The NHBC has reported construction businesses in the South East of England have seen a significant surge of activity in the past 12 months…
Construction firms in the South East of England are enjoying a surge in the number of projects, it has emerged. The National House Building Council (NHBC) said the UK had seen an increase in the number of new builds, rising to 15 per cent on the previous year in the 12 months to June 2015.
While some areas, such as the south coast saw a one per cent decrease in new build starts during the same period, the NHBC said the South East, including the M23 corridor had seen strong growth.
Goldstone Homes, based in Sussex, is among a number of construction firms that have seen a sharp increase in demand for services.
Managing Director Jon Over said: “We deal with a large range of different projects, but increasingly it is new build housing developments that are becoming our main source of income particularly in the South East where there is a shortfall of available properties for sale.
“Over the previous six months we have seen a significant rise in project wins securing £2.7 million of new business and increasing our turnover by over 82 per cent to £1.15m compared to the same six month period of 2014.”
The firm reported it expected to see its turnover increase fivefold by 2018 to £10m as a result of growth in the South East.
Over added: “We have actively recruited new members of staff to join our expanding team to take on and complete projects as well as assisting to help grow the business over the next 18 months.”
As the government continues to push major infrastructure projects and new homes across the country the construction sector will benefit.