News CPA forecasts growth in construction
According to Summer Forecasts by the Construction Products Association (CPA) published on 4 August, the con- struction industry will grow by around 10% and contribute nearly £11 billion to the UK economy over the next two years. The new CPA report predicts that
construction output will grow by 4.7% in 2014 and 4.8% in 2015. Total construction output will rise by 22.2% over the next five years. Meanwhile, private housing starts are expected to grow 18.0% in 2014 and 10.0% in 2015. Commercial offices output is forecast to increase by 10.0% in 2014 and 8.0% in 2015.
CPA economics director, Dr Noble
Francis, said: “The Forecasts reflect the increasing strength of the sector, though risks remain. We anticipate the recovery will continue through the fore- cast horizon in 2018 and broaden both across sectors and regions. Overall levels of activity will likely match their 2007 peak in 2017.”
He added: “In the short-term, the
activity will primarily be led by private housing, infrastructure and commercial. Notably, in the long-term, we expect this activity will be boosted by work on schools and hospitals. “The private housing sector con- tinues to benefit from the improving
economic backdrop and government policy measures, with housing starts expected to grow 18.0% in 2014 and 10.0% in 2015. The pending general election, however, will cast the future of housing policies into doubt. Such uncertainty, together with questions about affordability and higher mort- gage repayment costs, will likely sub- due private housing growth to 5.0% per year from 2016. “Commercial, the largest sector, has a greater influence than housing on the overall outlook for the construction industry and should contribute 23.4% growth over the forecast horizon to 2018.”
H&V companies sign up for Ecobuild 2015
Baxi Commercial, CORGI Services, EnviroVent, Fernox, Honeywell Control Systems, Innasol, Viessmann, WILO (UK) and Xylem Lowara UK are the latest big names to have signed up to exhibit at Ecobuild 2015. Taking place from 3rd to 5th March at London’s ExCeL and supported by trade bodies NICEIC, HETAS, BPVA
and MCS, Ecobuild now serves the UK’s energy professionals who attend to learn about and purchase all aspects of renewable energy, energy efficiency and management. Attracting over 18,000 heating, plumbing and renewables buyers, Ecobuild almost doubled its installer audience at the 2014 event.
Spring 2015 is a critical time for installers who will be getting up to speed on the latest training and technol- ogies to make commercial and domestic premises more energy efficient ahead of the winter. For more information about next
year’s exhibition visit the website at
www.ecobuild.co.uk
NEWS IN BRIEF
Ideal urges installers to upskill Hull manufacturer, Ideal Boilers, is urging installers to prepare for a busy heating season by taking time to update their skills.
http://bit.ly/VLyMiD
Family business wins bundle Fernox has named Matthew Follan, director of family owned business Sun Realm Heating as the latest bundle winner in its 50th anniversary promotion.
http://bit.ly/1tzbf1z
BIM training
Ecobuild has teamed up with NBS to deliver free Building Information Modelling (BIM) training for every level, from the technical and granular, to basics for people just starting out.
http://bit.ly/1tETUTL
Dalkia changes to Veolia name Veolia group company, Dalkia plc, has announced that it is adopting the Veolia brand name in the UK.
http://bit.ly/1mMbIHO
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