News
11/10/2024
We are proud to have contributed to a report by the CIOB into the risks and opportunities facing the many Small and Medium Enterprises (SMEs) operating across Wales's construction sector. SMEs are integral to the Welsh construction industry and the broader economy. The considerable number of SMEs that have gone into administration in recent years suggests there is a systemic issue within the industry, and not the result of individual business failings. In order to identify opportunities to address systemic issues, CIOB has investigated the underlying reasons for these failures and provides recommendations that seek to bring about positive change for the future. The report highlights the daily struggles faced by SMEs, including complying with ever-evolving regulations, experiencing financial constraints, adapting to the digital revolution, dealing with obstacles in contractual agreements, and contending with the all-too-common “race to the bottom.” The full report can be accessed here: The SME Construction Landscape in Wales | Risk Factor Analysis | CIOB.
