THE construction industry in Hampshire will face tough conditions for the next couple of years, but the future will bring better times.
That’s according to the Construction Skills Network, which has released its annual figures on the industry’s performance.
It comes on the back of figures released by the Office of National Statistics on Tuesday, which reported a shrink in the country’s GDP, during the last quarter of 2010, due mainly to bad weather and a ‘horrific’ 3.3 per cent decrease in the activity of the construction industry.
But the next five years are expected to see a 2.2 per cent growth in the south east, compared to just one per cent nationally.
Across the region, construction employment is predicted to reach 395,740 by 2015, which is 8.9 per cent higher than this year’s projected level.
This means that the region will need 5,440 new construction recruits every year.
Roger Stone, sector strategy manager for ConstructionSkills in the south said: ‘The results of this year’s CSN report speak for themselves.
‘The next couple of years will be tough for the industry, but in the medium and long term we will see steady growth.
‘In the short term, local businesses need to develop a competitive edge to put them in the strongest position possible.’