.com
A survey of 502 UK business decisionmakers (manager and above) at construction firms with at least 50 employees, conducted by Censuswide on behalf of FRP between 29th February and 5th March 2024. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Censuswide is also a member of the British Polling Council. Methodology
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