It is difficult to predict the exact impact that the Spring Budget 2023 will have on the UK construction industry as the government’s plans and priorities can change over time. However, based on recent trends and announcements, there are some potential areas where the Budget could affect the industry, including:

1. Investment in infrastructure: The UK government has recently announced plans to invest in infrastructure as part of its plan for economic recovery from the COVID-19 pandemic. This could include funding for large-scale projects such as the HS2 high-speed rail link, road improvements, and the expansion of renewable energy sources.Increased investment in infrastructure could create new opportunities for the construction industry.

2. Green initiatives: The UK government has set ambitious targets for reducing carbon emissions, and the construction industry is a significant contributor to greenhouse gas
emissions. The Spring Budget could include measures to encourage the industry to adopt more sustainable practices, such as funding for green energy projects or incentives for retrofitting existing buildings to improve energy efficiency.

3. Support for first-time buyers: The UK government has previously introduced measures to support first-time buyers, such as the Help to Buy scheme and the stamp duty holiday. The Spring Budget could include similar measures that would boost demand for residential property and stimulate construction activity in the housing sector.

4. Support for small businesses: The construction industry includes many small businesses and self-employed contractors who have been particularly hard hit by the COVID-19 pandemic.The Spring Budget could include measures to support these businesses, such as tax breaks,grants, or loans.