Funding and skills shortages are construction’s biggest challenges

A lack of funding and a shortage of skills are the biggest barriers faced by the construction industry in the North West.

The findings came out of a survey carried out by The University of Central Lancashire (UCLan), which questioned delegates at its Construction Best Practice event.

Other problems highlighted by attendees, made up of representatives from the North West’s construction industry, included late payments and growth difficulties.

Professor Akintola Akintoye, who is Dean of The Grenfell-Baines School of Architecture, Construction and Environment at UCLan said: “It’s unsurprising that shortages in both funding and skills are considered the biggest obstacles faced by construction professionals.

“During uncertain economic times, an investment can make all the difference to a business’s sustainability and a skilled workforce is essential for strong and balanced growth.”

When asked about the best ways to address the issues faced, the most popular solutions identified by delegates at the event were collaboration and networking.

Professor Akintoye added:

“It’s good to see the North West’s construction community has identified collaboration as a way to tackle the issues. With the right support, the region can overcome these obstacles, grow profit, safeguard jobs and gain a competitive edge.”

The Construction Best Practice event brought construction business owners, directors and improvement managers together with UCLan’s innovation and enterprise team to learn about the types of support available to businesses from the University. Additional events will be taking place throughout the year.