Projects by Region

The majority of the contracts awarded in March by value were in the East Midlands which accounted for 20% of the UK total (see fig 2.4). The largest project in the region awarded in March was the East Midland's Gateway, a rail freight interchange valued at £558 million. In addition, the contract to construct a 300 MW gas turbine in Spalding, Lincolnshire was a large contributor to the regions share. This contract was valued at £450 million and was awarded by Siemens.

The South East had the second highest portion of contract activity by value in March accounting for 15% of the value awarded. The highest value contract awarded in March was the residential development in Lily's Walk High Wycombe valued at £75 million. This scheme will construct 239 residential units at a value of £100 million and was awarded to Inland Homes plc. Another large contract awarded in March in the South East was the Worton Grange development, a mixed use commercial project, near Reading. It set to provide a mix of commercial retail and office units as well as a 120 bed hotel and had been awarded to Kier.

Types of Project

Residential had the highest proportion of contracts awarded by value in March with 32% of the total value of projects awarded. (See fig. 2.6) Projects such as the Lampton Road development in Hounslow is set to deliver 76 houses at a value of £76.5 million. The Lily's Walk development in Wycombe valued at £75 million was another large project awarded in March. There was also a high value contract awarded for a care residential development called Mount Leven Retirement Village in Yarm, Cleveland. This is set to deliver 332 retirement dwellings at a construction value of £50 million.

After the residential sector the next largest in March was infrastructure which accounted 30% of contract value. The two infrastructure contracts in the East Midlands are two of the largest contributors to the sectors share of activity in March. Another example of a major infrastructure contract awarded in March includes the Kype Muir wind farm development in Strathaven valued at £130.3 million, to erect 26 turbines.

A strong start to 2017 for Construction Contracts...

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