The total value of construction contract awards in November 2020 was £4.9bn based on a three-month rolling average. This is a marginal (0.2%) increase on October but is 9.1% lower than for November 2019. Contract award numbers decreased by 17.9% this month to 715 compared with 871 in October. Annual comparisons show a 16.4% decrease […]
New research from Aldermore bank reveals that the main reason for the lack of Brexit preparations by UK small and medium-sized enterprises (SMEs) in the construction sector was because of their continued focus on managing the impact of the Covid-19 pandemic. Andrew Dixon, commercial director for specialist finance at Aldermore said: “Whilst the delay in preparing […]
The government’s housing accelerator Homes England is simplifying how it engages with developers and housebuilders to bring public land to market. It’s announced a new purchasing system where housebuilders can apply at any time when land comes on stream. Under the old scheme, developers had to join a panel which was renewed every four years. […]
Enterpryze, a cloud based invoicing, accounting and ERP platform, launches Invoice & Pay solution for Small and Medium Enterprises (SMEs) in Singapore during the Singapore FinTech Festival 2020. Introducing Enterpryze Invoice & Pay Designed for small business owners looking for a simple, easy-to-use invoicing solution, Enterpryze’s Invoice & Pay allows them to collect payments faster […]
UK Builders are being advised to liaise with their supply chain much earlier than normal as the end of the transition period for leaving the EU looms. Trade body Build UK has estimated that in the case of a ‘no deal’ Brexit duty and other costs could increase from two to eight per cent. Build […]
The Construction Leadership Council has set up a group that will focus on the fallout of Brexit on the construction industry. The establishment of the working group is a reflection of the worries that some leaders in the industry have that leaving the EU will negatively affect the sector, already rocked by COVID-19. The working […]
Britain’s large manufacturers are struggling to boost their productivity despite improving the measure being seen as key to the UK’s economic recovery from Covid-19, according to a new Lloyds Bank survey. Seven out of ten (70%) manufacturers surveyed say it’s a challenge to become more productive. Eight in ten (81%) admit their businesses suffer from […]
Developer Southern Grove has secured planning permission to create a series of highly desirable mews houses in a popular residential area of north London. The scheme, Granville Mews in leafy Finchley, has a GDV of £5.5m and is a prime example of how developers can take advantage of key infill sites to provide much-needed family […]
The total value of construction contract awards in October 2020 was £4.9 billion based on a three-month rolling average. This is a decrease of 9.4% on September and follows three consecutive months of good growth. Annual comparisons show it as 1.1% lower than for October 2019. In the three months to October 2020, total contract […]
Major work to lay the ground for building 6,500 new homes and 1.2 sq ft of commercial development in York city centre is to start early next year. Councillors voted in favour of the first phase, backed by £77m of government funding, on 45 ha of land next to the city’s station. The site is […]
