THE Construction Plant-hire Association (CPA) has announced it will unveil the findings of its first fully comprehensive study of UK plant hire at the organisation’s conference on November 7.
The first panel session will see speakers Chris Cassley (policy manager at the CPA) and Jamie Charles (lead economist at Oxford Economics) provide delegates with an insight into the findings of the study.
The CPA commissioned Oxford Economics to research and write the report into the size and scope of the UK plant hire sector. It is tipped to make for a ‘compelling’ read for those employed in the sector, as well as policymakers and stakeholders. The CPA revealed it helps put into perspective the breadth and scope of the industry and why it remains a key destination for highly skilled jobs.
Key findings of the CPA/Oxford Economics report include:
- The construction plant hire sector contributes £14 billion annually to the UK economy
- Construction plant hire contributes 191,500 jobs to the UK economy
- For every £100 contributed to GDP directly by construction plant hire, the sector supports a total of £218 around the economy
- Construction plant hire workers are 16% more productive than the average UK worker, with a higher share being company managers or directors
- For every 100 people directly employed by construction plant hire, the sector supports a total of 216 jobs around the economy
Steve Mulholland, CPA CEO said, “This research has been carried out over many months and we are excited to share the findings for the first time at the CPA Conference. While the report is an opportunity to showcase the plant hire sector, it also acts as a chance to review the progress made over recent years and the contribution CPA members make to the wider UK economy.
“Over the last few years, plant hire businesses have had to adapt and evolve in order to survive. As we look to the future, it is one full of opportunities, growth, new technologies and innovations. Decarbonisation and the move to a net zero economy has been at the forefront of policymakers’ plans – it is important that our sector plays its part in this process, as the move away from diesel and fossil fuels gathers pace. This, alongside the rise of AI and digitalisation, will all have a profound impact on plant hire companies in the coming decades.”
Copies of the report will be available on request at the CPA Conference, which is being held at the Heart of England Conference and Events Centre near Coventry. Delegate tickets include lunch and can be purchased online at https://www.cpa.uk.net/events/cpa-conference-2024. CPA members can take advantage of a 50% discount on the normal ticket price of £80 plus VAT (£96) by emailing enquiries@cpa.uk.net
