Consultancy market growth dipped in 2015
Growth in environmental consultancy revenues fell last year to 4.4%, with election uncertainty and a slowdown in large infrastructure projects largely to blame, research has revealed.
Consultancy revenue growth fell 4.4% in 2015, compared with increases of 6.6% and 4.9% in 2013 and 2014 respectively, according to Environment Analyst’s annual market trends survey. The dip was more pronounced for large firms (those with revenues of more than £10 million). Their growth in 2015 averaged 3.8% compared with 5.5% in the previous year. Smaller consultancies reported average growth of 4.6% for 2015, similar to 2014.
The researchers said the downturn was due to the general election, as developers delayed investment decisions and government bodies waited for clarification on policies and spending plans. Four in ten survey respondents said that their business had failed to see any growth in 2015, ...