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Small businesses must act to curb Olympic skills drain

Small and medium sized contractors are urged to act now by investing in training and recruitment to stop the Olympic construction programme from causing a brain-drain on their operations.
Figures published last week by training body CITB-Construction Skills predicted 33,500 jobs will be created over the next seven years, including posts for builders and craft workers, architects, surveyors and administrators.

Accountancy firm PKF head of property and construction Neil Gray said; 'Smaller businesses might find they are missing out to larger firms when recruiting quality construction staff, but an influx of skilled workers should eventually help to plug the skills shortage we currently have in the sector.'

On the upside, PKF is predicting a mini work boom as jobs usually won by larger firms are picked up by small and medium sized builders, boosting local economies.

In the wider South East and Greater London there is expected to be £34 billion worth of projects with a capital value of over £100 million each, the Construction Skills report said. It will account for nearly 10 per cent of all construction work carried out in the region.

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