A Look At The UK Construction Industry In 2011

New construction is down and holding back growth in much of the world. This is as true in the UK as it is in the United States and in other parts of Europe. But, even in these bleak times, there are bright spots. If you?re enterprising enough to take advantage of them, your business can still do well. In this article we will look at where the opportunities are, and what is down trending so that you can make good decisions about where to put your efforts and your business.

Sometimes when you look at the UK construction business in 2011 all you see is the bad. After all, housing down 24%, spending on education construction is down 23%, and spending on roads and bridges is down 7%. This is dreary news, but it isn?t particularly surprising. After all, the economy continues to be shaky. The debt crisis in the Euro Zone is frightening, and the US economy is not rebounding. People are nervous about buying new things, and government needs to conserve.

Even through this doom and gloom though, there are definitely some bright spots. Social housing starts are up by 19% and health projects are up by 17%. This makes sense, because of the shaky economy, more people out of work and need help with housing. Also, medical needs never seem to end. The population is aging, and more people will need extended care facilities. The other area that is experiencing growth is divided by geography. The West Midlands, South West, and South East all have experienced growth in the last year.

This means that if you are in the construction business there is a bright spot. There are places where growth is happening, and you may want to consider rethinking your business to take advantage of these opportunities. If you have employees, most will be willing to retrain in order to meet the needs of the new construction opportunities. Just like always, in most struggles there lies opportunity.

Owning a business during challenging economic times can be frightening and frustrating, but there is always opportunity for those who are willing to take it all. Right now in the UK that opportunity is in social housing, and medical projects. These are the bright spots in the construction trade at the moment.

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Source: http://www.eddyarticles.com/home-improvement-articles/construction-articles/a-look-at-the-uk-construction-industry-in-2011/

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