{"id":155288,"date":"2025-09-17T10:29:39","date_gmt":"2025-09-17T09:29:39","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=155288"},"modified":"2025-09-17T13:23:15","modified_gmt":"2025-09-17T12:23:15","slug":"uk-built-environment-sector-outpaces-all-other-sectors","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/uk-built-environment-sector-outpaces-all-other-sectors\/155288\/","title":{"rendered":"UK built environment sector outpaces all other sectors"},"content":{"rendered":"

A new report by NLA has revealed that the UK\u2019s built environment makes up 24% of the nation\u2019s total Gross Value Added (GVA), doubling the contribution of the financial services sector<\/h2>\n

The report treats the built environment sector as encompassing all related professions, including architecture, planning, construction, manufacturing, real estate, and consultancy.<\/p>\n

According to their metrics, one in eight of all jobs in the UK is supported by the built environment sector.<\/p>\n

The report claims to be the first of its kind<\/h3>\n

The report claims to reveal the full extent of the UK’s built environment sector\u2019s impact on the economy for the first time, highlighting how, with the right support, it could help boost the country\u2019s economy.<\/p>\n

The built environment sector generates \u00a3568bn in GVA through a workforce of 3.8m people.<\/p>\n

Despite this, the report also shows that the sector is experiencing fragmentation in public investment, policy, and professional representation, which a re-definition of the sector could help solve.<\/p>\n

This would include all industries and occupations in the built environment to strengthen its identity and engage more targeted support from policymakers.<\/p>\n

Nick McKeogh, chief executive of the NLA, said: \u201cIn the 1980s, the \u2018British invisibles\u2019 of banking, finance, insurance, law and accountancy professions came together to define the financial services industry as a single sector, and the government and Bank of England seized the opportunity to get behind this concept and put this burgeoning and world-leading sector at the heart of its economic strategy for growth.<\/p>\n

\u201cWe believe that the opportunity exists for the government to do the same with the built environment sector. Redefining it as a high-growth sector in the Industrial Strategy \u2013 rather than as merely a facilitator of growth in other key sectors \u2013 would allow built environment industries to reach their potential. Policy, taxation, education and skills reform are needed to change the public\u2019s understanding of its true scale and potential to support national prosperity.\u201d<\/p>\n

More information about the report can be found here.<\/a><\/p>\n

Robust investment advancing the construction sector<\/h3>\n

In June, the new UK infrastructure strategy<\/a> was published, outlining the next decade of plans and the associated investment strategy, including:<\/p>\n