Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Construction Skills Shortage Threatens Infrastructure Projects Amid Growing Pension Fund Interest

by April 29, 2024
April 29, 2024
Construction Skills Shortage Threatens Infrastructure Projects Amid Growing Pension Fund Interest

A dire shortage of construction skills and persistent planning delays pose significant threats to infrastructure projects, despite heightened interest from pension funds to invest in the sector.

Randstad’s analysis reveals a pressing need to recruit 500,000 individuals to fulfill demand for ongoing large-scale projects and upcoming schemes, including the Lower Thames Crossing, National Grid expansion, and Stonehenge Tunnel.

Simon Harris, Construction Head at the recruiting firm, underscores the industry’s stretched capacity, exacerbated by talent drain from housebuilding sectors. Since 2008, the construction labor force has dwindled by 465,000 workers, creating a stark labor shortage amidst escalating demand, particularly for green energy initiatives.

Harris warns of a looming “brutal labor shortage” as infrastructure demands surge, with projects like HS2 and Sizewell C competing for skilled workers.

Meanwhile, pension fund leaders signal intentions to boost investment in British infrastructure, with nearly two-thirds planning increased spending. GLIL Infrastructure’s survey highlights energy transition as a priority for 70% of respondents, citing investments in battery storage, hydrogen, and carbon capture.

Ted Frith, COO at GLIL, underscores the pivotal role of patient capital in financing infrastructure projects essential for the UK’s transition to a sustainable, net-zero economy. However, he flags concerns about the UK’s attractiveness for investment, citing prolonged planning delays hindering infrastructure upgrades.

While pension funds express readiness to allocate capital, Frith underscores the urgent need to address planning inefficiencies to facilitate smoother project delivery and bolster investor confidence in the UK infrastructure market.

Read more:
Construction Skills Shortage Threatens Infrastructure Projects Amid Growing Pension Fund Interest

0
FacebookTwitterGoogle +Pinterest
previous post
Ireland’s Customs Duties Surge by €700m Post-Brexit, Boosting Exchequer Revenues
next post
Nearly half of Brits want to start or grow a side hustle

You may also like

End of an Era: The 195 Years Casino...

April 2, 2024

Royal Mail fined £5.6m for missed delivery targets

November 13, 2023

West Yorkshire Mayor kickstarts “region of learning” with...

May 9, 2024

Euros fever adds £3bn boost to British economy

July 15, 2024

8 Dangers of Working in the Oil and...

July 15, 2024

Lloyds and Halifax to shut 40 branches as...

January 23, 2023

Strategies for Effective Talent Landscape Mapping in Tech...

May 16, 2024

1 in 5 businesses admit to greenwashing with...

October 5, 2022

Kemi Badenoch’s Net Zero U-turn: A Political Play...

March 18, 2025

RMT rejects new offer from rail employers in...

December 5, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved