INTRODUCTION
Finding viability and value for construction in 2026
The UK is set to be the third-fastest growing economy in the G7 in 2026, according to the Organization for Economic Cooperation and Development (OECD), behind the United States and Canada. Yet progress is slow, and general inflation is high.
Government spending is constrained, and business confidence is fragile, meaning the appetite for capital projects is cautious in both the private and public sectors.
Uncertainty over long-term returns and challenges to delivery hamper those writing built asset business cases. All these question marks converge on a single issue: viability.
This edition of the UK market intelligence explores how project teams define and determine viability, managing an evolving business case through to successful delivery.
At a glance
Construction new works output increased by 1.8% on the year
Construction annual wage inflation falls to 3.4% in October, from 9.5% in March
Bank Rate down to 3.75%, the lowest rate in three years
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