Development of a second office building at Friargate in Coventry is set to take a major step forward this week with contractors beginning work on site. Following a comprehensive tender process Bowmer and Kirkland has been appointed by the Friargate Joint Venture to deliver Two Friargate and work started this week. Two Friargate will be […]
Construction companies who have teams of self-employed workers from the EU are in danger of losing these workers from the end of June 2021, say leading tax and advisory firm Blick Rothenberg. Heather Powell, head of property & construction at the firm said: “ Whilst it is possible for employers to sponsor self-employed workers for […]
Galliford Try Construction took this month’s top spot in the contractor league tables after being appointed the contractor for eight major projects totalling just under £343m. Projects include the Perceval House redevelopment in London and a replacement railway station for Perry Barr. New entrant, Bouygues Group occupy second position this month with two awards totalling […]
Q3 2020: RICS UK Construction and Infrastructure Survey Construction workloads fall but at a reduced rate compared to the previous quarter; Infrastructure and private housing seen as leading the sector over the next year Construction workloads have fallen for another quarter as the sector grapples with the economic effects of the COVID-19 pandemic, but growth […]
Office and retail property in the UK continue to struggle with further drops in demand, but industrial property is already showing solid signs of recovery, according to the Q3 2020 RICS UK Commercial Property Survey. The decline in occupier demand continued in Q3, as a net balance of -33% of respondents reported a fall in […]
With lockdown restrictions continuing to hit the region’s high streets, there was brighter news for West Bromwich as work got underway on a major town centre regeneration scheme. Towns across the West Midlands, many of which were already struggling from changing shopping habits before the pandemic, have seen footfall drop by more than 30% compared […]
The total value of construction contract awards in September 2020 was £5.4bn based on a three-month rolling average. This is 21.2% higher than for August and is also 13.8% higher than September 2019. Quarterly analysis indicates that total construction contract awards were valued at £13.5bn in Q3 2020. This is 47.1% higher than Q2 but […]
Business investment in the construction industry collapsed by 36% annually as the coronavirus pandemic ravaged the economy, analysis of latest official data by specialist tax relief consultancy Catax shows. Total business investment in the sector fell to £1.8bn in the second quarter of 2020, down from £2.8bn in Q2 2019, latest ONS figures released yesterday […]
West Midlands businesses need to seize the opportunities, jobs and investment offered by HS2 if the region is to bounce back stronger from the Covid-19 pandemic. That was the rallying cry from West Midlands Mayor Andy Street as he hosted the UK’s first and only HS2 supply chain summit. An online audience of hundreds, representing […]
Paragon Bank is enabling three Leicestershire-based sisters to follow in the footsteps of their father by providing funding to establish their plant hire business, FinniGroup Ltd. Paragon has built a long-standing relationship with Paul Finnegan, owner of Leicester-based plant hire firm, Joinpoint Ltd. After years of supporting Paul to finance dump trucks, Paragon has now […]
