ECA responds to CPA figures

ECA responds to CPA figures

Steve Bratt, CEO of the Electrical Contractors’ Association (ECA), has responded to the Construction Product Association figures which predict recovery for the sector is 12 months away.

He said, ‘Times are still challenging for the construction industry. More and more firms are tendering for a smaller pool of work, and the projects which are available have slim profit margins.’

Bratt continued, ‘The launch of PF2, announced in last year’s Autumn Statement, and the Chancellor’s pledge to invest £5bn in infrastructure will, I hope, lead to a revival of the education and healthcare markets, which are crucial to the sector’s long term success. However, what construction really needs is a short term shot in the arm. The government’s investment is very welcome and gratefully received, but we need a boost now in order to lay the foundations for a long term recovery. Funding for shovel ready construction projects would provide this and this is something we need to see sooner rather than later.’

Bratt continued, ‘As a sector which often plays the final part in the construction or refurbishment of a building, electrical contracting may face a longer wait for recovery. However there are opportunities available for firms if they diversify into new markets. This year sees the launch of the Green Deal and the Renewable Heat Incentive, two initiatives which will provide openings for the electrical contracting sector. In addition, the ongoing carbon reduction agenda means the repair, maintenance and improvement market has tremendous potential for electrical contractors. Because of the emphasis working in this sector places on client relationships, this market offers a strong possibility for repeat business, welcome in times of economic turbulence.’

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