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 UK construction to grow by 3.9pc this year

[Feb 10, 2023]

The UK construction sector is set to grow by 3.9 per cent this year, according to a new analysis from peer-to-peer lending platform Easymoney.

Last year, the UK construction sector was valued at 97.6bn, making it “by far the largest in Europe,” Easymoney said. The sector has now rebounded from the pandemic and will return to growth this year, with a predicted value of 101.4bn by the end of 2023.

The analysis also found that residential construction accounts for the vast majority of the market, with an 80.8 per cent share.