The Economic Value of Off-Site Construction

 

The construction sector is vital to the UK economy and to the Government achieving its economic and social ambitions. Our research, conducted with the support of Heathrow Airport found that to make the most of the opportunities available, the sector needs to modernise quickly. WPI Economics created a report for Heathrow Airport analysing the economic benefits of an increased take-up of off-site construction.

The final report (which can be read here) detailed how off-site construction, if utilised by more firms and employed in more major projects, can create a major new export opportunity for our post-Brexit economy.

To create this report, we employed a comprehensive methodology: we conducted a literature review of existing analyses; conducted an original in-depth investigation of current data on productivity, skills and GVA in the construction sector and the national economy; conducted economic modelling to produce top line figures; interviewed stakeholders to build detailed case-studies to apply the theory to contemporary situations; and finally assessed the circumstances to provide robust policy recommendations.

The report was provided with infographics of the key findings to present the research in an engaging manner, and allow the findings to be shared on digital platforms.