The SME Construction Landscape in Wales | Risk Factor Analysis
The SME Construction Landscape in Wales | Risk Factor Analysis
This new research from CIOB focuses on the unique issues and risks faced by construction SMEs in Wales. Four roundtables were undertaken to understand these issues, and the report contains recommendations for stakeholders.
Small and medium enterprises (SMEs) are an integral part of the Welsh construction sector, and a significant contributor to the Welsh economy. At present, SMEs are facing considerable challenges across the sector. This report, developed in conjunction with SMEs, was written to better understand these challenges and to identify opportunities to mitigate or remove them.
This research is informed by four themed roundtable sessions. The themes were identified as key areas in which SMEs are most likely to struggle: Technical and Compliance, Skills and People, Commercial and Financial, and Pre-Construction and Construction. Each discussion covered myriad topics relevant to these areas.
This research aims to:
- Outline and better understand the current challenges facing SMEs in the Welsh construction sector;
- Provide evidence to policymakers and make recommendations for tangible policy change, giving a voice to the industry and ensuring the needs of SMEs are considered in the policymaking process;
- Develop recommendations for SMEs and the wider construction sector to improve trading conditions for the construction sector as a whole and make it more widely accessible for SMEs.