Joanne Waller, managing director of Sourced Development Group
"In 2022 the construction industry witnessed prices for materials soar as a result of the war in Ukraine, which inevitably takes its toll on margins. We have sadly seen some construction businesses go bust as they have been unable to manage rising costs.
"However it has forced businesses to double down on relationships with the supply chain, becoming more agile and savvy.
"Our contractors have remained robust, with a steady stream of projects in the pipeline providing much-needed certainty in what is a volatile market. I’m hopeful an upturn in the economy abroad will help settle inflation at home.
"I believe 2023 will see steady demand for high-quality, well-designed homes. As we reach pivotal stages in our residential schemes in Liverpool and Manchester and we get to work on ambitious new schemes in both of the North West’s major cities, the New Year provides another exciting opportunity for Sourced Development Group and indeed the development sector."