Now that the UK has formally served notice to leave the EU, the real challenge associated with Brexit can begin. Property and infrastructure need to plan for a range of post-Brexit scenarios, as well as for the intervening period – the ‘peri-Brexit’ period, which will extend well beyond 2019 as sector-specific transitional arrangements come into play. Ultimately, the willingness and ability of clients and suppliers to take-on and manage risk is going to be a key attribute moving forward.
The final shape of the Brexit deal remains hard to predict. However, with prospects for greater instability in Europe and the US, global markets could become more challenging – slowing down across the board, yet simultaneously increasing the UK’s attraction for business. Property and infrastructure will need to plan for a range of post-Brexit scenarios.
House-builders cannot rely on future capacity based on existing delivery models. Configuring demand to attract new investment and new capacity is one of the greatest challenges facing the UK over the next five years. To operate effectively, developers will need to introduce scale and certainty into their delivery plans.
The UK has long been an attractive location for investment, but much of this is aligned to low investor risk. This means that the management of peri-Brexit fallout will play an important role in attracting new investors and ensuring that existing players maintain or increase their stake in UK-assets.
UK regions increasingly recognise they are in direct competition with European cities for skills, employment and investment. Yet by reducing London’s role as a ‘gateway to Europe’, regional cities may benefit from better access to global markets. Creating the economic, political and marketing infrastructure necessary for UK cities to become global players requires a transformation of leadership and greater collaboration.
Devolution has a key role in unlocking investment in housing and infrastructure. Local authorities must commit to long-term planning and investment, a more entrepreneurial approach to driving growth and above all, tangible examples of joined-up working – for example linking job creation and wider issues of community well-being.
Share this page viaMail
Now that the UK has formally served notice to leave the EU, the real challenge associated with Brexit can begin. Property and infrastructure need to plan for a range of post-Brexit scenarios.Download
The world is a complex place, Arcadis helps you navigate this complexity by understanding the bigger picture.
Arcadis is committed to providing a healthy and safe working environment for all our employees.