The plan will target 10% revenue growth year on year with a revenue target of £3bn by 2026.

The ambitious growth plan will see Mace raise its global presence in the development, infrastructure, built environment and operations markets, with a sector focus on healthcare, data centres and town centre regeneration.

Mark Reynolds, Mace’s chief executive, said that a new programme of capital investment would see the creation of new business units and potential acquisitions in strategic target markets over the next six months.

In response to climate change and creating a more diverse and inclusive global society, Mace also aims to reduce carbon emissions by 10% yearly and close its gender and ethnicity pay gap by the same rate each year.

As part of the push to reduce emissions, it aims to work across the entire value chain to reduce scope 3 emissions by more than one million tonnes by 2026 and by 2030 all emissions by 50%.

By adopting a ‘construction to production’ approach across its construction and consultancy businesses, Mace anticipates 90% of work to be delivered using modern methods of construction by 2026.

Reynolds said: “The last twelve months have shown that companies in all sectors must urgently change how we do business, and our new strategy responds to two of the great challenges of our time: addressing climate change and creating a more diverse and inclusive global society.

“By putting purpose at the heart of our strategy, our vision is that by 2026 Mace will be leading the way across the globe in disrupting how the built environment is developed, built and operated – from creating new models for town centre regeneration and housing delivery driven by social value to working with our clients to radically transform how we construct buildings and infrastructure.”

He added: “Our strength as a business has always been our exceptional people and their industry-defining ambition and expertise.

“By setting out our purpose and priorities clearly, we want to put our colleagues at the centre of everything we do; growing together to realise a bold vision of the future of the company over the next five years.”

“The ambitious growth plan will see Mace raise its global presence in the development, infrastructure, built environment and operations markets, with a sector focus on healthcare, data centres and town centre regeneration.”