£1.3 billion investment to deliver homes, infrastructure, and jobs announced

Ministry of Housing, Communities & Local Government has revealed a £1.3 billion investment to deliver homes, infrastructure, and jobs.

A press release published on the government website states, “that Funds to deliver up to 45,000 homes, create up to 85,000 jobs and upgrade skills and infrastructure to help fuel a green economic recovery announced.”

Upgrades to local infrastructure and skills boost

The investment, which has been confirmed by Housing Secretary Robert Jenrick, will play a part in the government’s plan to deliver upgrades to local infrastructure and boost skills to help fuel a green economic recovery.

Highlights from the official announcement include:

  • Over 300 shovel-ready projects in England to share £900 million investment from the Getting Building Fund to build homes and infrastructure, and create jobs
  • £360 million investment confirmed to deliver 26,000 new homes on brownfield land
  • Strict accreditation rules for tradespeople involved in the £2 billion Green Homes Grant scheme to ensure homes are of the highest quality

What is the Getting Building Fund?

The Getting Building Fund was announced by Prime Minister Boris Johnson in June and is investing in shovel-ready infrastructure projects to create jobs and support economic recovery across the country.

Projects funded include:

  • regeneration of town and city centres
  • green infrastructure and clean energy
  • transport and digital connectivity improvements
  • unlocking of housing and business sites
  • support for SMEs and learners

The government has confirmed that:

“The successful projects (over 300) are expected to deliver up to 85,000 jobs, over 1,500,000 sqm of commercial floor space, unlocking 45,000 homes, almost 1,000,000 sqm of public realm or green space improved or created, over 50,000 new learners assisted, and 65 million kgs of CO2 emissions saved.”

The public sector marketplace is open for business

Despite the challenges of COVID-19, construction and infrastructure projects are moving full steam ahead.

Tracker is investing heavily to ensure that the latest opportunities are not only delivered straight to your inbox but that our customers are equipped with the very latest in market intelligence. This enables our users to maintain and grow their pipeline in a market where opportunities are huge.

New to Tracker? Learn about how business intelligence can support your efforts to win more tenders with the public sector during a free live demo with a member of our expert procurement team.

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Build, Build, Build: utilities boost

Recent figures from the National Infrastructure and Construction Pipeline point to utilities as the third largest sector by investment within the infrastructure sector.

Nothing can be built without first providing the basic utilities of waste, water, energy and so forth and with the UK currently in the midst of a housing drive to address the shortfall in homes, utilities are now firmly at the forefront of construction activity.

Almost three months on from the Prime Minister’s “Build, Build, Build” announcement we highlight the latest utility announcements below.

 

Build, Build, Build

On 3 June, the government promised to ‘build, build, build’. Mr Johnson said that he wanted to use the crisis caused by the pandemic “to tackle this country’s great unresolved challenges” and get the UK construction sector moving.

Part of the plans included an acceleration of infrastructure schemes, and money for school building and hospital projects – totalling £4.43 billion.

For utility suppliers, the development pipeline is healthy, with many opportunities arising from the promises made.

 

Utility investment

The UK Government committed to several high-value major utility schemes during the summer, boosting the development pipeline enormously.

Glenigan has reported that the:

“Government backing of Norfolk Vanguard, a £1.8 billion offshore wind farm off the coast of Norfolk, provided a tremendous boost to the sector. Ground investigation works are now on-site for four months, but the main contractor is yet to be appointed.”

The £200 million development of Manston Airport has also been approved by the government. The airport will primarily be used as a cargo airport, with a capacity of at least 12,000 air cargo movements per year. Glenigan has highlighted this opportunity as one of the government’s major utility schemes and has revealed that this project is also yet to go out to tender.

Finally, development consent has been granted to a £450 million solar project in Kent. Cleve Hill Solar Park is set to cover an area the size of 900 football pitches, powering approximately 110,000 homes a year.

 

Prioritise business intelligence

The utilities sub-sector is a vital part of UK construction. Knowledge of construction activity at both a national and regional level is key to being able to identify and respond to opportunities within the market – so investing in a procurement platform that will help you to find, bid for and win new construction tenders should be a priority for your business.

Tracker’s Commercial Projects provides unique and comprehensively researched data that is exclusive to the Tracker business solution tool, such as planning permissions for projects like the ones mentioned above, to support suppliers to engage early with buyers.

Learn more about early engagement with Tracker.

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