As the dust settles after the UK's latest budget announcement, we know that many businesses are assessing how the changes will impact their organsiation and workforce, particularly in engineering and technical sectors. At Rise Technical, we’ve reviewed the potential effects on the industry to provide some clarity and optimism as you plan ahead. Highlighting key budget measures impacting the Technical and Engineering space and identified strategic opportunities to support your talent planning.
Energy
The budget's focus on green technology investments and infrastructure improvements reflects the government’s commitment to energy security and sustainability. This year has seen an unprecedented increase in funding for energy, underscoring the prioritisation of clean power and innovative technology as key pillars of economic growth. Specific measures, such as substantial boosts in funding for renewable energy initiatives, energy efficiency projects, and electric vehicle infrastructure, signal a promising landscape for energy companies. This influx of capital is expected to drive a surge in demand for skilled engineers to advance these projects.
The significant investments in renewables, energy efficiency, and EV infrastructure will fuel demand for specialised engineering talent across areas like wind, solar, hydrogen, retrofitting, and smart grid technology. Companies focused on clean energy and EV infrastructure are proactively expanding recruitment strategies to secure the skilled workforce needed to meet the growing project demands and capitalise on this historic level of government support.
Engineering
While budget changes may introduce adjustments to taxation and spending, the ongoing push for innovation, infrastructure projects, and sustainable technologies creates a solid foundation for growth in engineering. Investments in energy, manufacturing, and construction signal ongoing demand for skilled engineers, and we expect to see opportunities continue to expand across these sectors.
Technology
Looking at Technology, the budget reflects a strong commitment to technology and innovation, with initiatives focused on expanding digital infrastructure, enhancing R&D incentives, and supporting green tech.
These investments signal a rising demand for tech talent, especially engineers essential for driving innovation. Expanded R&D tax credits, particularly for SMEs, aim to accelerate advancements in fields like AI, cybersecurity, and machine learning, creating a surge in demand for specialised engineers and software developers. Funding for digital infrastructure—including 5G and fibre-optic projects—points to heightened demand for experts in networking, data management, and infrastructure planning, aligning closely with smart city initiatives and IoT advancements. Increased support for green technology underscores the UK’s sustainability focus, which will drive demand for professionals specializing in environmental engineering, sustainable IT solutions, and green architecture.
Construction
The UK government’s latest budget underscores a commitment to infrastructure, housing, and sustainable building, creating significant opportunities for construction companies. Key highlights include substantial funding for critical infrastructure projects, which will increase demand for skilled engineers and project managers. Additionally, enhanced funding for affordable housing aims to accelerate construction timelines, necessitating a skilled workforce for efficient delivery. With a strong focus on green initiatives and net-zero targets, the need for specialists in sustainable engineering will rise, making proactive hiring strategies essential for companies to capitalize on these growth opportunities.
How We Can Help
The uptick in engineering and tech investment intensifies competition for top talent. Partnering with Rise Technical gives you an edge in attracting high-calibre candidates equipped with the expertise needed to thrive in an ever evolving industry.
Get in touch with our Client Engagement team to discuss your projects and explore how we can support your hiring needs: enquiries@risetechnical.co.uk
