Schools, Universities and Hospitals - UK - March 2016
“Government policy and the need to restrict public spending overrides population demands, leading to very different influences than if the market was determined by demand expectations. The ageing population in the UK should be driving much greater expenditure in the health sector than schools and universities, where population projections are for much more modest growth. However, this is not evident in actual trends, with school construction activity stimulated by the government’s academy programme, and the universities sector stimulated by the introduction of major competition.”
– Terry Leggett Senior B2B Analyst
This report addresses the following key questions:
- How will the market develop over the next five years?
- What will be the key market drivers?
- What sectors offer the best prospects?
- How is government policy affecting the market?
- Will increasing competition between universities increase property investment?
The definitions used for the construction sector in this report are from the ONS. Sectors include both publicly and privately financed projects. Public work is for any public authority, such as government departments and universities. Private work is for a private owner, organisation, or developer, and includes work carried out by firms on their own initiative. It includes work where the private sector carries the majority of the risk/gain. For example, in principle, all PF2 contracts are private.
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