The UK government recently released its latest update of the construction pipeline. Already worth £127 billion, official figures reveal that the pipeline has gone up in value over the last six months.
Provided by construction data specialists Barbour ABI, the pipeline is designed to help UK business prepare for scheduled government spending actions. It is updated twice a year, and constantly strives to extend its influence beyond the major construction spending divisions and improve data integrity.
Listed projects in this latest update include a nuclear waste management facility valued at £11 billion and £12 billion to be spent on education construction across the country.
A recent statement by Simon Mahoney, Barbour ABI’s managing director, indicated that the construction industry’s single biggest client in the UK government, which provides over 40% of the annual spend in the country. He said it was imperative that this publicly funded cash be both accessible and clearly outlined, enabling companies to plan their strategies around the projects in the construction pipeline. Barbour ABI collects and collates pipeline data on the Government’s behalf, keeping the industry informed about the several developments that continue to take place.
The data was published by Francis Maude, Minister for the Cabinet Office. He commented that the government’s long-term economic plan included publishing the pipelines of upcoming spending to assist businesses in preparing for and winning government contracts. This, he explained, is exactly what businesses are asking for: current and centrally located information about future government opportunities. Such details assist UK businesses with growth and innovation, and deliver high value to taxpayers.