Exchange rate tops list of constructor concerns

Dutch glasshouse and garden centre constructors hope to remain competitive post-Brexit but are more worried about exchange rates than the referendum's impact on garden retailers' plans for expansion or redevelopment.

Smiemans Projecten's Jan de Leeuw said: "Up to now we haven't noticed a stagnation or decrease of initiatives for new builds or revamps among UK-based companies or received signals of ongoing projects being shelved.

"As an EU-based company, we have noticed that our position in current UK tender procedures, started pre-Brexit, somewhat suffered from the fall of the pound. For new RFPs, however, we do not expect this to have much of an influence. The recent euro/pound history shows similar currency rates in the period from 2008 to 2013 and at that time we were also able to be competitive in the UK market, due to our level of quality, craftsmanship and innovation."

Thermoflor's Ferry Bruegem added: "There's not really much difference in trading attitude after the post-Brexit decision, but more fear about the euro/pound exchange rate, which influences trading in a massive way."

Planning consultant Malcolm Scott said: "A few people out there who were about to take investment decisions held off and didn't take out bank loans until they found out what's happening, but I expect they are not going to proceed."

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