RIBA survey shows international work slide for third year running

RIBA's 66 Portland Place headquarters

Overall revenue and profit “hold steady” despite limited growth, but pay gaps widen at big firms

Architects have reported a further decline in revenue from international work in the latest RIBA Business Benchmarking survey, with last year’s 14% fall compounded by an additional 2% drop.

Because data for the annual reports covers RIBA chartered practices’ experiences in the 12 months to May each year, its 2021 and 2022 Business Benchmarking results are a snapshot covering the first whole-year periods since the UK’s formal departure from the European Union.

According to the figures, revenue from international work was £524m last year, down from £535m in 2021, and £624m in 2020. Survey respondents reported international-work revenue of £625m in 2019, meaning the latest figures are the third consecutive year of contraction. However 2019 saw practices’ international revene surge 22% on the previous year.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.