Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 5°C

ESTD 1874 Search

East Anglia: Region leads the way for growth in industrial construction contracts

11:04 21 August 2014

Michael Dall, lead economist at Barbour ABI

Michael Dall, lead economist at Barbour ABI

Archant

The East of England saw a surge in the value of construction contracts in the industrial sector last month, with the region accounting for near half of the UK total.

shares

The latest Economic & Construction Market Review compiled by Barbour ABI, which supplies construction data to the Office for National Statistics, the Cabinet Office and the Treasury puts the value of industrial construction contracts in the region during July at £180million.

This represents 44.4% of the value of all contracts awarded for the sector UK-wide and an increase of 40.2% compared with July 2013.

Michael Dall, lead economist at Barbour ABI, said: “Industrial construction activity in July was at its highest since Christmas, and the East of England was right at the forefront of this growth.”

The level of growth in the East was largely down to the award of a £140m contract for Gateway Park, a 240-acre distributino park in Peterborough, but the regional total also included a significant level of activity across the logistics sub-sector.

“Warehouse and storage projects were the most predominant in the industrial sector last month, accounting for 58% of contract value in July, and this doesn’t look set to change as long as sites such as the one in Peterborough are still ripe for development,” added Mr Dall.

The East also saw growth in a number of other sectors, helping it to account for 11% of the total value of all construction contracts awarded in the UK in July, behind only London and the South East.

In the education sector, the East saw the biggest year-on-year increase in the value of contracts anywhere in the UK, with the total 6.4% higher compared with July 2013 and representing 11.8% of the national total, behind only London and Scotland.

Residential contracts in the East were up 2.4%, representing 7.2% of the total, and infrastructure contracts in the region were 1.8% higher, accounting for 7.8% of the total.

However, in contrast with the growth in industrial contracts, the value of commercial and retail sector contracts in the region was 4.6% down on July 2013, with the region’s share of 3.8% being the joint second lowest in the country.

The value of contracts in the region also fell in the hotel, leisure and sport sector, by 1.1%, with the East accounting for 7.3% of the total, and in the medical and health sector, although by just 0.2%, with the region’s 2.9% share of the total being the lowest in the country.

Nationally, the value of construction contracts was up 4.8% year-on-year last month, although output in the sector remains 10.3% below the pre-recession peak reached in 2008.

shares

1 comment

  • Tory party propaganda !, trying to 'buy' the next Election !, all too little and far too LATE !

    Report this comment

    freedomf

    Thursday, August 21, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Alex Till of Menta.

Enterprise agency Menta has launched a new Digital Enterprise Engagement Programme (DEEP), offering newly formed local businesses and those who are self-employed access to free digital training courses.

Solar farm. Library image.

A proposed solar park in Wix has been tipped for approval by council planning officers.

The headquarters of Realise Futures in Ipswich.

Ipswich-based social enterprise Realise Futures has won a contract to provide supported employment services for adults with disabilities across a wide area of Essex.

Stage 5 of the Womens Tour passes through Onehouse on their way to Bury St Edmunds last year

Schoolchildren will also be involved in an evening of activities in Bury St Edmunds ahead of the start of a major women’s cycling event.

Cloud telecoms company X-on has launched Cuube, a new online communications services platform.

Cloud telecoms company X-on, based at the Framlingham Technology Centre, has launched Cuube, a new online communications services platform.

Paul Rous, of Bruisyard Hall, has launched a tech startup venture with Mark Pearson

A Suffolk entrepreneur has teamed up with a top technology investor, who made millions from a website he created with just £300, to help finance new ideas.

Jeremy Goulding, front, left, chief executive of Wheatley, is congratulated by Innovatioin Martlesham chair Ian Buxton on winning the first Innovationi Martlesham competition. Also pictured, from left, are Paul O'Brien of BT, Jane Bromley of Wheatley, Mike Ward of Wheatley and Mohamed Abdel-Maguid from University Campus Suffolk.

Software company Wheatley has been named winner of a new competition staged by Innovation Martlesham, the cluster of hi-tech companies based at BT’s Adastral Park research site, near Ipswich.

Total unemployment in the UK has reached a near seven year low, official figures showed today.
Photo: Philip Toscano/PA Wire

Unemployment in the UK has continued to fall and a record 31million people are in now work, according to the final labour market figures before the General Election.

The Nestle Purina plant in Sudbury.

KitKat, Nescafe and Shredded Wheat maker Nestlé said today that first quarter sales had been boosted by an earlier Easter, but with growth dented by currency changes after the Swiss central bank’s shock decision to lift a cap on the franc.

Most read

Most commented

Topic pages