Sean Keyes, managing director, Sutcliffe, said:
“The crisis that is currently facing Russia and Ukraine will undoubtedly push up the price of energy, with a large proportion of the UK’s gas currently coming from Russia.
“This’ll impact directly on the construction sector, with energy required for every aspect of our businesses from manufacturing, to transportation and even on site – which in return will have a knock on effect to the wider economy.
“This’ll be an on-going issue for the foreseeable, but looking at the bigger picture, this may actually encourage innovation and push the green agenda further in the UK, as many people are now realising that we can’t be completely dependant on the fossil fuels supplied by Russia and the Far East.”