Lack of finance ‘hitting construction’

Overwhelming positivity over the future of the construction industry is being tempered by a severe lack of finance with almost two-thirds of industry leaders citing it as the biggest impediment to growth.

More than 60% of construction sector business leaders identified securing finance for projects as the biggest challenge they face in attempting to develop their business against the improving economic back-drop.

The funding shortage has forced many construction companies to look to other sources of finance to fund projects, with private equity by far the most popular.