Cabinet Office reveals future construction contracts worth £109bn
Published: 22 August, 2013
Barbour ABI, provider of construction intelligence services, has recently published details of government construction contracts worth £109bn on behalf of the government.
The data, published last week (19 August), is part of the Government Construction Pipeline and can be accessed on a new website: www.uk-cip.org.uk.
The Government Construction Pipeline is reviewed every six months to ensure new opportunities are reflected and more details are provided as they emerge. It has now been updated following the Spending Round for 2015/16 to include further programmes and projects up to 2020 and beyond.
This version of the Pipeline contains the largest amount of proposed construction projects ever published and includes opportunities related to investment in infrastructure across government, as set out in Investing in Britain’s Future.
- Over £3.3bn of new funding to build 165,000 affordable new homes in England over the next three years
- £370m in 2015/16 for the long-term funding settlement for flood defences, alongside further funding commitments to deliver improved protection to at least 300,000 homes
- Over £40bn commitment to build High Speed 2 (HS2)
- Trebling annual investment in major road schemes by 2020/21 compared to today’s levels – the biggest programme of investment in roads since the 1970s. For example, local authorities have been allocated nearly £6bn to help repair the local road network and the Highways Agency has allocated over £4bn to resurface the vast majority of the national network by 2020/21.
Cabinet Office Minister Chloë Smith said: “We know that being transparent about opportunities available in the public sector is exactly what suppliers need to start looking at their business, investing and boosting their capabilities.
“Regularly updating this information and providing construction suppliers with much earlier visibility of future opportunities within government gives UK businesses the knowledge they need to plan, get ahead of the game and grow. With over £109bn worth of future public construction contracts now up for grabs from now to 2020 and beyond, we are reinforcing our long-term commitment to rebalance the economy and help Britain get ahead in the global race.”