Cabinet Office’s latest update, unveiled at the Government Construction Summit, shows that value of work has risen by £13bn
The value of work in the government’s construction pipeline has jumped by 13% to £116bn after the pipeline was refreshed this month.
The Cabinet Office’s latest update to the construction pipeline, unveiled at the Government Construction Summit last week, showed that the value of work had risen by £13bn to £116bn, up from £103bn in the previous version, which was published in December.
The latest release of the pipeline covers work for each year from 2014 through to 2020, and then work beyond 2020.
The greatest value of work in the two years to 2016 is in transport, with a £14.2bn pipeline; followed by education, with £9.2bn; then housing and regeneration with £3.8bn (see table).
The pipeline is worth £38bn from 2014-16; £47bn from 2016 to 2020; and £31bn beyond 2020.
The construction pipeline is compiled by construction analyst Barbour ABI, which is owned by UBM, the publisher of Building, and is hosted on Building’s website.
Barbour ABI economist Michael Dall said: “These latest figures represent a huge boost to the UK construction industry.
“Hopefully the government pipeline will help to increase optimism across the industry, which was strongest towards the end of 2013 when output rose at its fastest rate for more than six years.
“Plans of new projects and significant spend in the infrastructure sector should help to dispel concerns that the industry is becoming too reliant on the housing sector.”