The annual Construction Skills Network (CSN) report, which issues a five-year forecast into the skills requirements for the industry, anticipates a 1.3% growth in construction across the UK, which is one-third of a percent lower than last year. The forecast is based on the premise that the UK has an exit deal with the EU.
Public housing is the largest anticipated increase- it appears to be moving steadily ahead as infrastructure declines. Financial support from the local and national government is supporting a growth rate of 3.2% in public housing, which is up by half a percent since the forecast last year.
Infrastructure is expected to increase by 1.9%, which is down from last year’s forecast of 3.1%. This sector has been heavily impacted by Brexit uncertainty and last month’s stalling of Wylfa, the Welsh nuclear power plant.
Commercial construction is going down significantly due to investors being overly cautious in the face of Brexit. The forecast anticipates that the sector will decline sharply in 2019 and level out by 2023, with no growth expected overall.
Despite this outlook, the housing repair and maintenance industry appears to be profiting from a more subdued property market, as homeowners cancel plans to sell and improve their current properties. This sector is expected to grow by 1.7% by 2023.