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Rebuilding Growth 2021 – our latest construction sector research

Quarter 3, 2021
Roofers

Our Rebuilding Growth construction sector research shows that subcontractors across the UK have shown impressive resilience in the face of the Covid-19 pandemic with optimism emerging across the sector. However, many are struggling to take advantage of the economy reopening due to supply chain issues, which are causing a shortage of raw materials.

Despite 50% of businesses seeing an increase in activity since restrictions began to be lifted in the UK, with less than 8% reporting a reduction. Also, 58% of businesses experienced challenges such as shortages in skilled labour and rising material costs that threaten to dampen long-term growth.

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Key Findings:

  • Half of SMEs (50%) have seen an increase in activity since restrictions began to lift;
  • However, over half (58%) of SMEs are experiencing challenges with cost and lack of availability of raw materials;
  • Over four in ten SMEs (44%) list shortages of skilled labour as the greatest threat to their business.
  • Four fifths (80%) of those we spoke to took at least some form of action to protect their business
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