Sharing financial risk is the best way for the sector to weather the economic storm

By Matt Voyce 2023-01-30T07:00:00

With market uncertainty to contend with in the months ahead, collaborative partnership and risk-sharing must be the way forward for the sector, Matt Voyce of Quintain writes

With construction rates slowing down and market predictions casting a long shadow over the months ahead, the industry needs to take stock and find the right solutions to ride out the economic storm.

It was in October that almost 17,000 construction firms were declared to be “at significant risk” of collapse, according to data from audit and tax firm Mazars. That figure was up 54% on the previous quarter and high inflation was really starting to “run riot”.

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