It took a three-year long review but it seems increasingly likely that the UK is to get a third runway for its largest airport.

Sir Howard Davies, who lead the Airport Commission, has confirmed what most business heads have been thinking for over a decade – for the UK to compete with the rest of the world, we need Heathrow to get a third runway. If not Heathrow, certainly Gatwick.

A third runway would cost around £17.6bn to build, great news for the construction sector, while also contributing nearly £150bn of economic growth overall and some 70,000 new jobs within the next 35 years, he said.

With numbers this good – the chance of David Cameron delaying a decision further still seems slim.

For investors looking to the construction sector with renewed interest on the back of this and therefore seeking to put their money into some of the bigger names in the sector – the ConBrio BEST Income General fund has exposure to both Balfour Beatty and Carillion – to make almost 8% of the portfolio.

Investors should note that the fund has failed to outperform its UK Equity Income sector by nearly 20% since 2010, however it is worth noting also that it has had a fundamental change in its mandate in July 2012. Still perhaps now is an opportune time for the fund to capitalise from its high exposure to the building and construction sector?

Investors should also not forget that Heathrow is also responsible for freight and not just passengers, the Schroders UK Dynamic Smaller Companies fund is also an interesting choice as it has over 40% in industrials, a good option for those feeling bullish on the UK’s export market’s recovery story. 

Comment to be attribute to Mika-John Southworth, director at FE Trustnet.