Government investment will play a crucial role in driving construction industry growth during the next three years, a major conference has heard.
“Construction: The Challenges & Opportunities Ahead”, held at the Royal Institute of British Architects on January 17, heard the Construction Products Association‘s (CPA) economics director Allan Wilén forecast a 5% annual rise in public sector construction expenditure over the next three years, offsetting weakening private sector activity.
He said: “School building and health facilities will be especially fast-growing areas of activity, with a sharp rise in both PFI schemes and traditionally public-funded projects.”
“School building and health facilities will be especially fast-growing areas of activity.” |
Construction Products Association economics director Allan Wilén |
The conference was organised by the CPA and Interbuild to assess the prospects of the construction industry in the near future.