Opportunities for the SME Market to
‘Build, Build, Build’ after the Pandemic
Changes and Opportunities in Construction
SMEs account for 99% of the UK business population and of that, nearly a fifth of them operate within the construction industries. It is no surprise then that the Prime Minister has placed the industry at the heart of his Covid-19 recovery strategy.
On June 30th, Boris Johnson announced that homes and infrastructure would take centre stage in the government’s plan for economic growth with a £5bn investment. As the industry is told to ‘build, build, build’, a number of large-scale projects have been announced to kick start construction output and lay the foundations for a green economic recovery.
Whilst on the surface these measures appear to be a major boost for the construction industry, questions have been raised as to whether these projects will translate into work for SME construction and trade firms.
In this guide, we explore in more detail the opportunities available to small trade and construction companies to secure work from the government’s investment in the industry.