A “Temporary” Solution To The Economic Crisis
22 October 2008
Business expansion given a temporary solution in economic turbulence.
Temporary buildings specialist, Spaciotempo is experiencing an increase in the demand for their high quality bespoke temporary building solutions. This is due to companies seeking to postpone non-essential expenditure such as expansions in the recent turbulent financial market. The combination of slower economic expansion, economic uncertainty and a decline in capital investment in buildings, plants and machinery, means organisations are adopting lower risk growth strategies such as the use of temporary buildings.
Spaciotempo temporary buildings are widely used in the manufacturing and logistic sectors providing; additional production, storage and handling capacity. Temporary buildings offer many of the amenities that permanent buildings do such as; heating, lighting, flooring, glazed doors and windows and the same safety standards.
The bespoke building solutions offer a convenient and cost- effective answer to the current economic climate, allowing companies to proceed with business and not lose much needed man hours. Spaciotempoâ managing director Mark Taylor, comments: “British business faces a tough year and few companies are prepared to speculate to accumulate. At the same time, the need to quickly and cost-effectively capitalise on increased demand has never been more crucial. “Investing in new premises or permanently expanding existing facilities presents a risk which, in the current economic climate, most organisations are simply not prepared to take. Whilst understandable, this potentially inhibits their ability to take full advantage of any new business opportunities.
The “Credit Crunch” has hurt the manufacturing sector, with 9% of companies predicting output will be constrained by credit or finance in the coming quarter. The Confederation of British Industry’s survey discovered this is the highest figure since 1975. Ian McCafferty, the CBI's chief economic adviser, said: "Finance has not been a big issue [for manufacturing companies] in the past, but for the first time, in this survey, we see conditions have become more difficult.
"The sharp falls in orders and output show the slowdown in the UK economy is now spreading to sectors previously resilient to weakness in the banking and housing markets."
The recent slump in housing and building production has triggered an effect on the rest of the economic market. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, said: "This is now having a meaningful impact on consumer spending and jobs. It has, as a result, played a large role in pushing the economy to the brink of recession.”
In addition to the financial risks associated with capital investment projects, organisations are also at risk from factors beyond their control, such as fire, flood or storm damage. With the winter months drawing in and predicted bad weather ahead, temporary buildings also provide an effective disaster recovery solution, allowing essential activities to continue in the event of an emergency.
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- 05/06/2020 - Spaciotempo help drive innovation and efficiency for Farrell Transport
- 08/07/2019 - Textile company’s turnover doubles thanks to temporary warehouse
- 08/07/2019 - Specialist trainer creates simulated warehouse in Spaciotempo structure
- 08/07/2019 - Spaciotempo goes the extra mile to create luxury car dealership
- 08/07/2019 - Spaciotempo provides a robust response to growth
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- 08/07/2019 - Spaciotempo is to play a crucial part in Keyline’s business plan
- 04/07/2019 - Leading logistics company expands with Spaciotempo structure
- 04/07/2019 - ICM Ltd extends workshop with a Spaciotempo retractable tunnel
- 04/07/2019 - Flexible structure delivers Oakland International supply chain opportunity
- 03/07/2019 - Temporary warehouses provide a port in the storm of Brexit
- 03/07/2019 - New Divisional Director takes the helm at Spaciotempo
- 03/07/2019 - Family-run boatyard turns to Spaciotempo for its third tunnel
- 03/07/2019 - Spaciotempo puts fitness first as membership soars at new gym
- 03/07/2019 - Natalie is set to fly the flag for Women in Construction
- 02/07/2019 - Training provider boosts business continuity with temporary building
- 02/07/2019 - Spaciotempo helps Haskins Garden Centre to grow
- 02/07/2019 - Spaciotempo helps Keyline to lay a firm foundation
- 02/07/2019 - Successful Scania dealership expands with Spaciotempo workshop
- 02/07/2019 - Spaciotempo’s storage solution proves popular with thriving bathroom firm
- 28/06/2019 - Christmas has come early for staff at The Range
- 28/06/2019 - Canopy ensures products are not compromised
- 28/06/2019 - Bespoke canopy shelters employees from the winter weather
- 28/06/2019 - Iconic British brewery uses players’ tunnel to promote its brand
- 28/06/2019 - Dorking Wanderers FC kicks off the season in style thanks to eye-catching tunnel
- 28/06/2019 - Spaciotempo helps Strikes re-launch just in time for summer holidays
- 26/07/2017 - Semi-permanent building provides long-term storage solution for Irish international food group
- 17/08/2016 - Temporary building specialist ‘raises the roof’ with new product launch
- 21/07/2016 - ‘Pompeii of the Fens’ set to change excavation projects forever
- 08/06/2016 - Temporary structures key to “Celtic Phoenix” as industrial property prices surge
- 08/06/2016 - UK manufacturer invests in growing space following export surge
- 08/06/2016 - Temporary building specialist goes green with new standard
- 08/06/2016 - Greenvale ramps up storage to meet Christmas potato rush
- 09/11/2015 - Temporary building helps meet record demand for Scotch whisky
- 29/10/2015 - Spaciotempo solution key in bid for Bronze-Age time capsule
- 19/08/2015 - Innovative buildings help quench Britain’s changing drinking habits
- 19/08/2015 - Temporary sports complex wins top marks
- 19/08/2015 - Spaciotempo has solution for Ferrari experts
- 19/08/2015 - New jobs part of ambitious growth plan for Spaciotempo
- 16/04/2015 - Experts provide import solution at major port
- 08/04/2015 - New guide shows innovative buildings are cost-effective solution for education sector
- 16/03/2015 - New jobs part of ambitious growth plan
- 13/02/2015 - ISO Quality standard shows commitment to customers at Spaciotempo
- 13/02/2015 - Temporary pool complex making waves north of border
- 13/02/2015 - Logistics managers are being urged to consider a temporary solution to meet a growing shortage of quality warehousing space.
- 13/02/2015 - Spaciotempo steps up operations in Ireland
- 12/02/2015 - University challenge can win top marks in £40m makeover
- 02/07/2013 - Temporary car showroom impresses staff and customers at VW Letchworth
- 17/05/2013 - Cooper BMW Sunderland’s temporary showroom shines during major works
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- 16/05/2013 - Money and customer demands are named as the biggest challenges for the materials handling industry
- 10/10/2011 - Spaciotempo provides temporary retail space during renovation
- 10/10/2011 - Landrover opts for Unloading Protection
- 10/10/2011 - Fleetwood Town Players Tunnel
- 01/06/2011 - Spaciotempo meets space needs of Stadco
- 01/06/2011 - Flexible Spaciotempo building earns contract extension at Fujitsu
- 01/06/2011 - Decontamination tunnel for North Staffs Hospital
- 25/01/2010 - Temporary digs solution for Webbs
- 22/01/2010 - Adaptability for Dril-quip wins praise for Spaciotempo
- 03/10/2008 - Case Study Of the 'Spaciotempo'
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