What is the impact of Brexit? It is recognised there will be significant short to medium term risks associated with the UK leaving the EU, particularly in the event of a “no-deal” Brexit. However, not all is doom and gloom. The construction industry has shown remarkable resilience from the recent challenges as a result of the COVID-19 pandemic, and it is hoped this will continue as the UK leaves the EU. In time, the possible reduction of EU labour may drive the use of modern methods of construction and an increase of digitisation may help to attract new entrants to the industry and improve efficiency and outcomes.
“There is optimism that in the longer-term there are opportunities for the construction industry from the UK leaving the EU.”