Regional Construction Hotspots in Great Britain 2018 - A forward-looking analysis of construction activity by region and by sector - Barbour ABI
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UK Construction Hotspots REPORT 2018 To navigate just click on buttons below and they will take you directly to your chosen section. Home Overview Regional Construction Key regional hotspots Key regional coldspots Hotspots in Great Britain 2018 REGION FOCUS… East of England East Midlands London North East A forward-looking analysis of construction North West activity by region and by sector. Scotland South East South West Wales West Midlands BROUGHT TO YOU BY… Yorkshire & Humber CASE STUDY… HS2 Hubs Methodology About the CPA BROUGHT TO YOU BY
UK Construction OVERVIEW… Hotspots The UK Construction Industry REPORT 2018 To navigate just click on buttons London is the UK’s largest regional economy and construction gross activity in 2016. Parts of the West Midlands and South West complete below and they will take you directly Construction GVA in 2016 £m value added (GVA) in 2016 (the latest available from the top ten list, underscoring the fact that there are large areas of to your chosen section. London 19,470 the ONS) was £19.5 billion, accounting for activity beyond the traditional engines of growth. Home South East 17,501 18% of the UK total. With a construction This piece of work seeks to analyse construction contract awards on East of England 12,250 Overview GVA of £17.5 billion, the South East a high level of regional granularity, firstly to identify pockets accounts for a similar proportion of North West 9,383 Key regional hotspots of growth or contraction – hotspots and coldspots – in UK construction (16%), which can lead South West 9,309 Key regional coldspots regional activity and secondly, to offer a forward-looking to bias in perceptions of growth and Scotland 8,448 indication of growth by region and by sector. One of the activity in other regions of the country West Midlands 8,299 REGION FOCUS… challenges in using such granular data is the large lags in (see fig. 1.1). Indeed, when thinking about Yorkshire and the Humber 7,532 East of England regional construction activity, the relative East Midlands 7,221 East Midlands size of the London and South East economies, London is again the UK’s largest regional Wales 3,814 London populations and concentration of the economy and construction gross value North East 3,019 services-based industry, it is easy to think that North East the majority of construction work is taking place in added (GVA) in 2016 was £19.47 billion FIG 1.1 North West these regions. Source: ONS Scotland By using ONS regional economic data, it becomes clear that reporting of official output data, as evidenced Construction GVA in 2016 – Top 10 £m Region South East despite its overall dominance, there were only three London by the most recent macroeconomic data Hertfordshire 3,209 East of England South West sub-regions in the top ten largest local authority areas for published by the ONS being for 2016. By West Surrey 1,804 South East using data on contract awards over 2017, Wales Berkshire 1,759 South East this will highlight construction West Midlands In 2016 Hertfordshire yet again recorded work ahead, rather than Westminster 1,605 London Yorkshire & Humber the largest value of construction activity reporting on activity is Harrow and Hillingdon 1,534 London past periods that may not Oxfordshire 1,461 South East CASE STUDY… ★ be relevant. Devon CC 1,460 South West HS2 Hubs construction activity in 2016: Westminster, Harrow Staffordshire CC 1,437 West Midlands and Hillingdon, and Camden and City of London (see Camden and City of London 1,425 London Methodology fig. 1.2). Similarly, three sub-regions in the South East Bath and NE Somerset, N Somerset and 1,416 South West feature in this ranking. Furthermore, it is Hertfordshire, S Gloucestershire About the CPA in the East of England, which is recorded as the FIG 1.2 sub-region with the largest value of construction BROUGHT TO YOU BY Source: ONS CONTINUED
CONTINUED…THE UK CONSTRUCTION INDUSTRY UK Construction Hotspots REPORT 2018 What is a hotspot or a coldspot? region in terms of construction activity (£49 million in 2016), but was the fastest-growing region in terms of contract awards in 2017, pushed up by To navigate just click on buttons Hotspots and coldspots seek to identify regions where contract awards a single residential contract award, in a region with total contract awards below and they will take you directly in 2017 were significantly above or below previous years, highlighting to your chosen section. pockets of activity of contraction in construction activity over the near- ▲ term horizon. Home Orkney Islands recorded the largest growth in Overview As discussed, some regions of the country host more construction contract awards in 2017, with an increase of 1472% activity than others. Camden and the City of London, for example, was Key regional hotspots the ninth largest in terms of construction GVA in 2016. In 2017, it was also Key regional coldspots in the top 30 largest regions in terms of the value of contracts awarded. of just £78 million (see fig. 1.4 & 1.5). Large growth rates or contractions However, this was 40% below the value of contracts awarded in the themselves do not necessarily signify a hotspot or coldspot, which is REGION FOCUS… previous year and below the long-term average, so whilst it is a large a key consideration for regions hosting small volumes of construction East of England source of construction work, it is not a hotspot region experiencing work, where growth rates on annual basis can be volatile. East Midlands growth (see fig. 1.3). The analysis in this publication compares the value of construction London There may also be regions that have recorded strong growth in the value contracts awarded in 2017 with the average value of contract awards over North East of contracts awarded, but account for a small proportion of overall the last four years across the residential, commercial and infrastructure activity. For example, the Orkney Islands was the second-smallest sectors. If 2017 contract values are significantly above the long-term North West Scotland South East The value of contract awards in 2017 – Top 10 £m Annual % change Growth in contract awards in 2017 – Top 10 £m Annual % change South West Birmingham 3,800 93% Orkney Islands 78 1472% Leeds 3,060 374% Leeds 3,060 374% Wales Westminster 2,029 68% Wandsworth 1,191 359% ▼ West Midlands West Northamptonshire 1,808 198% Brighton and Hove 422 303% Yorkshire & Humber Tower Hamlets 1,756 -8% Southend-on-Sea 87 291% Hounslow and Richmond upon Thames 1,755 148% Gwent Valleys 145 253% CASE STUDY… Manchester 1,698 17% Clackmannanshire and Fife 351 244% HS2 Hubs Warwickshire 1,628 118% Essex Haven Gateway 1,093 243% Haringey and Islington 1,288 179% Barnsley, Doncaster and Rotherham 1,029 209% Methodology Wandsworth 1,191 359% West Northamptonshire 1,808 198% About the CPA FIG 1.3 FIG 1.4 Source: Barbour ABI Source: Barbour ABI BROUGHT TO YOU BY CONTINUED
CONTINUED…THE UK CONSTRUCTION INDUSTRY UK Construction Hotspots REPORT 2018 average, then this is considered a hotspot. Conversely, a region is due to a single large project in one sector. Although these may be viewed Falls in contract awards in 2017 – Top 10 £m Annual % change considered cold if 2017 contract values are significantly below the as skewing results, they still represent a significant driver of regional To navigate just click on buttons Isle of Anglesey 34 -93% long-term average. growth and activity alongside a key driver of hotspots throughout the below and they will take you directly Norwich and East Norfolk 293 -89% to your chosen section. country. These tend to be high-value transport or utilities projects in the There are clear hotspots for upcoming construction activity over the Peterborough 34 -87% infrastructure sector where contracts are awarded, but take time to build Home next 6-12 months in Great Britain. There were no broad hotspots in 2017 Inverness & Nairn and Moray, Badenoch & out. The award of contracts for phase 1 of HS2 in 2017 Q3 has produced 343 -83% – where contract awards in each of the three main construction sectors Strathspey Overview clear infrastructure hotspots along the route from London to the West Darlington 29 -82% Midlands (see fig. 1.6). In smaller sub-regions, large offices, retail and Key regional hotspots Powys 62 -81% Despite being top last year, the Isle of Anglesey residential projects can also generate hotspots. Key regional coldspots Wakefield 141 -72% recorded the lowest growth in contract awards in 2017 The Regional Construction Hotspots report also covers coldspots. Flintshire and Wrexham 90 -71% REGION FOCUS… with a decrease of 93% Coldspots also feature across Great Britain and across the three main Kensington & Chelsea and Hammersmith & Fulham 318 -70% construction sectors. In London, however, coldspots are clustered in East of England Walsall 42 -70% the residential sector, across inner and outer boroughs of the capital. East Midlands FIG 1.5 of residential, commercial and infrastructure are significantly above the Residential contract awards in 2017 were significantly lower than in 2016 London long-term average and nine regions with hotspots in two sectors. Where in 18 out of 21 sub-regions of the capital, suggesting that house builders Source: Barbour ABI North East hotspots were restricted to a single construction sector, they were spread are focusing on the build-out of schemes awarded contracts in 2015 and across the regions of Great Britain. Construction hotspots may also show 2016, rather than new project starts. North West Single projects driving hotspots £m Area Scotland Transpennine Rail route upgrade 2,250 Leeds South East Birmingham Spur (HS2) 1,500 Birmingham Hounslow and Richmond South West Chiltern Tunnels (HS2) 1,300 upon Thames The award of contracts Wales North portal of Chiltern Tunnel (HS2) 1,300 West Northamptonshire for phase 1 of HS2 in West Midlands Delta Junction (HS2) 1,300 Birmingham 2017 Q3 has produced Yorkshire & Humber Euston tunnels and approaches (HS2) 900 Haringey and Islington clear infrastructure Long Itchington Wood Tunnel (HS2) 900 Warwickshire CASE STUDY… hotspots along the Rivenhall integrated waste management 679 Essex Haven Gateway HS2 Hubs route from London to facility the West Midlands East Midlands Gateway – rail freight 558 Leicestershire CC interchange and Rutland Methodology Riverside Energy Park, Belvedere 500 Bexley and Greenwich About the CPA FIG 1.6 Source: Barbour ABI BROUGHT TO YOU BY
UK Construction EXECUTIVE SUMMARY… Hotspots Key Regional Hotspots by Sector REPORT 2018 To navigate just click on buttons Hotspots can be driven by a large number of below and they will take you directly East Midlands Scotland South West projects awarded contracts in a region, or by a single to your chosen section. Leicestershire CC and Rutland Infrastructure East Lothian and Midlothian Residential Bath and North East Somerset, North Commercial large project. Manchester is a residential hotspot, Somerset and South Gloucestershire Home Nottingham Commercial Eilean Siar (Western Isles) Infrastructure for example, driven by the award of contracts Bournemouth and Poole Infrastructure West Northamptonshire Infrastructure Inverness & Nairn and Moray, Badenoch Residential Overview for the regeneration of the city centre, and five & Strathspey Commercial City of Bristol Infrastructure contracts ranging in value between £77 million and Key regional hotspots London North Lanarkshire Infrastructure Devon CC Commercial £235 million for developments in Circle Square, Key regional coldspots Bexley and Greenwich Infrastructure Orkney Islands Residential Dorset CC Commercial Portugal Street East, Princess Street and Jacksons Croydon Commercial Perth & Kinross and Stirling Infrastructure Somerset Infrastructure Row. The status of Leeds as an infrastructure REGION FOCUS… Residential Scottish Borders Residential Swindon Commercial hotspot, on the other hand, is driven by the contract Haringey and Islington East of England Infrastructure Shetland Islands Commercial Residential award for the Transpennine rail route upgrade – the Wiltshire Residential South Ayrshire Residential Commercial East Midlands largest contract awarded in 2017 at £2.25 billion. Hounslow and Richmond upon Thames Infrastructure Six contract awards for HS2, at values of around London Wales South East £1 billion each, produced infrastructure hotspots in North East North East Bridgend and Neath Port Talbot Commercial Birmingham, Warwickshire, West Northamptonshire, Brighton and Hove Commercial South Teesside Commercial Central Valleys Infrastructure North West Haringey & Islington and Hounslow & Richmond Central Hampshire Commercial Tyneside Infrastructure Scotland Gwynedd Commercial upon Thames. Half of the sub-regions in the North East Kent Infrastructure West and two-thirds of the sub-regions in the South Mid Kent Commercial Isle of Angelsey Commercial South East North West Residential West were hotspots. Blackburn with Darwen Residential Milton Keynes Commercial Powys South West Commercial A summary of key regional hotspots by sector is Residential South Hampshire Infrastructure Swansea Infrastructure Wales Blackpool Commercial shown here. West Sussex (North East) Infrastructure West Midlands Greater Manchester North East Commercial West Sussex (South West) Commercial West Midlands Yorkshire & Humber East of England Greater Manchester South East Infrastructure Birmingham Infrastructure Commercial Greater Manchester South West Infrastructure Essex Haven Gateway Coventry Infrastructure CASE STUDY… Infrastructure Lancaster and Wyre Commercial Sandwell Infrastructure Essex Thames Gateway Commercial HS2 Hubs Commercial Liverpool Stoke-on-Trent Infrastructure Southend-on-Sea Commercial Infrastructure Warwickshire Infrastructure Methodology Residential Manchester Residential Suffolk Commercial Sefton Infrastructure About the CPA Thurrock Commercial Yorkshire & Humber Warrington Commercial Barnsley, Doncaster and Rotherham Commercial BROUGHT TO YOU BY Bradford Infrastructure Leeds Infrastructure
UK Construction EXECUTIVE SUMMARY… Hotspots Key Regional Coldspots by Sector REPORT 2018 To navigate just click on buttons There were fewer coldspots than hotspots across below and they will take you directly East of England North West South West Great Britain in 2017 and there was only one broad to your chosen section. Breckland and South Norfolk Commercial Chorley and West Lancashire Residential Cornwall and Isles of Scilly Residential coldspot – Walsall – where contract awards in all Home Central Bedfordshire Residential East Lancashire Residential Swindon Residential three residential, commercial and infrastructure Peterborough Residential Lancaster and Wyre Infrastructure Overview sectors were below the long-term average. Most Wales other coldspots were limited to a single construction Liverpool Residential Key regional hotspots East Midlands Residential Wirral Commercial Cardiff and Vale of Glamorgan sector, most notably residential in London, where Commercial Key regional coldspots Leicester Residential over 80% of the capital’s sub-regions recorded a fall Conwy and Denbighshire Residential South and West Derbyshire Infrastructure Scotland REGION FOCUS… in contract values and two-fifths recorded residential Flintshire and Wrexham Residential contracts below the long-term average. There were South Nottinghamshire Commercial E Dunbartonshire, W Dunbartonshire and Helensburgh & Lomond Commercial East of England no coldspots in the North East. West Northamptonshire Residential West Midlands East Ayrshire and North Ayrshire East Midlands Infrastructure A summary of key regional coldspots by sector is mainland Solihull Residential London London shown here. Lochaber, Skye & Lochalsh, Arran & Residential Residential Brent Residential Cumbrae and Argyll & Bute Walsall Commercial North East Infrastructure Residential Orkney Islands Commercial North West Bromley Infrastructure Scottish Borders Infrastructure Yorkshire & Humber Scotland Camden and City of London Residential South Ayrshire Commercial Croydon Residential City of Kingston upon Hull Commercial South East South Lanarkshire Infrastructure Hackney and Newham Residential North and North East Lincolnshire Residential South West West Lothian Commercial Wakefield Residential Lambeth Residential Wales Lewisham and Southwark Residential South East West Midlands Redbridge and Waltham Forest Residential Berkshire Commercial Yorkshire & Humber Westminster Residential Milton Keynes Residential North Hampshire Commercial CASE STUDY… North East HS2 Hubs No major coldspots Methodology About the CPA BROUGHT TO YOU BY
UK Construction FOCUS ON… Hotspots East of England REPORT 2018 To navigate just click on buttons The East of England region accounts for 8.6% of total UK GVA GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly and key sectors of regional economic activity are industrial head 2011-2016 % of GVA rate GVA (2016) Growth (2016) Growth (2017) to your chosen section. production and manufacturing, distribution and transport, public UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home administration and business services. Construction grew 2.4% East of England 24,488 21.1% 8.2% 3.6 12,250 2.4% -28.9% Overview in 2016 and accounted for 8.2% of total East of England GVA in Peterborough 28,544 25.6% 4.1% 6.0 229 -3.0% -87.2% that year. The value of contracts awarded in the region totalled Key regional hotspots Cambridgeshire CC 28,984 22.0% 5.1% 1.7 971 -0.6% -27.6% £5.1 billion in 2017, a decrease of 28.9% from the previous year. Suffolk 23,132 16.0% 7.0% 4.0 1,210 2.5% -10.0% Key regional coldspots There were four hotspots in terms of overall contract awards: Norwich and East Norfolk 22,664 15.8% 6.2% 6.3 516 3.4% -89.4% Bedford, Essex Haven Gateway, Southend-on-Sea and North REGION FOCUS… North and West Norfolk 19,043 18.2% 7.7% 2.0 373 2.8% 94.9% and West Norfolk. West Essex was a coldspot based on overall East of England Breckland and South Norfolk 19,466 20.0% 7.5% 3.5 392 1.3% -68.4% contract awards. Luton 24,563 23.5% 6.6% 6.0 353 0.0% -36.7% East Midlands Hertfordshire 30,564 25.9% 8.9% 3.0 3,209 5.1% -25.4% London Despite having the largest growth in contracts Bedford 23,941 19.9% 6.6% 2.6 266 1.5% 156.7% North East awarded in 2016, in 2017 Norwich and East Norfolk Central Bedfordshire 20,383 23.7% 10.0% 3.3 569 1.8% -32.4% North West had the lowest growth, decreasing by 89.4% Southend-on-Sea 18,111 17.4% 8.0% 4.2 259 1.6% 290.7% Scotland Thurrock 21,076 15.3% 9.9% 4.2 347 7.4% 65.2% South East Essex Haven Gateway 19,424 18.4% 10.4% 4.7 967 -0.7% 243.0% South West West Essex 26,431 26.7% 11.0% 3.4 876 1.6% -28.6% Heart of Essex 25,205 19.6% 11.3% 4.6 895 2.3% -7.3% Wales Essex Thames Gateway 19,196 14.7% 11.9% 2.5 818 1.4% 39.2% West Midlands Source: Barbour ABI, CPA, ONS Yorkshire & Humber CASE STUDY… HS2 Hubs Methodology About the CPA BROUGHT TO YOU BY CONTINUED
FOCUS ON…EAST OF ENGLAND HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £2.0 billion worth of residential contracts were Commercial contract awards totalled £841 million in 2017, Contract awards for infrastructure projects in the East of below and they will take you directly awarded in the East of England in 2017, 1.8% higher 31.6% higher than in 2016. Hotspots for commercial activity England totalled £1.1 billion in 2017, which was 63.9% lower to your chosen section. than the value awarded in 2016. Suffolk registered were Essex Haven Gateway, Essex Thames Gateway, than the value awarded in 2016. Essex Haven Gateway was Home as a hotspot and Peterborough was a coldspot. Southend-on-Sea, Suffolk and Thurrock. Breckland and the sole hotspot, reflecting the award of the £679 million The highest value project in the region South Norfolk was a coldspot. Six of the contract for the Rivenhall integrated waste Overview was the £50 million second phase of top ten largest contract awards were management facility in Braintree. The Key regional hotspots the Meadows student for retail, including two for A13 widening around NORWICH NORWICH NORWICH Key regional coldspots accommodation at the PETERBOROUGH the redevelopment of PETERBOROUGH Stanford-le-Hope PETERBOROUGH University of Essex and Intu Lakeside, totalling (£66 million) and REGION FOCUS… ELY ELY ELY two £45 million projects: £230 million. Office £48.9 million in highway East of England South Oxhey Central buildings at the and infrastructure CAMBRIDGE CAMBRIDGE CAMBRIDGE in Watford and the Cambridge Science works to support the East Midlands Carrow Quarter in Park accounted for development of the London Norwich. two of the top ten former RAF barracks North East ST ALBANS projects. ST ALBANS at Northstowe. ST ALBANS COLCHESTER COLCHESTER COLCHESTER North West Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber University of Essex – Meadows phase 2 - £50m Jun 17 Oct 18 Intu Lakeside redevelopment Retail £180m Sep 17 May 19 Rivenhall integrated waste management facility £679m Aug 17 Aug 21 South Oxhey Central 374 £45m Jul 18 Jul 21 Cambridge Science Park – offices Offices £67.2m Apr 18 - A13 widening, Stanford le Hope £66m Oct 17 Oct 19 CASE STUDY… Carrow Quarter, Norwich - £45m Apr 18 Dec 21 Stane Park, Colchester Retail £65m Jul 18 Jul 21 Northstowe highway and infrastructure works £48.9m Oct 17 Oct 19 Tye Green redevelopment, Braintree - £30m - - Intu Lakeside block A Retail £50m Sep 17 Mar 19 Norwich, Yarmouth and Lowestoft resignalling £29m Aug 17 Apr 19 HS2 Hubs Oak Road, Braintree 292 £29.2m - - John Adams Toys, Huntingdon Retail £19m Mar 17 - Port of Felixstowe, berth 9 expansion £25m Jan 18 Aug 19 Stewartby Park phase 2, Bedford 285 £28.5m Feb 18 - ARM HQ fit-out, Cambridge Offices £19m - - Stewartby Park, phase 2 infrastructure works £15m - - Methodology Greenfields Road, Breckland 285 £28m Apr 17 Apr 20 Queensgate shopping centre extension Retail £18.7m Dec 17 Mar 18 Cambridge Mosque, phase 2 £15m Aug 17 Oct 18 About the CPA Hampton Water, Peterborough 269 £27m - - St John's College, Maurice Wilkes Building Offices £17m Feb 17 Aug 18 Norwich Crown Point depot improvements £15m Nov 17 Jan 19 Holt Road, Broadland 259 £25.3m - - Cambridge Science Park, plots 22 and 25 Offices £16.9m - - Warner Bros Studios parking deck £11.2m Mar 17 Mar 18 St Stephens Tower student accommodation - £25m Aug 17 Aug 19 Primark, Haymarket, Norwich Retail £15m Jan 18 Jul 18 Great Dunmow stage 2 infrastructure £10m May 17 May 19 BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
UK Construction FOCUS ON… Hotspots East Midlands REPORT 2018 To navigate just click on buttons The East Midlands region accounts for 5.8% of total UK GVA. Key GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly sectors of regional economic activity are industrial production head 2011-2016 % of GVA rate GVA (2016) Growth (2016) Growth (2017) to your chosen section. and manufacturing, business services, public administration and UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home distribution and transport. Construction gross value added grew East Midlands 21,502 19.1% 7.1% 4.4 7,221 6.5% 75.0% Overview 6.5% in 2016, faster than the UK overall growth rate. Construction Derby 27,786 18.7% 4.4% 4.3 315 11.3% 180.8% accounted for 7.1% of regional GVA. The value of contracts Key regional hotspots East Derbyshire 18,820 20.3% 7.0% 4.9 372 6.3% 176.5% awarded in the region totalled £6.2 billion in 2017, an increase of South and West Derbyshire 19,727 18.7% 7.6% 1.7 752 12.2% 53.0% Key regional coldspots 75.0% from the previous year. In terms of overall contract awards, Nottingham 27,852 15.1% 4.1% 7.9 374 5.6% 85.9% there were hotspots in East Derbyshire, Leicestershire CC and REGION FOCUS… North Nottinghamshire 18,926 15.9% 9.0% 4.1 794 7.7% 20.2% Rutland and West Northamptonshire. Contract values were lower East of England South Nottinghamshire 17,557 23.3% 7.9% 3.7 475 -3.8% -7.7% than the long-term average in North Northamptonshire. Leicester 21,984 23.2% 4.2% 6.0 321 -1.8% 8.3% East Midlands Leicestershire CC and Rutland 22,920 21.2% 8.0% 3.9 1,328 1.1% 54.3% London West Northamptonshire 25,936 21.2% 8.2% 6.4 847 10.9% 197.9% North East Most of the regions had increased growth in 2017, North Northamptonshire 20,403 17.8% 7.7% 4.0 526 1.9% -13.3% with West Northamptonshire recording the North West Lincolnshire 18,754 16.6% 8.0% 4.4 1,116 14.3% 41.6% highest increase of 197.9% Scotland Source: Barbour ABI, CPA , ONS South East South West Wales West Midlands Yorkshire & Humber CASE STUDY… HS2 Hubs Methodology About the CPA BROUGHT TO YOU BY CONTINUED
FOCUS ON…EAST MIDLANDS HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £1.3 billion worth of Commercial contract Contract awards for below and they will take you directly residential contracts awards totalled infrastructure projects to your chosen section. were awarded in the £314 million in 2017, in the East Midlands LINCOLN LINCOLN LINCOLN Home East Midlands region in 21.9% higher than in region totalled 2017, 13.6% lower than 2016. Nottingham was a £2.7 billion in 2017, which Overview the value awarded in 2016. DERBY NOTTINGHAM hotspot for commercial DERBY NOTTINGHAM was five times higher DERBY NOTTINGHAM Key regional hotspots There were no hotspots activity, whilst South than the value awarded Key regional coldspots during 2017, but Leicester Nottinghamshire was a in 2016. Contracts awarded and West Northamptonshire LEICESTER coldspot. Among the largest LEICESTER in 2017 include the Northern LEICESTER REGION FOCUS… were coldspots. Key projects in contract awards in the region Portal of the Chiltern Tunnel for East of England the region include £45 million for were phase 1 of the Intu Broadmarsh HS2 (£1.3 billion), which made West the first phase of the Canwick Avenue/ shopping centre (£92 million), Northamptonshire a hotspot. The East Midlands Bracebridge Heath development, with work through to early 2020 £558 million East Midlands Gateway rail London building 450 houses in North Kesteven and Four Waterside, an offices freight interchange in Charnwood also North East and the £39.5 million Foxlow Farm development in Northampton, with a produced a hotspot in Leicestershire development in Buxton. contract value of £30 million. CC and Rutland. A £450 million expansion to the Spalding North West gas-fired plant completed the top three projects. Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber Canwick Avenue/Bracebridge Heath 450 £45m - - Intu Broadmarsh, Nottingham Retail £92m Feb 18 Feb 20 North Portal of the Chiltern Tunnel (HS2) £1.3b Dec 18 Dec 23 Foxlow Farm, High Peak 395 £39.5m Apr 18 - Four Waterside, Northampton Offices £30m Jan 17 Jan 19 East Midlands Gateway – rail freight interchange £558m Feb 17 Feb 21 CASE STUDY… Loughborough University student accomm - £35m Aug 17 Sep 19 Brackley redevelopment Offices £18.4m Apr 17 - Spalding energy expansion – 300mw gas turbine £450m Sep 17 - Papplewick Lane, Gedling 300 £30m Sep 17 - Mattioli Woods head office, Leicester Offices £14m - - M1 J24 to J25 smart motorway £80m Mar 17 Dec 18 HS2 Hubs Hackwood Farm, south Derbyshire 290 £29m Oct 17 - Clifton Triangle retail park Retail £6m Aug 17 Aug 18 Rookery South Pit energy from waste facility £60m Oct 17 Apr 20 Mansfield-Ashfield Regeneration 280 £28m - - Lidl store and Wickes warehouse, Wigston Retail £6m Oct 17 Oct 18 Triton Knoll substation £30m Jan 18 Jan 21 Methodology Foxton Place, Harborough 215 £27m Aug 17 Aug 20 Pond End, Castle Donington Offices £5.8m - - A1 Spittlegate separated junction £23m Jan 18 Jun 19 About the CPA Ladybank Road, south Derbyshire 252 £25.2m - - House of Fraser, Leicester Retail £5m Jul 17 Jul 18 Lindhurst redevelopment – phase 1 infrastructure £20m Jan 17 Jan 18 Mansfield Road, Derby 250 £25m Jul 17 - Alltech UK, extension and refurbishment Offices £4.6m Jan 17 Jan 18 Market Harborough station improvements £20m Aug 17 Feb 19 Chellaston phase 2, south Derbyshire 240 £24m Jul 17 - Sports Direct, Brook Park, Bolsover Retail £4.5m Jun 17 Jun 18 Mountsorrel quarry extension £20m Dec 15 Dec 20 BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
UK Construction FOCUS ON… Hotspots London REPORT 2018 To navigate just click on buttons London is the largest regional economy, accounting for 22.7% GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly of total UK GVA and the highest GVA per head. Construction head 2011-2016 % of GVA rate GVA (2016) Growth (2016) Growth (2017) to your chosen section. represents only 4.9% of regional GVA and construction GVA UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home increased 11.8% in 2016, the fastest regional growth rate of London 45,046 25.7% 4.9% 5.3 19,470 11.8% 7.3% Overview the year. Key sectors of economic activity are focused in real Camden and City of London 309,427 32.1% 1.8% 5.9 1,425 14.7% -40.4% estate activities, financial and insurance services, professional, Key regional hotspots Westminster 227,468 30.1% 2.8% 6.0 1,605 9.2% 67.8% scientific and technical activities and business services. The Kensington & Chelsea and Hammersmith & Fulham 66,292 16.5% 2.6% 5.5 588 12.6% -70.3% Key regional coldspots value of contracts awarded in the region totalled £14.1 billion in Wandsworth 34,086 20.7% 4.1% 2.2 445 13.8% 359.0% 2017, 7.3% higher than the previous year. In 2017, overall hotspots REGION FOCUS… Hackney and Newham 24,152 21.6% 8.3% 4.5 1,234 4.0% -27.7% were in Haringey and Islington and Hounslow and Richmond East of England Tower Hamlets 90,386 19.0% 2.4% 9.7 652 14.2% -8.4% upon Thames. There were four coldspots: Lambeth, Hackney Haringey and Islington 46,295 20.6% 4.4% 5.6 1,031 5.0% 178.5% East Midlands and Newham, Redbridge and Waltham Forest, and Kensington & Chelsea and Hammersmith & Fulham. Lewisham and Southwark 32,695 17.3% 5.1% 5.3 1,035 12.0% -61.8% London Lambeth 32,707 22.1% 4.3% 5.0 459 3.1% -38.4% North East Bexley and Greenwich 17,841 18.9% 11.0% 5.4 1,032 9.2% -18.4% North West Wandsworth dominated the region, with the Barking & Dagenham and Havering 20,979 24.4% 11.7% 6.4 1,131 10.8% -13.7% Scotland largest growth in contracts awarded in 2017, Redbridge and Waltham Forest 17,010 22.4% 11.7% 5.5 1,140 13.5% -46.6% increasing by 359% South East Enfield 20,052 19.4% 9.8% 6.5 654 8.8% -58.4% South West Bromley 22,604 19.7% 7.2% 4.6 531 13.0% -26.1% Croydon 19,475 11.9% 7.7% 7.8 571 13.7% 39.0% Wales Merton, Kingston upon Thames and Sutton 24,987 18.8% 7.0% 3.7 1,022 15.6% 13.9% West Midlands Barnet 25,787 27.7% 8.3% 2.9 823 15.3% 14.8% Yorkshire & Humber Brent 26,217 35.5% 11.0% 7.2 950 15.9% 42.8% Ealing 27,417 26.7% 8.5% 4.5 803 15.0% 54.7% CASE STUDY… Harrow and Hillingdon 33,528 31.1% 8.3% 4.4 1,534 16.7% -13.9% HS2 Hubs Hounslow and Richmond upon Thames 41,089 50.9% 4.2% 6.2 805 13.5% 147.5% Methodology Source: Barbour ABI, CPA , ONS About the CPA BROUGHT TO YOU BY CONTINUED
FOCUS ON…LONDON HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £3.6 billion worth of residential contracts were awarded in Commercial contract awards totalled £2.1 billion in 2017, Contract awards for infrastructure projects in London below and they will take you directly London in 2017, 33.9% lower than the value awarded in 2016 38.5% lower than the 2016 value. The only hotspot for totalled £3.3 billion in 2017, double the value recorded in 2016. to your chosen section. and the lowest value in over six years. Nevertheless, there commercial activity was Croydon. The £200 million 1 Park Contract awards for HS2 were the key driver of contracts Home were two hotspots: Haringey and Islington and Hounslow and Place offices tower project in Canary Wharf was the largest growth and hotspots in Haringey and Islington (covering Richmond upon Thames. Key projects in these sub-regions commercial contract for the year, followed by the £188 million Euston station) and Hounslow and Richmond upon Thames Overview were phase one of the housing at the new Brentford FC Ten Bank Street. The third largest project was a £130 million (covering the Chiltern Tunnels). The £500 million Riverside Key regional hotspots stadium (£100 million) and the contract for the fit-out of the new Energy Park in Belvedere produced Key regional coldspots £76.5 million Lampton Road Goldman Sachs HQ. a hotspot in Bexley and redevelopment Greenwich. REGION FOCUS… of the former UPMINSTER UPMINSTER UPMINSTER East of England Hounslow civic UXBRIDGE UXBRIDGE UXBRIDGE centre. WESTMINSTER WESTMINSTER WESTMINSTER East Midlands London KINGSTON BROMLEY KINGSTON BROMLEY KINGSTON BROMLEY North East UPON THAMES UPON THAMES UPON THAMES CROYDON CROYDON CROYDON North West Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber North Quay, Poplar 1,243 £800m - - 1 Park Place, Canary Wharf Off ic es £200m Jul 17 - Chiltern Tunnels (HS2) £1.3b Dec 18 Dec 23 Old War Off ice Building, Whitehall - £300m Oct 17 Oct 20 Ten Bank Street, Canary Wharf Off ic es £188m - - Euston Tunnels and Approaches (HS2) £900m Dec 18 Dec 23 CASE STUDY… Wembley Park, Plot E05 - £155m Jan 18 Jan 21 Goldman Sachs fit-out, Clerkenwell Off ic es £130m Oct 17 - Riverside Energy Park, Belvedere £500m Jan 21 Jan 24 225 Marsh Wall redevelopment - £150m Jul 17 Jul 21 100 Liverpool Street refurbishment Off ic es £120m - - Jubilee Line escalators £76.3m Nov 17 Apr 25 HS2 Hubs Lionel Road, Kew Bridge phase 1 648 £100m Feb 18 Feb 21 60 London Wall Off ic es £100m Jul 17 Jul 19 Hampstead Road bridge replacement £50m - - Stephenson Street phase 1 1,020 £85m Feb 18 Feb 23 One Crown Place, Hackney Off ic es £80m Mar 17 Jul 20 Hobhouse Court art gallery £31m Aug 17 Aug 19 Methodology Wardian London, Canary Wharf 683 £80m Aug 16 Aug 20 207 Old Street – The Tower Off ic es £73m Oct 17 Jun 18 Big Ben refurbishment £29m Jan 17 Jan 21 About the CPA Lampton Road, Hounslow 762 £76.5m Aug 17 - Westminster City Hall refurbishment Off ic es £50m Aug 17 Aug 19 Royal College of Music, courtyard development £25m Apr 17 May 19 Wandle Terrace, Haslemere Estate - £70m Dec 17 Dec 19 114-150 Hackney Road Off ic es £30m Jan 18 Jan 20 Willesden Junction station – platform extension £22m - - High Lane estate renegeration, Ealing - £65m Jan 19 Jan 25 IKEA Greenwich Retail £30m Oct 17 Apr 19 Meridian Water site remediation £15m Mar 17 Mar 18 BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
UK Construction FOCUS ON… Hotspots North East REPORT 2018 To navigate just click on buttons The North East region accounts for 3.0% of UK GVA and had the GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly highest regional unemployment rate in 2017 (6.2%). Key sectors head 2011-2016 % of GVA rate GVA (2016) Growth (2016) Growth (2017) to your chosen section. of regional economic activity are industrial production and UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home manufacturing, distribution and transport, and public sector North East 19,542 14.8% 5.9% 6.2 3,019 -1.8% -19.5% Overview administration. Construction accounted for 5.9% of regional Hartlepool and Stockton-on-Tees 19,452 12.9% 7.7% 6.8 434 0.7% -63.9% gross value added in 2016, and construction GVA fell 1.8%, the Key regional hotspots South Teesside 17,065 6.4% 5.7% 7.0 266 6.4% -32.9% only region to record a decrease in construction in the year. Darlington 24,082 9.2% 3.9% 6.1 98 -4.9% -81.8% Key regional coldspots The value of contracts awarded totalled £2.3 billion in 2017, a Durham CC 16,513 18.2% 6.7% 6.3 574 2.9% 12.9% REGION FOCUS… decrease of 19.5% from the previous year. In terms of overall Northumberland 16,604 16.5% 6.0% 4.5 314 -4.8% -7.5% contract awards, hotspots were Tyneside and Durham, whilst East of England Tyneside 22,277 14.3% 5.4% 6.4 1,024 -5.4% 56.2% Sunderland was a coldspot. Sunderland 21,021 21.6% 5.3% 6.3 309 -3.7% -43.9% East Midlands London Source: Barbour ABI, CPA , ONS North East Despite having the largest growth in contracts awarded in 2016, in 2017 Hartlepool and North West Stockton-in-Tees had one of the lowest growths, Scotland decreasing by 63.9% South East South West Wales West Midlands Yorkshire & Humber CASE STUDY… HS2 Hubs Methodology About the CPA BROUGHT TO YOU BY CONTINUED
FOCUS ON…NORTH EAST HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £1.1 billion worth of residential Commercial contract awards Contract awards for infrastructure below and they will take you directly contracts were awarded in the totalled £93 million in 2017, a projects in the North East totalled to your chosen section. North East in 2017, an increase decrease of 49.4% compared to £533 million in 2017, a decrease of Home of 17.7% from 2016. This 2016. South Teesside was a 60.9% from 2016. Tyneside represents a rebound from hotspot in 2017, reflecting the was the sole infrastructure Overview a weak year for contract award of contracts for the hotspot, due to the Key regional hotspots awards in 2016 and a return £10 million Cleveland Gate £300 million Blyth Offshore NEWCASTLE NEWCASTLE NEWCASTLE Key regional coldspots to contract values in line retail park. Wind Demonstrator project. SUNDERLAND SUNDERLAND SUNDERLAND with the long-term average. There was no region where REGION FOCUS… The value of commercial Therefore, there were no contract awards were DURHAM contract awards in the DURHAM DURHAM East of England hotspots or coldspots in 2017. The significantly below the long-term sub-regions of Durham, largest contracts were for Mount average. The second-largest project East Midlands Hartlepool and Stockton-on-Tees, Leven Retirement village in Stockton- awarded was in the energy sub-sector: London Sunderland and Tyneside was below on-Tees (£50 million) and 27 Rutherford the High Middlefield gas-fired energy long-term averages. North East Street in Newcastle-upon-Tyne (£40.5 billion). reserve facility in Stockton-on-Tees (£50 million). North West Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber Mount Leven Retirement Village - £50m Apr 17 Apr 22 Cleveland Gate retail park Retail £10m Jan 17 Jan 18 Blyth Offshore windfarm demonstrator £300m Jan 17 Oct 17 27 Rutherford Street, Newcastle-upon-Tyne 162 £40.5m Nov 17 Nov 19 PII Pipeline Solutions HQ, Northumberland Offices £7m Aug 17 Oct 18 High Middlefield Farm gas-fired energy reserve facility £50m Mar 17 - CASE STUDY… East Benton Farm phase 2, North Tyneside 360 £36m Dec 17 Dec 22 Tombola Campus, Sunderland Offices £6m Mar 17 Sep 18 South Shields 365 transport interchange £20m Apr 18 Oct 19 Langley Park, Durham 353 £35.3m Jan 18 Jan 28 Pheasant Fields Lane, Skelton Retail £5.7m - - Hemlington Grange, Cleveland Police HQ £12m - - HS2 Hubs Whickham Highway, Gateshead 352 £35.2m Sep 17 Sep 23 Northumberland Park, phase 1 Retail £4m Jan 18 Jul 18 Hemlington Community Safety Hub £12m Feb 17 Jun 18 18-29 Claypath student accommodation - £30m Jul 17 Jan 19 Western Approach Trade Park Retail £3.5m - - Auckland Castle redevelopment £12m Jun 17 Nov 18 Methodology Wynyard Village extension, Stockton-on-Tees 280 £28m Apr 18 Apr 20 Highways England offices, Northumberland Offices £3.5m May 17 Dec 17 Whittle Dean water treatment works £11.1m - - About the CPA Lambton Lane, Bournmoor 271 £27.1m - - Thinford Roundabout, starter Retail £3.3m - - Greatham Creek flood defence project £11m Jul 17 Dec 18 North Seaton, Ashington 240 £24m - - M&S Food Hall, Darlington Retail £3m - - Greatham South flood alleviation scheme £11m Apr 17 Apr 20 Arcot phase 1A, Northumberland 238 £23.8m Jul 17 Jul 23 Aldi store, Thornaby Retail £2.5m - - University Hospital of North Tees energy centre £8m Apr 17 Apr 18 BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
UK Construction FOCUS ON… Hotspots North West REPORT 2018 To navigate just click on buttons The North West region accounts for 9.5% of UK GVA and includes GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly two major cities: Manchester and Liverpool. Key sectors of head 2011-2016 % of GVA rate GVA (2016) Growth (2016) Growth (2017) to your chosen section. regional economic activity are industrial production and UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home manufacturing, distribution and transport, and public sector North West 22,899 18.7% 5.7% 4.4 9,383 1.0% 5.4% Overview administration. Construction accounted for 5.7% of regional West Cumbria 23,981 23.3% 6.7% 4.1 378 3.3% -61.0% GVA in 2016 and construction GVA grew 1.0%, slower than the Key regional hotspots East Cumbria 24,821 23.3% 5.7% 2.5 373 -7.2% -48.4% UK overall in that year. The value of contracts awarded totalled Manchester 33,063 28.1% 2.7% 6.2 488 10.9% 17.1% Key regional coldspots £8.0 billion in 2017, an increase of 5.4% from the previous year. Greater Manchester South West 29,338 19.7% 5.7% 4.3 815 10.7% 101.0% In terms of overall contract awards, hotspots were Blackpool, REGION FOCUS… Greater Manchester South East 18,936 3.3% 5.4% 4.5 521 -9.2% 35.3% Greater Manchester South West, Sefton and Warrington. East East of England Greater Manchester North West 16,311 18.2% 8.5% 4.0 839 1.6% 20.9% Merseyside and Greater Manchester North West were coldspots. Greater Manchester North East 17,483 21.2% 6.7% 5.4 746 3.0% -0.1% East Midlands Blackburn with Darwen 20,340 24.1% 4.0% 6.1 121 2.5% 0.1% London Cheshire West and Chester had the largest Blackpool 17,022 11.0% 4.2% 6.7 100 -9.1% 84.4% North East Lancaster and Wyre 16,512 13.4% 6.7% 3.3 280 -3.1% 10.2% growth in contracts awarded in 2017, North West Mid Lancashire 29,588 29.2% 8.5% 3.3 977 -4.3% -23.5% increasing by 144.8% Scotland East Lancashire 18,628 17.8% 5.4% 4.3 329 -7.3% 0.7% South East Chorley and West Lancashire 18,984 15.1% 6.2% 4.0 268 -2.9% -17.4% South West Warrington 31,437 17.8% 6.6% 3.3 434 -2.9% 58.2% Cheshire East 33,279 30.1% 5.0% 1.2 631 7.9% 3.4% Wales Cheshire West and Chester 27,900 16.9% 4.2% 5.8 396 4.5% 144.8% West Midlands East Merseyside 22,304 16.0% 6.2% 4.1 627 1.0% -7.8% Yorkshire & Humber Liverpool 23,029 9.7% 4.6% 5.8 508 5.4% -2.7% Sefton 15,512 5.6% 6.1% 4.9 260 6.1% 46.7% CASE STUDY… Wirral 15,051 9.7% 6.0% 4.7 290 0.3% 30.7% HS2 Hubs Source: Barbour ABI, CPA , ONS Methodology About the CPA BROUGHT TO YOU BY CONTINUED
FOCUS ON…NORTH WEST HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £3.8 billion worth of residential Commercial contract awards totalled Contract awards for infrastructure below and they will take you directly CARLISLE CARLISLE CARLISLE contracts were awarded in the £684 million in 2017, 5.1% higher than projects in the North West totalled to your chosen section. North West in 2017, an increase of in 2016. There were five key hotspots: £1.7 billion in 2017. This is 26.9% Home 39.7% from 2016. Hotspots were in Blackpool, Greater Manchester lower than in 2016. Activity hotspots Blackburn with Darwen, Blackpool North East, Lancaster and Wyre, in 2017 were driven by a broad range Overview and Manchester. Half of the region’s Liverpool and Warrington. This reflects of rail, energy, utilities and airport Key regional hotspots top ten largest projects were in the awards of contracts for Rochdale projects, including £350 million for the Key regional coldspots Manchester city centre, including two LANCASTER Riverside (£70 million) and two projects at LANCASTER Trafford Park tram line, £300 million for LANCASTER phases at Circle Square, the former BBC the Warrington Bridge Street redevelopment: the Thirlmere to West Cumbria water mains REGION FOCUS… site, at £235 million and £135 million. Four PRESTON a £69 million retail-led scheme and £19 million PRESTON link and £300 million for the 60mw Lostock PRESTON East of England projects totalling £273 million were awarded council offices. In contrast, the value of energy from waste facility in Northwich. There in Salford. The majority of projects are set to commercial contract awards in Wirral was were three hotspots (Greater Manchester East Midlands SALFORD SALFORD SALFORD complete in 2019. LIVERPOOL MANCHESTER below its long-term average. LIVERPOOL MANCHESTER South East, Greater Manchester South West LIVERPOOL MANCHESTER London and Sefton) and one coldspot (Lancaster North East CHESTER CHESTER and Wyre). CHESTER North West Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber Sir Henry Royce Institute, Circle Square 266 £235m Oct 17 Oct 19 Rochdale Riverside Retail £70m Nov 17 Aug 19 Metrolink, Trafford Park £350m Nov 17 Nov 21 Portugal Street East Phase 1, Manchester 340 £150m Jan 18 Jan 21 Warrington Bridge Street redevelopment Retail £69m Oct 17 Oct 18 Thirlmere to West Cumbria water mains link £300m - - CASE STUDY… Circle Square, Blocks 5 & 6, Manchester 411 £135m Sep 17 Sep 19 Mercedes Benz dealership, Stockport Retail £60m Jan 18 - Lostock energy from waste facility £300m Oct 18 Oct 21 Chapel Wharf, Salford 995 £100m Jan 17 Jul 19 Dickenson House, Manchester Off ic es £50m Apr 17 Oct 18 Ince Resource Recovery Park £130m - - HS2 Hubs Princess Street/Whitworth Street - £80m Aug 17 Aug 19 Paddington Square, Liverpool Off ic es £40m Sep 17 Sep 20 Manchester Airport T2 Transformation – taxiways £38m Oct 17 Jan 19 Jacksons Row, Manchester - £77.1m - - Bridge Street Quarter, council HQ Off ic es £19m - - Weaver to Wavertress re-signalling £35m Jan 17 May 19 Methodology Trinity, Salford 380 £60m Jul 17 - Edge Lane retail park, Liverpool Retail £16.5m - - Halton Curve – Chester to Liverpool rail line £25m Jun 17 Sep 18 About the CPA Gore Street, Salford 221 £60m Jan 18 Apr 19 Westbrook and Delta Crescent, Warrington Retail £13.5m - - Merseyside Police – patrol facility £21.7m - - Furness Quay, Salford 707 £53m Jul 17 Jul 20 Electra House, Cheshire Off ic es £12.3m Aug 17 Aug 18 Jodrell bank Observatory – SKA HQ Building £20.4m Dec 16 Dec 17 Carleton Heights, Eden, Cumbria 505 £50m Feb 17 Feb 24 New Mersey retail park Retail £12m Jan 17 Jul 18 Cheshire East BC – organic waste treatment centre £20m - - BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
UK Construction FOCUS ON… Hotspots Scotland REPORT 2018 To navigate just click on buttons Scotland accounts for 7.7% of total UK GVA. Key sectors of GVA per GVA growth Construction Unemployment Construction Construction Contracts Awards below and they will take you directly economic activity in the region are industrial production head 2011-2016 % of GVA rate GVA (2015) Growth (2016) Growth (2017) to your chosen section. and manufacturing, distribution and transport and public UK Average 26,584 19.8% 6.2% 4.4 108,124 6.0% 4.3% Home administration. Construction accounted for 6.3% of regional Scotland 24,876 17.7% 6.3% 4.1 8,448 4.8% -41.7% Overview gross value added in 2016 and increased 4.8% in that year, below Angus and Dundee City 21,388 16.0% 5.1% 4.5 286 -0.3% 42.8% the overall UK rate of growth. The value of contracts awarded Key regional hotspots Clackmannanshire and Fife 19,638 23.3% 7.0% 3.8 581 6.8% 244.1% in the region totalled £4.9 billion in 2017, a decrease of 41.7% East Lothian and Midlothian 16,722 25.1% 9.7% 3.3 311 -3.7% -25.4% Key regional coldspots from the previous year. In terms of overall contract awards, Scottish Borders 18,099 12.3% 6.9% 4.2 143 -1.4% -64.8% hotspots were in North Lanarkshire and the Orkney Islands. REGION FOCUS… Edinburgh, City of 38,396 17.8% 2.9% 2.6 569 8.0% -20.2% Coldspots were the Western Isles and East Ayrshire and North East of England Falkirk 20,136 19.2% 8.9% 5 284 9.2% -44.0% Ayrshire mainland. Perth & Kinross and Stirling 24,920 24.9% 6.1% 3.3 369 -2.1% -53.9% East Midlands West Lothian 20,927 4.7% 8.6% 3.3 325 -12.4% -11.5% London The Orkney Islands dominated growth in E Dunbartonshire, W Dunbartonshire and Helensburgh 16,749 13.4% 5.7% 4.1 212 8.7% -45.9% North East & Lomond contracts awarded in 2017, increasing by 1472.3% North West Dumfries & Galloway 19,826 19.7% 5.6% 2.1 167 4.4% -41.9% E Ayrshire and N Ayrshire mainland 15,627 13.8% 7.8% 7.6 307 3.7% -64.8% Scotland Glasgow City 33,660 19.8% 5.2% 5.6 1,077 2.1% -17.9% South East Inverclyde, E Renfrewshire and Renfrewshire 20,175 21.4% 6.8% 4.2 479 12.7% -55.6% South West North Lanarkshire 19,605 20.5% 10.0% 4.9 665 4.9% 113.4% Wales South Ayrshire 23,948 22.4% 5.3% 4.4 144 19.0% 11.9% West Midlands South Lanarkshire 19,991 19.2% 10.2% 3.7 649 13.9% 93.0% Yorkshire & Humber Aberdeen City and Aberdeenshire 35,786 11.4% 5.7% 3.5 1,008 7.3% -69.8% Caithness & Sutherland and Ross & Cromarty 20,426 21.7% 10.4% 3.7 200 6.4% na CASE STUDY… Inverness & Nairn and Moray, Badenoch & Strathspey 24,950 16.6% 6.7% 4.9 343 4.9% -83.2% HS2 Hubs Lochaber, Skye & Lochalsh, Arran & Cumbrae and 23,335 19.0% 6.6% 1.9 154 4.8% -58.5% Argyll & Bute Eilean Siar (Western Isles) 17,664 8.4% 7.4% 2.9 35 -2.8% -54.6% Methodology Orkney Islands 21,528 18.4% 10.4% na 49 8.9% 1472.3% About the CPA Shetland Islands 29,317 19.5% 12.9% na 88 -3.3% -25.7% Source: Barbour ABI, CPA , ONS BROUGHT TO YOU BY CONTINUED
FOCUS ON…SCOTLAND HEAT SCALE -5 -4 -3 -2 -1 0 1 2 3 4 5 UK Construction Hotspots REPORT 2018 Residential Commercial Infrastructure To navigate just click on buttons £2.0 billion worth of residential contracts were Commercial contract awards totalled Contract awards for infrastructure projects in Scotland below and they will take you directly awarded in Scotland in 2017, 29.9% higher than £244 million in 2017, 41.9% below the value totalled £1.0 billion in 2017, which was 73.4% below to your chosen section. the value awarded in 2016. East Lothian and recorded in 2016. Hotspots for commercial the value awarded in 2016. Hotspots were recorded in Home Midlothian, Inverness & Nairn and Moray, activity were in Inverness & Nairn and the Western Isles, North Lanarkshire and Badenoch & Strathspey, Moray, Badenoch & Strathspey Perth and Kinross and Stirling Overview Orkney Islands, South and the Shetland Islands. and coldspots in South Key regional hotspots Ayrshire and the Scottish The two largest contracts Lanarkshire, the Scottish Key regional coldspots Borders were hotspots, INVERNESS were for offices space in INVERNESS Borders and East Ayrshire INVERNESS whilst Lochaber, Skye ABERDEEN Glasgow: £50 million for ABERDEEN and North Ayrshire ABERDEEN REGION FOCUS… & Lochalsh, Arran & Bothwell Exchange and mainland. The largest East of England Cumbrae and Argyll £13.5 million for the contract award was DUNDEE DUNDEE DUNDEE & Bute was a coldspot. PERTH STIRLING fit-out of 1 Atlantic Quay. PERTH STIRLING the £130 million Kype Muir PERTH STIRLING East Midlands Three of the top five largest EDINBURGH Coldspots were registered in EDINBURGH wind farm and the £120 million EDINBURGH London GLASGOW GLASGOW GLASGOW contract awards were in South Ayrshire, Orkney Islands converter station for the North East Edinburgh. The largest contract and East Dunbartonshire, West Abb Caithness Moray subsea was for a £51 million development Dunbartonshire and Helensburgh cabling project. North West in Midlothian. & Lomond. Scotland South East South West TOP Residential Contracts TOP Commercial Contracts TOP Infrastructure Contracts 10 The top 10 residential contracts by value of project. 10 The top 10 commercial contracts by value of project. 10 The top 10 infrastructure contracts by value of project. Wales West Midlands Project Units Value Start Finish Project Type Value Start Finish Project Value Start Finish Yorkshire & Humber Newton Farm and Wellington Farm 506 £51m Jun 19 Jun 26 Bothwell Exchange, Glasgow Offices £50m May 17 Nov 18 Kype Muir Wind Farm £130m Jan 17 Dec 17 Baileyfield South, Portobello 483 £48.3m Nov 17 Nov 22 1 Atlantic Quay, Glasgow – fit-out Offices £13.5m - - Abb Moray converter station £120m Jan 17 Aug 18 CASE STUDY… Waterfront Plaza, Edinburgh 425 £45.5m Jul 17 Jul 20 Eastgate Shopping Centre, Highland Retail £13m Oct 17 Apr 19 Dalmarnock waste water treatment works £55m - - South Scotstoun, Edinburgh 339 £45m Jan 18 Jan 25 Aviemore Retail Park Retail £10m May 17 Jan 18 Shotts Electrification (Holytown to Midcalder) £49m Jan 17 Jan 20 HS2 Hubs Ness Side, Highland 446 £41.3m - - Lerwick Fish Market Retail £10m Oct 17 Oct 18 Sound of Islay Stream Project £40m Aug 17 Jan 19 Former Scottish Power HQ, Glasgow 128 £40m Mar 18 Mar 19 Brechin Road, Montrose Retail £8.2m - - A737 Dalry Bypass £38m Jul 17 Jan 19 Methodology Portstown phases 1 & 2, Aberdeen 363 £36.3m Dec 16 Dec 19 NFU Mutual office refurbishment, Glasgow Offices £8m Jan 17 Jan 18 Tealing Solar Farm £31m Sep 18 Mar 20 About the CPA Pitskelly Farm phases 1 & 2, Angus 250 £35m Aug 17 Aug 22 West George Street office refurbishment Offices £7m Feb 17 Feb 18 Knocknagael to Tomatin overhead line £30m Dec 17 Dec 19 Ellismuir Farm Road, Glasgow 374 £35m Jul 18 Jul 23 4 North St Andrew Street extension Offices £6m Jun 17 Aug 18 Wathegar 2 Wind Farm £27m Dec 17 - Summerhill, Aberdeen 369 £35m Oct 17 Oct 21 JP Morgan office refurbishment, Edinburgh Offices £5.2m Oct 17 Apr 18 Edinburgh Waverly platform modifications £23m - - BROUGHT TO YOU BY Source: Barbour ABI, CPA Source: Barbour ABI, CPA Source: Barbour ABI, CPA
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