Brexit and its Impact on the M&E Sector

Brexit and its Impact on the M&E Sector

 

At Cento, we understand that the world of Mechanical and Electrical (M&E) services is not immune to the greater socio-political shifts around us. The UK's departure from the European Union, popularly known as Brexit, has led to a climate of uncertainty, and its repercussions are being felt across various industries, including the M&E sector. This blog aims to explore the impact of Brexit on the M&E sector and offer guidance on navigating this period of transition.

 

Understanding Brexit's Impact on M&E

 

Brexit brings several challenges to the M&E sector. First, it disrupts the established supply chains due to potential tariffs and delays at the border, which could impact the cost and timeline of projects. Additionally, the M&E sector, already grappling with a diminishing skilled workforce, faces the potential loss of skilled EU workers, exacerbating the talent gap.

Lastly, regulatory divergence post-Brexit could introduce new compliance requirements. All these factors, combined with the general uncertainty surrounding the Brexit transition, can create a volatile environment for businesses in the M&E sector.

 

Strategic Staffing Solutions

In response to these challenges, businesses must make strategic decisions, especially concerning talent acquisition. The potential talent drain post-Brexit underlines the importance of having a well-planned recruitment strategy in place. At Cento, we specialise in providing staffing solutions that account for such market dynamics.

With our global reach, we source talent from a wider pool, alleviating some of the pressures caused by the scarcity of candidates in the market. Moreover, our focus extends beyond immediate recruitment needs to long-term workforce planning, ensuring businesses have access to skilled professionals, from engineers to senior management and C-suite roles, even amid market uncertainties.

 

Building Resilience through Diversification

 

Another way businesses can prepare for uncertainty is by diversifying their operations and supply chains where possible. This approach can help mitigate the risks associated with reliance on a single market or supply source. Diversification can extend to sourcing materials, partnering with contractors, and even exploring new markets for business expansion.

 

Navigating Regulatory Changes

 

The potential for regulatory divergence post-Brexit also necessitates keeping abreast of any changes in M&E standards and regulations. Ensuring compliance will require both awareness of and adaptation to these changes.

 

Looking Ahead with Optimism

 

Despite the challenges that Brexit poses, it's important to remember that it also presents opportunities. The need for adaptability may spur innovation, while the reshaping of the labour market could lead to a renewed focus on training and upskilling domestic workers.

Brexit's full impact on the M&E sector may not be entirely clear yet, but by preparing for uncertainty, businesses can navigate this transition more effectively. As your talent solutions partner, Cento, is committed to helping you adapt to these changes, ensuring you have the right talent in place to face the challenges and seize the opportunities that lie ahead.

 

Market Statistics

 

  • The M&E sector is expected to grow by 2.5% in 2023. This growth is expected to create more demand for M&E professionals.
  • The average salary for an M&E engineer is £50,000. This salary is expected to increase in the coming years due to the growth of the sector and the shortage of skilled workers.

 

The demand for M&E services is expected to increase in the following areas:

 

  • Sustainable energy: The UK is committed to reducing its carbon emissions, and this will create demand for M&E services related to renewable energy and energy efficiency.
  • Digitalisation: The M&E sector is increasingly using digital technologies, such as building information modelling (BIM), to improve efficiency and productivity. This will create demand for M&E professionals with skills in these technologies.
  • Infrastructure: The UK government is investing heavily in infrastructure, such as roads, railways, and hospitals. This will create demand for M&E services related to the design, construction, and maintenance of infrastructure.

 

Cento is a specialist talent solutions partner for the M&E industry. We can help you find the right M&E professionals for your business. We have a team of experienced consultants who can help you with:

 

  • Recruitment: We can help you find the right M&E professionals for your business, regardless of their location.
  • Training: We can help you train your existing employees to meet the challenges of a post-Brexit world.
  • Consulting: We can provide you with market intelligence and advice.

 

If you are looking for M&E professionals, contact Cento today. We can help you find the right people to help your business succeed.

 

Here are some additional statistics that you may find helpful:

  • The M&E sector employs over 2 million people in the UK.
  • The M&E sector contributes £130 billion to the UK economy each year.
  • The M&E sector is responsible for building and maintaining the UK's infrastructure, including roads, railways, hospitals, and schools.
  • Brexit is a complex and uncertain issue, but with careful planning and preparation, M&E businesses can mitigate the risks and seize the opportunities that it presents.