Industrial Strategy Output and Capacity Analysis
In the last 25 years the pace of global investment has accelerated at an unprecedented rate and is reshaping the international economic landscape. In construction, many firms conduct business on a multi-national scale and, as a result, have a choice over where they invest. The key challenge facing the industry is to ensure that the UK is the favoured location for global firms to invest.
This study is the first in a series of projects that the Construction Products Association is contributing to support ‘Construction 2025: Industrial Strategy for Construction’.
The key findings include:
• the construction industry is expected to undergo a period of strong growth over the next decade;
• the industry would benefit from greater investment in order to improve both capacity and productivity;
• if imports rise in the long-term the government’s ambition to reduce the trade deficit on construction products and materials by 50% would be difficult to achieve.