The UK government has pledged to invest £600 million to train engineers, carpenters and electricians by 2029. Having recognised that the sector has received a lack of investment for some time, their new focus is to inject finance into the construction sector, which they believe is key to drive economic growth for the country.
According to ITConstruction.co.uk, “The construction sector is expected to grow by 8% in 2025, with an anticipated further 10% in 2026”.
Planning for new construction growth projects
Construction businesses and contractors across the UK welcome this announcement as they look towards a positive growth phase throughout 2025 / 26. Especially where red tape reliefs are being reviewed on building projects across the country and new projects in large-scale infrastructure, such as transport links, renewable energy and housing developments are being considered.
This means that UK construction teams are eagerly ready to take on new projects and build their teams to fulfil development targets. Expanding on training, knowledge and skills, recruiting qualified teams and contractors, implementing good quality equipment, securing supply chains, and finally ensuring health and safety criteria is met, will be key to fulfilling projects successfully.
Protecting your business with Construction insurance
Here at JRW Risk Solutions we support construction companies, contractors, tradesmen and women, who are looking to protect their businesses from the ‘get go’. We offer construction insurance products which are available to protect owners, staff, and their businesses livelihoods. Our key insurance policies include employers and public liability, contract works, tools in transit, machinery movement, own plant, hired in plant, plus much more.
To request a review of the day to day running of your construction business and to find out how we can support you further, please see our construction insurance information for more details or get in touch.