News

UK practices stage ‘spectacular’ recovery as overseas work jumps 43%, RIBA finds

By 2023-12-06T07:00:00

City_of_London_skyline_current_1

Source: City of London Corporation / GMJ

Total revenue saw 17% increase in year to May 2023, but profits edged up by just 2%

UK architecture practices have staged a “spectacular” return to growth over the past two years driven by booming workloads overseas, a RIBA report has found.

Total revenue across all RIBA chartered practices surged by 17% in the 12 months to 1 May 2023 to £3.6bn in what the institute described as proof that the sector has become a “global success story”.

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