It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years.
While none of us possess a crystal ball, it is uncanny how accurate some of these forecasts have been over the years. Here, Business Link catches up with Erol Erturan, Managing Director at Leeds-based Adept Civil and Structural Consulting Engineers.
The election result is very positive, giving more certainty in these uncertain times and we’ve already seen an increase in enquiries for new construction projects as a result, which bodes well for the sector as a whole.
It is now time for politicians to take action and as an industry we hope they will keep their promises.
Investment in schools, housing, hospitals and Northern Powerhouse rail are all needed to provide secure jobs and prosperity. However, until an orderly Brexit is secured, with a robust trade agreement, it’s likely that there will still be some nervousness from private investors during 2020.
The financial health of the construction industry’s tier 1 contractors is also still a concern. There has already been a number of well publicised failures and it’s feared there could be more. This means there are lots of unknowns as we head into 2020, but come the end of the year, the potential is there for both the economy and the construction industry to be in a stronger position.