2 min read

CITB Predicts 150,000 New Jobs Over Next 5 Years

CITB Predicts 150,000 New Jobs Over Next 5 Years

Construction Marketing News_ CITB Predicts 150,000 New Jobs Over Next 5 Years

A new forecast from the Construction Industry Training Board (CITB) revealed today that over 150,000 construction jobs are set to be created over the next five years despite Brexit uncertainty and Carillion’s collapse.

Key predictions include;

  • Infrastructure and housing are likely to be the best performing sectors
  • Carpenters, process managers and professional staff will all in be in short supply
  • The Commercial sector could be hit hard by Brexit nervousness

Potential Skills Shortages?

A massive 15,350 carpenters and 9,350 labourers will be needed as homebuilding ramps up, according to this year’s Construction Skills Network report, the UK’s most comprehensive and up-to-date sector forecast.

However, the strongest job growth will be in a range of professional and managerial roles as the industry seeks to boost its productivity, which will grow by 7.8% and 5.6% over the next five years.   

The CSN forecasts average output growth of 1.3%, with 158,000 jobs created.

Brexit Uncertainty

Infrastructure remains the strongest performer with an annual growth of 3.1%. However, housing output, both public and private, is also expected to expand, by 2.8% and 2.2%, respectively. In contrast, the commercial sector is not predicted to grow at all over the next five years, as investors potentially hold back decisions due to Brexit uncertainty.

CSN figures show employment is projected to grow for the fourth consecutive year at 0.5% a year on average to 2022. This would take employment in the industry to 2.77 million in 2022, only 3% below the 2008 peak.

CITB Policy Director Steve Radley said:

“Despite all the gloom around Carillion and uncertainty from Brexit, our report’s message is that construction will continue to grow and create more jobs. 

“Though growth is slightly down on 2017, it’s looking more balanced with housing and infrastructure both expanding significantly. And the range of job opportunities is growing. While we need to bring in lots of people in the trades, the fastest growth will be for professionals at 7.8% and for managers and supervisors at 5.6%.              

“By 2022, employment will be in touching distance of the heady 2008 peak so we face a massive recruitment and training challenge, which is likely to get harder after Brexit. So while we can take some comfort from weathering the recent storms, it’s vital that we make the investment in skills today that will shape our own destiny for tomorrow.”

A copy of the report can be freely downloaded from the CITB website

For more construction marketing news and marketing tips and comment, subscribe to the Insights Blog.

 

Subscribe To The Insights Construction Marketing Blog today

 

 
 

Read More

Your Easy Formula For Sales Success
■ 17 Signs Your Construction Inbound Marketing Is Working
 How Long Does Content Marketing Take To Work?

 

About Insynth

Insynth Marketing is a leading UK construction marketing consultancy based in Shifnal in the West Midlands.  Insynth employ the latest inbound marketing techniques such as construction inbound marketing, to help building product manufacturers grow their businesses by aggressively driving sales lead generation activity. 

As the only HubSpot certified agency to major on construction marketing, we bring together construction marketing strategy, digital strategy, website design, SEO, content marketing, email marketing, sales automation, marketing automation and HubSpot CRM implementation to produce successful campaigns and great results for our clients.

Book Your Free Consultation Today

Elevating Your Construction Product Brand: HubSpot's CRM and AI Integration

Elevating Your Construction Product Brand: HubSpot's CRM and AI Integration

The pivotal shift towards customer-centric philosophies has asked from companies within all industries the adoption of advanced tools. HubSpot...

Read More
Performance Websites: What's the ROI?

Performance Websites: What's the ROI?

If you build a performance website, you should expect your overall website activity to be driving over 90% of your net new growth. Net new? That’s...

Read More
25 HubSpot Features You Should Use in 2024

25 HubSpot Features You Should Use in 2024

This year, in 2023, HubSpot's platform has undergone significant updates, enhancing its efficiency and effectiveness. Anticipate further improvements...

Read More