What are the threats that I may face?
The insulation installation sector in Scotland is expected to grow because of Scottish Government targets, regulations, and initiatives aimed at achieving net zero. An overreliance on any one work stream, such as that coming from government programmes, can risk an uneven flow of work, especially during transitions between scheme phases. However, there is potential for growth in the sector where consumers can fund the projects themselves.
With increasing demand and the high cost of making insulation materials, like other construction products, there’s a risk of supply and demand imbalances and occasional material shortages. Although imports can help, they can be costly due to inefficient transport. Therefore, building strong relationships with the supply chain and manufacturers is essential.
A shortage of skilled labour can be a risk to recruitment and retention which makes in-house training and upskilling very important.