Real estate

We're on the up


Britain's construction sector is booming, with more than 15,000 new building companies set up last year, according to credit-monitoring group Creditsafe. Office for National Statistics figures also showed that the sector grew by 7.4% last year, the fastest rate since 2010. The number of businesses operating in the sector also increased by 5.6% to 214,521. A total of 15,805 were start-ups. Creditsafe also said the credit-worthiness of construction firms is improving after a rollercoaster period following the financial crisis. Just 5% were in the highest risk category at the end of 2014, compared with 11% at the start of the year. The proportion of businesses in the sector sitting in the lowest risk band increased from 13% in 2013 to 23% by the end of last year. The figures come after a number of housebuilders reported strong results. Unemployment figures also show that labourers, drivers and tradesmen in the sector are leading the way in finding jobs.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

Women in Business with Cause4

Santander announces breakthrough women in business mentoring programme in association with Cause4 .

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?