One of the most lucrative industries across the world is the construction industry – in fact, 1 in 14 of the world’s population work in construction. As you can imagine, building homes, businesses and other buildings is one of the only jobs which will always be needed. Millions of buildings need to be built to keep up with demand, so this is one of the best industries to invest in. One area in which the construction industry is booming is the city of London – here is everything you need to know about understanding the London construction industry.
Sustainable Construction Is In
One of the most essential things that you should be able to understand about the sustainable construction industry is that it is immensely popular in London. Some of the largest sustainable building projects that are currently being worked on are in the England capital – the UK is truly leading the way when it comes to expanding eco construction. The UK is working hard to reach the terms set out at the Paris Agreement, to get the country to net zero – which is driving all of these sustainable construction projects. It’s essential to know that London construction is becoming greener by the minute.
Upskilling Is Needed Across The Board
It’s essential to know that upskilling will be needed across the board when it comes to London’s construction workers. There is a massive skills gap across the world that is affecting a lot of different industries, however, upskilling is needed most significantly in the London construction world. Many construction workers tend to learn on the job for the skills they need, meaning they don’t have the appropriate construction NVQs to affirm their skills. Finding on-site assessment is one of the best things that you can do if you want to upskill construction staff.
London Will Need The Most Development
London needs a lot of development in order to keep up with the extensive population growth that the region has been going under. London has always been a population-dense area, but this is only growing. Development will be needed significantly when it comes to the entire London area, so you should make sure that when you’re making any investments you keep this in mind. There are also many regulations that building projects need to adhere to throughout the London area, so make sure that you do your research on this before starting property investment.
Industry Accreditation Is Changing
It’s essential that you understand construction industry accreditation before you start a construction company in London. In the past, CSCS cards used to be able to be issued with just a simple assessment – however, next year, the rules are changing. Now, construction workers will need to have NVQs or other qualifications to be able to get their CSCS card. This is essential to know if you need to ensure all of your staff are CSCS accredited.
If you want to invest and get involved in the London construction industry, it’s important that you do your research and keep these 4 factors in mind.