FM confidence levels continue at high level
07 March 2017
Results from the Facilities Management Business Confidence Monitor 2017 have been published by BIFM today.
Although concern was expressed around issues such as Brexit, levels of confidence recorded matched those of 2016.
Results from both last year and the latest study showed that 62% of respondents described the FM business environment as either positive or very positive.
Regarding market conditions over the next 12 months, 40% said they expected it to improve and 51% expected it to remain stable.
A further 8% thought the market would deteriorate, which is perhaps surprising in the wake of recent profit warnings by some of the large service providers.
The report further states that the FM sector now has an estimated value of £121.8bn a year to the UK economy.
Further concern was expressed over challenges within the UK economy (57%), competition (45%), recruiting and retaining staff (23%) and skills shortages (22%).
There was also a vote of confidence for the Apprenticeship Levy, which will be introduced on 1 April, with 85% of respondents saying this would be 'very positive, 'positive' or 'satisfactory' in encouraging new people to join the sector.
Barclays was one of the partners in the report and head of Business Services Nicki Thomson said the survey provided a better understanding of "what the next 12 months have in store for this vital sector".
"It is pleasing to see that more than half of survey respondents think the Apprenticeship Levy will have a very positive or positive impact on bringing new talent into the FM sector," she continued.
"With the skills shortage a key topic of conversation, apprenticeship schemes offer a lifeline to businesses looking to train and develop new staff from the ground up," said Ms Thomson.
The full version of the report can be accessed here.