Latest News Wed, Dec 4, 2019 11:18 AM
The Royal Institute of British Architects (RIBA) has published its annual summary of business trends in architecture and construction sectors.
The RIBA’s annual Business Benchmarking report tracks UK architects’ turnover and salaries, and identifies global growth areas for the export of UK architecture expertise.
Drawn from data provided by RIBA’s Chartered Practices, the Business Benchmarking Survey has been conducted since 2012, providing a record of trends over time.
This year’s report shows a resilient architectural profession directly contributing £3.6bn to the UK economy and flourishing overseas. Key trends revealed in the 2019 RIBA Business Benchmarking report include:
Since the survey in 2012, the number of RIBA Chartered Practices has increased from approximately 3,000 to 3,600 and revenue has more than doubled to £3.6bn (from £1.6bn).
RIBA CEO, Alan Vallance, said: “The 2019 RIBA Business Benchmarking report illustrates unabated demand for UK architects internationally. Significant increases in work in Asia, the Middle East and Europe clearly indicate the value of British expertise and the importance of further developing relationships in these growing markets. For practices relying solely on UK income, political uncertainty is a continuing worry. Whoever forms the next government must set out a comprehensive vision that enables the architecture profession to continue to thrive in the EU and beyond.
"As a global professional body, the RIBA sets standards and drives excellence in architecture all over the world. We assist architects, wherever they live or work, and are expanding our international network to be able to provide even more tailored support in important markets, including China and the Middle East.”
The Executive Summary of the 2019 RIBA Business Benchmarking report is available at: https://www.architecture.com/business-benchmarking
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