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Industrial construction project-starts achieved 54% growth during the three months to May compared to the same period last year, 101% compared to the preceding three months, and 26% growth compared to the same period two years ago.
Industrial construction project-starts achieved the greatest growth of any sector during the three months to April, with the number of starts rising 85% against the previous year and 68% compared to the preceding three months, and even more encouragingly, 16% up on two years ago.
The stay at home rule, and the resultant change to our working practices, plus the massive increases in home streaming and online shopping has put enormous pressure on data centres and is driving significant investment in new data centre construction.
As the coronavirus vaccines start to roll out across the country, it’s heartening to know that infrastructure construction projects are going ahead which will help make our, soon to be regained freedom, more enjoyable, easier to travel through, and more connected
September’s issue of the Glenigan Construction Review - which reports on construction activity over the previous three months, and looks at planning approvals over the same period - identifies positive trends in activity as the industry has emerged from lockdown, restarted projects, and progressed new projects to site.
Few projects capture the interest of the general public quite like football stadiums and as we approach the end of an unusual football season, it seems like an appropriate time to take a look at the changing shape of stadium developments in the UK.
Following last week's announcement by the government to Build, Build, Build today, the chancellor, Rishi Sunak, outlined further stimulus in the forms of a furlough bonus, a stamp duty holiday and a £3bn green building plan to get construction moving again.
PM Boris Johnson has announced plans to build, build, build with the most radical reforms to our planning system since the Second World War, making it easier to build better homes where people want to live.
Industry data experts Glenigan look at the construction forecast as this year’s Budget places a welcome and long overdue emphasis upon greater investment in the nation’s infrastructure and built environment.
What does a majority Conservative government mean for construction over the next two years? And what new opportunities will campaign policy changes mean for businesses looking for growth, and stability?
Construction is experiencing some of the most challenging conditions since the last recession, but amid this turbulence, where are the opportunities for business, and what should firms be focusing on to ensure success in this challenging market? Watch our short video to find out.
Predicting construction activity is no easy task in the current political and economic climate. But for all the current uncertainty, The Glenigan Construction Industry Forecast for 2020 and 2021 highlights a series of bright spots across the industry which should underpin the growth of new activity in the years ahead.
Arguments over the level of UK defence spending will inevitably feature in the General Election. But behind the debate, the signs are that a significant programme of investment in the country’s military estate is generating a good flow of new construction opportunities.
Whichever party is in office when the political deadlock over Brexit is finally broken, the construction industry stands to benefit from a re-bound in new private business investment, particularly in new commercial and industrial building.
The recent postponement of workspace provider WeWork’s planned stock market floatation should not detract from the spectacular growth of the flexible office sector and the opportunities it creates for flexible office construction work from fitting-out and renovating space.
The underlying value of construction project starts in the North West has grown consistently since 2016 according to Glenigan’s industry analysis but after a retreat this year, some sectors offer promise.
Away from the vibrant hi-tech development scene around Cambridge, some major construction opportunities in the East of England are emerging in other towns and cities further afield.Significant new commercial, industrial and housing construction projects are taking shape, particularly around growing centres such as Peterborough and Colchester.
The recent launch of a government consultation to permit larger and taller mobile masts to be installed without the permission of local councils has highlighted the potential for new mobile masts construction work from upgrades to the country’s digital infrastructure.
The ‘end of austerity’ should help sustain the healthy levels of spending on regeneration projects across Britain’s towns and cities which are proving a good source of new urban regeneration construction work.Schemes to revive urban areas with new residential projects, improved transport and pedestrianised high streets are helping to buoy up public and private sector construction workloads.
Work on social housing construction projects is expected to rise over this year and into 2020.Increased support for shared ownership developments that were announced in the last Budget are expected to provide a stimulus. Projects disrupted by the 2017 Grenfell tragedy are also expected to begin moving onto site.
Spending on student accommodation construction projects is expected to defy uncertainty over Brexit over the next couple of years.Major projects about to start include a £102 million 533-bed project in Guildford by developer Future Generation, a joint venture between developer Southern Grove and Tadhamon Capital, which has let the work to contractor McAleer & Rushe.
After two years without a government due to a political stalemate, the level of public sector construction work is falling as decisions on new projects are deferred. Only one sector has registered a rise in work. This is housebuilding, where activity is increasing at its fastest level for more than two decades.
Construction in the West Midlands has seen an upturn in recent months. Construction on a series of major schemes to provide new industrial and commercial space around Birmingham and other major centres in the area is providing a promising source of work for the industry.
Political and financial market uncertainty does not seem to have dented developers’ confidence in the capital’s commercial property sector, particularly in the City of London. A series of new project starts and quoted company trading statements point to brighter times for City of London new office construction.
News that Legal & General is planning two major new science hubs around Oxford has highlighted that construction for new research space opportunities are being created by business spin-outs from universities. The L&G-funded scheme involves two science parks to be built outside the city centre – at Begbrooke and Osney Mead - which will provide space for a plethora of new science-based ventures and will be run by the University of Oxford.
Royal BAM tops leader board of civil engineers winning work over the past year according to Glenigan’s construction market research.In the 12 months to Q2 2019, Royal BAM’s civil engineering order book totalled nearly £880 million.
Extra funding and improved technology is set to improve solutions to the millions of potholes that blight the UK’s local road network and aid pothole repairs.Millions of pounds is being devoted to increasingly hi-tech solutions to the problem of pothole repairs and prevention, but critics argue that a more focused solution is needed.
Spending of £1.5 billion is expected to materialise for the Welsh education construction sector through a new public private delivery model being set up by the Welsh government to deliver a major new programme of school and college building.The proposals involve a private sector partner entering into a joint venture with the Development Bank of Wales.
The drive for renewable energy offers the prospect of some significant projects for civils contractors over the long term as the offshore wind and nuclear power programmes gather pace. But the need to keep the lights burning in the short term and in all weathers is creating significant opportunities for gas-fired power station construction.
News that the government’s department for digital, culture, media and sport has sanctioned extra spending worth £44 million to maintain the UK’s major national museums and galleries bodes well for museum construction.The extra investment will be welcome in a sector which has seen some lean years over the past decade as public spending cuts have hit capital budgets for museum construction.
The recent re-opening of Carlisle Lake District Airport has highlighted a growing investment programme at UK regional airports which is landing some significant new airport construction opportunities.Over and beyond the construction work worth £14 billion which a fourth runway at Heathrow would bring, the expansion of regional airports to cater for growing air passenger numbers is creating a promising source of new airport construction opportunities.
A £1.3 billion programme of prison-building projects by the Ministry of Justice looks set to offer opportunities for contractors but patience will be needed.The MOJ’s biggest project is HMP Wellingborough, which is a £253 million 1,680-place category C prison in Northamptonshire (Glenigan Project ID: 08409307).
Confidence is slowly returning to the construction industry in the North East, but contractors working there will need to be selective.Glenigan’s market analysis shows that the underlying value of starts in the North East rose 20% last year. This has helped transform a regional industry that was rated the most unstable in the whole of the UK by insolvency body R3 back in 2016.
Modular housing work is gaining pace with a series of new deals that are providing a boost for offsite manufacturing in the residential sector.Ilke Homes has won what is believed to be the biggest single modular housing contract with a £100 million deal to supply 750 modular homes for social housing giant, Places for People (Glenigan Project ID: 19181842).
As major retailers come under pressure to attract shoppers with leisure-related activities, a growing number of cinema construction projects are being built across the country to help ensure that new developments succeed.Developers are responding to the growing demand for ‘experiences’ at leisure destinations and a revival in the popularity of the big screen. Cinema attendance in the UK exceeded 177 million in 2018, the highest level since 1970.
One region which has enjoyed a Spring bounce in new construction activity has been Yorkshire & Humber. Alongside an upturn in private housing and infrastructure, the region is benefitting from new development for the digital and new tech sector, particularly around Leeds.Glenigan Construction data shows that new project starts across Yorkshire & Humber rose 26% in the quarter to May, compared to the period a year earlier.
Prospects for civil engineering contractors are improving thanks partly to an increase in spending on major roads projects around the country. A series of major new Highways England contracts are out for consultation and contractors should benefit from construction work starting on some significant projects in coming months.
Regional contractors are benefitting from Carillion’s collapse and the more recent failure of two large regional firms. Over the past year, Forrest and more recently Dawnus have followed Carillion into administration. Instead of national contractors bene
Resurgent residential and infrastructure sectors are expected to kick start a rebound in project starts in the South West this year. Glenigan’s construction research shows that the underlying value of project starts in the South West retreated by 20% last year, but in the three months to April 2019 starts were ahead 4%.
After Asda and Sainsbury’s merger was ruled out by the Competition and Markets Authority in April, Sainsbury’s chief executive officer Mike Coupe warned: “The CMA is … effectively taking £1 billion out of customers' pockets” but will the construction indu
Recent major project announcements and an upbeat trading statement from the UK’s largest industrial developer suggests construction activity in the logistics sector has gathered pace in the opening months of this year.