The past year has tested the construction and property industry like few others in recent memory. Rising costs, political uncertainty, cautious investment and sweeping regulatory change have all combined to create one of the most challenging operating environments in decades. 

We sit down with James Watts and Alison Kilby of Arup to take an honest look at what 2025 and the past 12 months really felt like on the ground. Drawing on their experience advising major developers, public sector bodies and infrastructure clients, they share insight into how global economic pressures are shaping local decision-making. 

We explore the growing tension between ambitious sustainability targets and project viability, and discuss how developers and local authorities are trying to balance long-term goals with short-term financial realities. We explore into the practical impact of the Building Safety Act – where it has driven genuine improvements, and where it has added complexity and delay.

With institutional funding becoming more risk-averse, James and Alison reflect on how this shift is affecting major regeneration schemes and masterplans, and whether some projects are still being under-costed or over-promised. They explain what “proper costing” really means today in an era of inflation, regulation and programme risk.

Today’s episode was kindly hosted by Northspring at the podcast studio in Birmingham. A big thank you to our Building Brum podcast is sponsors reality capture and point cloud modelling specialists ScanTech Digital,  Solus, one of the UK’s leading suppliers of commercial floor and wall tiles, EH Smith Architectural Solutions - Brick and Fascade specialsts and Sunbelt Rentals with over 1,500,000 items of equipment- they are the largest providers of equipment hire in the UK.