CITB research: Construction growth will create 232,000 jobs over next five years
The annual average growth is expected to reach 2.5% in the period 2016-2020, mostly driven by infrastructure and private housing. That could lead to the creation of around 232,000 jobs.
The commercial construction sector will see a 3.4% increase per annum - CITB reports - while private housebuilding will also experience sustained growth across the forecast period, reaching £26bn output by 2020.
Wales will be the first in line with an annual growth rate of 7.1%, followed by the South West (4.4%), London (3.5%), and the North West (2.6%).
Steve Radley, Policy Director at the CITB commented: “All types of training, and especially apprenticeships, will be vital to delivering this pipeline of work. This positive forecast should inspire more people to start apprenticeships, and more firms to take them on.”