The UK’s Fastest Growing Sectors

As you’ve probably already noticed, business is constantly changing. Industries frequently shift between being of the utmost importance, and being essentially inconsequential. It is important to learn which industries are here to stay. Whether you are looking for a change in career, or just searching for different opportunities, it is vital to know you are making a correct decision. This is especially true following the uncertainty of the Brexit. However, generally speaking, the UK economy is growing faster than expected.

Construction

After the Brexit vote in 2016, the industry was expected to drop. This is due to fears that a lack of EU labour would be available. However, surprisingly, the industry has flourished since. Studies show that the construction business is growing, fast. From 2016 to 2018, a whopping 30,000 new businesses were created, which is a growth of 10%. In 2019, the construction industry accounts for 13% of all UK businesses. If you have a background in building work, architecture, or engineering, construction might be the best career path for you. The stats don’t lie – construction is one of the best industries to get into.

House & Office Removals

The general opinion is that if you don’t live in a flat (or a small house), it’s always worth it to hire a professional removals company. Following the Brexit vote, many companies are moving from the UK to the EU, which means removal companies have their work cut out for them. As a result, the need for these businesses is definitely on the rise. An example would be Amazingmoves, a house and furniture removal company from London. Ever since the company was founded, it has been constantly growing and employing new workers. People will always need a helping hand when moving, so working in the removal industry is definitely a step in the right direction.

Energy

The UK is looking to reduce carbon emissions. Did you know that the government plans to increase all energy consumption from renewable resources to 15% by 2020? Consequently, experts estimate that the renewables industry could open up to 400,000 new jobs by the end of the year; that is a huge number. As new technologies arise, and people become more and more attracted to using renewable resources – it is apparent that the industry will continue to flourish in the following years.

Digital Marketing & Advertising

The industry of digital marketing has been growing quickly for the past 10 years, and it does not seem like it will slow down. As social media channels are expanding, the demand for more people in this area of work is on the rise. If you have a degree in Graphic Design, English, or even Maths, you can definitely find great work here.

Virtual Reality

The demand for good VR is rising, rapidly. The market is expected to be worth £120 billion by 2020, and the UK can certainly capitalise on that. It’s important to note that Virtual Reality is not just for gamers. It can be used in work too. For example, VR could test safety measures, it could be used in digital marketing, and could help with police training. The possibilities are (literally) endless with VR. The majority of Virtual Reality companies are based in London, though new studios are emerging all over the country. VR is one of the most exciting things happening in the tech world right now, and it will definitely become a big part of our lives in the future. If you want to help shape the incoming world of Virtual Reality, you might want to look into the industry.

Finance

More and more start-up businesses are emerging all over the country. The industry is rapidly growing and in need for financial guidance. As a result, the demand for finance professionals is rising. Not only that, but also UK-based firms expect an 88% growth in the following years. If finance is your thing, you should have no problem finding work in the UK in today’s market.

Looking For Work?

While these businesses are definitely in demand, this doesn’t mean that there aren’t other opportunities. There will always be jobs available in the IT and tech world, as technology is an ever-growing sector in 2019. However, as previously mentioned, it is hard to guess which industries will become obsolete in the future. The market can change, and it can change fast. As a result, it is important to do research on the industry you are interested in and see what the forecast is like. In the end, the most important thing is to work in a field you actually enjoy.

Trying to Invest?

On the other hand, if you’re looking to invest, you should probably stick to the industries on the list. When it comes to investment, it’s always better to be safe than sorry. There is no question that the UK is very important for (local and international) investors. The London Stock Exchange has the third largest stock exchange in the world.