The value of construction contracts awarded in July 2020 was £6.3 billion, up from a value of £3.1 billion in June. In May, the value was down to £1.6 billion across the construction sector.
According to industry analysts Barbour ABI’s latest Economic & Construction Market Review, the number of awards increased in July to 860, an increase of 80.3 per cent since June.
Barbour ABI said the residential and infrastructure sectors accounted for over 50 per cent share of total contract awards, and that every sector had at least 33 per cent growth in July when compared to June. Some sectors reported a 98 per cent growth.
Key figures arising from the report also include:
- Residential sector contract awards increased by 65.9 per cent compared to June.
- The infrastructure sector climbed 75.4 per cent in July, compared to June.
- Education contract awards increased by 43.5% per cent on June.
- London accounted for 18.5 per cent of awards, the most in July. The second largest region was Scotland with an attributable share of 17.1 per cent and the South East with a 12.8 per cent share of awards in third.
At ethical partnership we offer a comprehensive range of planning, ecology and architectural services to both public and private sector clients to enable them to design developments and other schemes that are sensitive to the needs of wildlife, landscape and habitats. We help our clients protect and conserve local and global environmental resources, have been successful in securing standard and bespoke environmental permits and have an excellent working relationship with the Environment Agency and the Scottish Environmental Protection Agency.
We welcome the latest figures regarding the construction sector and hope to see the industry recovering swiftly in the right direction. You can also visit our portfolio to find out more about specific projects we have worked on.
Contact us for more information and find us on LinkedIn to keep up-to-date with developments in the planning industry.
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