Construction industry for one million workers by 2050 | 3 March 2014
The construction industry will need an additional 150,000 workers in the trade by 2050 to cope with demand, randstad.co.uk reports.
According to new research from Randstad Construction, Property & Engineering (CPE), the UK’s population will reach 74.5 million within the next 36 years. This will put even more strain on the already-stretched construction industry, with early estimates suggesting the construction workforce will need to be 1.02 million-strong just to meet this demand.
That’s not all, however, as the construction industry is already under-served in terms of workforce, with more professionals needed to meet existing demands.
It works out at around 9,650 new jobs needing to be created every single year (from back in 2008 until 2050) to meet this growing demand.
Randstad CPE’s research doesn’t just detail housing needs of this growing population, but also societal requirements in order to meet the demands of such a fast-growing population.
The report has been backed by the Construction Training Board (CTB), which has also noted that more workers are needed in order to meet this ever-growing demand.
Commenting, Randstad managing director Owen Goodhead told buildersmerchantsnews.co.uk: “The UK lost a lot of skilled construction talent over the course of the downturn as overseas markets offered more work and better pay.
“Fortunately, the domestic construction environment has improved over the last year as large-scale infrastructure projects have boosted demand. This demand has allowed the sector to increase the number of people in the workforce, however, significant skills gaps are still apparent.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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