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Over 150,000 construction jobs to be created in next five years, says forecast

A photograph of a construction industry meeting

A new forecast from the CITB has revealed 150,000 construction jobs are set to be created over the next five years

A NEW forecast from the Construction Industry Training Board (CITB) has revealed that more than 150,000 construction jobs are set to be created over the next five years.

According to this year’s Construction Skills Network (CSN) report, from CITB, 15,350 carpenters and 9,350 labourers will be needed as more homes are built.

The report – the UK’s “most comprehensive and up-to-date sector forecast” – also reveals that the strongest job growth will be in a range of professional and managerial roles as the industry seeks to boost its productivity, which will grow by 7.8% and 5.6% over the next five years.

‘158,000 jobs created’

Reporting the figures on its website, CITB says: “The CSN forecasts average output growth of 1.3%, with 158,000 jobs created. Infrastructure remains the strongest performer with an annual growth of 3.1%. However, housing output, both public and private, is also expected to expand, by 2.8% and 2.2%, respectively. In contrast, the commercial sector is not predicted to grow at all over the next five years, as investors potentially hold back decisions due to Brexit uncertainty.

“CSN figures show employment is projected to grow for the fourth consecutive year at 0.5% a year on average to 2022. This would take employment in the industry to 2.77 million in 2022, only 3% below the 2008 peak.”

Mixed picture across UK

CITB also said: “The report reveals a mixed picture across the devolved nations and English regions. Like last year, Wales continues to perform best with output growth estimated at 4.6% per year. Scotland is likely to remain largely static at 0.1%, with housing growth mitigating a decline in infrastructure from record highs.

“Wales’ forecast growth is largely attributable to major infrastructure projects including Wylfa nuclear power stations as well as a series of major road improvements such as the M4 upgrade.”

For the full story go to https://www.citb.co.uk/news-events/uk/2018/construction-set-for-growth-despite-brexit-uncertainty/