Total construction output across the UK
between Q2 2014 and Q2 2015 was almost £140 billion and London and the South
East accounted for 35.8%* of this figure.
Looking forward London
and the South East are expected to see a combined annual construction output
growth of 6.7% from 2015-2019. Driven by a mixture of new works and repair and maintenance,
the region remains a focal point for all professionals and suppliers targeting
this burgeoning industry.
The pipeline in the South East &
London
Additionally there is £122m funding in place from the Affordable Housing Programme for development from 2015 to 2018. A little further afield there is Borden, Hampshire, the proposed £250m eco town and the redevelopment of Broadmoor Hospital at a cost of £298m.**
“By
2019, construction employment is forecast to reach 400,000 in the South East.”**
London will remain
buoyant with the continuation of infrastructure projects such as the Victoria
station upgrade, Thameslink and Crossrail
- all on course to be completed in in 2018, along with the start of the
Thames tideway project in 2016. Large, shorter-term retail projects including the
£1bn expansion of the Westfield mall and of the redevelopment of Selfridges,
Oxford Street will also ensure construction activity in the capital remains
high.
*Source – Scape Group Construction Industry Tracker
October 2015
** Source – CITB “Construction Skills Network 2015-2019
** Source – CITB “Construction Skills Network 2015-2019
Join leading
construction companies and come along to the Expo this October
Welcoming nearly 3,000 businesses in 2015, the Construction Expo saw
many leading firms in attendance.
Construction Expo 2016
Construction Expo provides the industry with a highly focused gateway to learn, network and capitalise on the region’s major construction opportunities.
2016 will see speakers from some of the largest main contractors discussing current projects and future opportunities, one of the only “free” meet the buyer events open to both exhibitors and visitors, a comprehensive programme of CPD-approved workshops along with displays of the latest product innovations.
Construction Expo 2016 offers your business a great way to network with other professionals form the South East and across the UK. Find out more about exhibiting by clicking here, or call Penny on 01732 758530.
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