UK Construction Sector Ready For Growth, Says KPMG
News: According to a recent report by Netherlands-based professional services company KPMG , UK construction companies hold a positive outlook for the near-term prospects of the domestic industry, reports Construction Enquirer. The study found that two-thirds of UK construction firms expect to achieve growth of up to 25% during the current year. The importance of resource investment was emphasised in the report, which claimed that opportunities are emerging for those firms willing to chase growth through capital outlay. The power and energy sector was cited as the most popular target for UK c onstruction companies, closely followed by railway infrastructure.
BMI View: The UK has a developed a highly competitive construction market populated by a large number of domestic and international players. The sector comprises 300,000 firms employing over 2mn people in a wide variety of roles. This competitive environment has helped a large number of UK firms establish a strong reputation overseas, with many delivering high- quality and technologically advanced solutions across the whole spectrum of construction-related activities.