The construction sector is a huge part of the UK economy, producing an output of £138bn in 2016 and employing 1.2 million personnel directly. Including those indirectly employed would add a further 1.5 to 2.0 million people to that figure.
The notoriously cyclical sector has been in modest growth mode in recent years both in the UK and globally, but the construction industry has also faced major changes to market conditions, and to the industry’s operating structures.