UK Government unveils its updated £127 billion Construction pipeline
Published: 15 January, 2015
The Government have recently released their latest update of the £127 billion construction pipeline, rising in value by 10% over the last six months, according to the latest official figures.
The pipeline, is provided by construction intelligence specialists Barbour ABI and 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, MD 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.”
Francis Maude, Minister for the Cabinet Office who published the data, commented “As part of this Government's long term economic plan we are publishing pipelines of future spending to help businesses across the country plan for and win contracts with government. We are providing businesses with exactly what they are asking for - up-to-date information in one central place about future government opportunities. This is helping British businesses to grow and innovate, and providing maximum value for taxpayers.”
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