Construction in the UK The UK has been at the forefront of the international construction industry for decades and remains one of the largest construction markets in Europe. Despite the significant industrial and financial challenges of the last decade, the UK market is now experiencing a period of significant growth and optimism, with strong recognition at government level of the vital contribution that it makes to the broader UK economy. An evident trend in recent years is the
2.2m x There are 2.2 million people employed in the sector
influx of overseas investors and contractors to the UKmarket. These companies often have diverse operations in a number of jurisdictions, and so stand stronger in times of economic hardship, with less exposure to the highs and lows that affect individual domestic markets. It is unsurprising that an increasing number are choosing the UK as a place to do business, due to its reputation as an industry leader in construction, its relative financial strength and stable political environment, and its world class regulation. However, for those considering entering the UKmarket, the procurement and regulatory environment can seem complex and daunting. In this guide, we set out the basics for doing business in the UK construction industry and look at key factors that overseas businesses should be aware of.
200,000 x There are more than 200,000 construction companies trading in the UK
6% of the UK’s
The market accounts for
annual economy bringing in a total of GBP 109 billion As seen October 2015
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