Monthly Archives: January 2015

UK Government unveils its updated £127 billion Construction pipeline

The Government have recently released their latest update of the £127 billion construction pipeline, rising in value by 10 per cent over the last six months, according to the latest official figures.

UK Government unveils its updated £127 billion Construction pipeline

Barbour API, the construction intelligence specialists, provided the pipeline which is designed to help businesses prepare for planned government-spending streams

Projects on the list include HS2, an £11 billion nuclear waste management facility and over £12 billion on education construction across the UK.

Simon Mahoney, Managing Director of Barbour ABI stated:

“The Government is construction’s single largest client, providing over 40% of annual spend in the UK, therefore it’s imperative that this publicly funded money is accessible and outlined clearly, allowing businesses to plan around the many thousands of projects within the construction pipeline. Here at Barbour ABI, we collect and collate the pipeline on behalf of the Government, helping to keep the industry up to date with the many developments.” Continue reading

Surging construction sector provides boost to growth

There have been stronger than expected estimates of construction output in the third quarter, which are likely to lead GDP growth for the period to be revised.

shutterstock_123013987According to latest estimates, the construction sector experienced faster than expected growth, the UK output has been revised up in the third quarter.

The current estimates of growth in the period have assumed that construction output increased by just 0.8pc. Large upwards revisions to the data now imply that the GDP growth was 0.1 percentage point stronger.

Assuming there are no other changes, the construction sector’s strength will likely see GDP for the third quarter pushed up from 0.7pc to 0.8pc.

This alteration would mean that the economy had not slowed down as drastically as previously thought, cooling off from 0.9pc growth in the second quarter. Continue reading