Education Construction Output Growth Forecasts (New Work) 2011 to 2017 - by Value (£ billion at Current Prices)
KEY TRENDS As a share of the contract floorcoverings market, educational establishments account for around 18% by value.
Previously a stronghold for carpet, the education sector has adopted a wider range of floorcovering products in recent years. Vinyl in particular has made share gains within the education sector where vibrant colours and the ability to differentiate areas have been particularly popular.
flooring has proved to be very popular in some education establishments.
Carpet still holds a significant share, but with carpet tiles as well as broadloom now specified in many establishments. As with other end-use sectors, there is now more emphasis on colours and textures for floorcoverings within education and the general trend, where budget allows, is for creating brighter colour schemes within schools.
THE PSBP The £2billion Priority Schools Building Programme (PSBP) was announced in July 2011 and is designed to address schools in the poorest condition. In February 2015, the second phase of PSBP was announced, which will see
FUTURE PROSPECTS The key to the future of education construction output remains the rate of procurement and funding of key national building programmes. In the new build sector, the Government’s PSBP is expected to generate increased workloads in 2016 along with other major programmes in the schools sector, such as the Schools for the Future Programme in Scotland and the 21st Century Schools Capital Funding Programme in Wales.
Going forward, education construction output is forecast to rise by between 1-4% per annum between 2015 and 2020 to reach around £11.5billion. Recent announcements regarding
the rebuilding or refurbishment of 277 schools across England between 2015- 2021. All building work under PSBP1 was due to be completed by the end of 2017 – however, at the end of 2015, only 19 schools had been completed under the PSBP scheme, with work having been started at 60 schools in total.
the investment of £23billion in school buildings, the opening of 500 new free schools and the rebuild and refurbishment of over 500 schools and a focus on essential maintenance needs, are also likely to boost output growth into the medium-term.
All types of flooring will benefit from this investment drive, with wood, carpets, vinyl and tiles all widely used in the education sector. Education is one of the largest non-residential markets for floorcoverings, with high replacement demand an important market feature. However, pressure on capital budgets has resulted in some lowering of specifications in new school buildings, though the sector will continue to offer good opportunities going forward for flooring suppliers.
Extracted from the ‘Education Construction Market Report - UK 2015-2019 Analysis’ Contact
sales@amaresearch.co.uk or see
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twitter.com/TContractFloors EDUCATION | 45 HIGHER EDUCATION
Despite the increase in tuition fees, student numbers continue to expand in the higher education sector placing great pressure upon university teaching, research and residential infrastructure. University construction work remains a much smaller market than the schools & colleges sector, accounting for around 16% of all education work in 2015.
The value of public sector university work to contractors reached £1.6billion in 2015, the highest ever recorded. Workloads will be boosted by key long-term capital building projects in the sector as universities invest in research, teaching and accommodation facilities following the removal of the cap on student places for the academic year 2015-16.
Student accommodation is also a growing sector and the shortfall in university owned accommodation is likely to continue to be met by commercial providers.
In addition, safety
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