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Much of the demand is being fuelled by initiatives such as the £15billion ‘Road Investment Strategy’ that was unveiled by the Government earlier this month which aims to increase the capacity and improve the condition of roads across England. In addition to this, there are a number of ongoing projects such as the development of the Crossrail and HS2 train lines that are driving demand for engineering contractors.
As a result, many professionals are expecting to see their earnings rise. The giant group analysis found that 94 per cent of its contractor database expects their earnings to increase or stay the same over the next twelve months, a rise of three per cent year-on-year and indicative of heightened optimism.
Matthew Brown, managing director of giant group, said: “An investment in the road network is certainly worthwhile and should help to cement the future of this country as a global power. Contractors should benefit greatly from this commitment and the other ongoing projects that will improve domestic infrastructure and it’s extremely encouraging to see that they believe opportunities will increase over the next twelve months.
“We predict demand will continue to rise as businesses and the Government feel increasingly confident about investing in the future. This will surely lead to more and more large-scale projects being commissioned which will greatly benefit contractors whose niche skills are likely to be in continued demand.”
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Susie Hughes © Shout99 2014
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