Lee Wilkinson, PwC Real Assets director, said:
“The UK construction sector saw the challenges brought on by growing skills shortages, price inflation and supply chain issues reach a peak in 2021.
“Built up demand is now coming through, however, and recent announcements about investment in infrastructure and regional cities are positive and will help to further build confidence across the sector.
“Skills along with talent recruitment and retention will remain as some of the key challenges in 2022. The climate crisis and operational challenges around how businesses can continue their decarbonisation journey will continue to be front and centre for boards, investors and employees. For those businesses which can remain adaptable, agile and innovative, the outlook for the year ahead will be positive.”