The Business Case for Construction

For the first time, we have categorical evidence that spending on construction significantly benefits the UK economy and that construction is the best sector for stimulating employment.

The evidence for this is presented in an independent report into the UK construction industry which has been commissioned by the UK Contractors Group in partnership with the CBI. Click here to download report

There is a central core communications campaign that is being undertaken by the UKCG (of which we are a member) and the CBI, with our strong support, to reach key influencers particularly in Government, the Opposition Parties and the Media.

Some key findings of the report

• Every £1 spent on construction leads to an increase in GDP of £2.84, as the spending not only creates construction output worth £1, but also stimulates growth elsewhere in the economy worth £1.84.
• 92p of every £1 spent on construction is retained in the UK.
• Every £1 invested by the public sector yields a return of 56p to the Exchequer. The net investment is therefore 44p.
• The construction value chain is 10% of UK GDP.
• Construction provides a £223 million trade surplus to the UK economy.
• 300,000 firms work in construction, many are SMEs.
• Construction employs 3 million people – 8% of the UK workforce.
• Construction provides 28.5 jobs per £1 million invested (40% more than manufacturing).

If you would like any further details on the Report or would like to support this campaign, please contact the UKCG communications team (Charles Reynolds; Tim Carr and Matthew Moth) at Madano Partnership on 020 7593 4000 or email: first.secondname@madano.com

Published: 21/01/2010