UK construction industry up by £334m since pre-pandemic

New research shows that the UK construction industry has grown nearly 6% in early spring 2021, with new work and repair & maintenance being £334m above pre-pandemic levels.
Loading, Hauling & Excavation / July 15, 2021
By Liam McLoughlin
SiteStak says the new data is encouraging for construction and equipment suppliers
SiteStak says the new data is encouraging for construction and equipment suppliers

The research, conducted by on-site storage company SiteStak, looked at the latest figures from the Office of National Statistics alongside UK Government data to discover the latest trends in building and construction.

In line with the increase in growth, new orders have surged by over £1.2m in Q1 of 2021 compared to Q4 of 2020. This represents 12.2%, which also supports an increase in sales of SiteStak’s storage management system which is up around 45% year-on-year.

Of all UK new builds, 79% represent housing, which is the highest figure since 2000. Of this number, London is also seeing an 11% increase in housing builds since 2019. SiteStak says that further investigation into search data not only backs this figure but is encouraging for the industry, with the term ‘new build’ seeing increased interest over the last 2 years and searches for ‘new builds near me’ more than doubling between April 2020 and April 2021 (14,800 vs 33,100).

Although house builds are massively on the up, new infrastructure is leading the way across the construction industry as we’ve entered 2021[4], with high-grossing projects such as Euston HS2, HS2 Northolt Tunnels and HS2 Chiltern & Colne Valley all ones to watch this year.

Luke Siderfin, account manager at SiteStak, says: “We developed our SiteStak system entirely with groundworkers and the construction industry in mind. We wanted to provide something practical and easily manoeuvrable that would revolutionise how underground drainage is stored and managed on-site."

More info: https://www.sitestak.co.uk/