UK Infrastructure pre-pandemic was gearing up for what was heralded as the ‘infrastructure revolution’ with the March Budget labelled the ‘Construction’ budget.
While the sector has, inevitably, been affected by the ongoing economic uncertainty, the outlook remains positive.
The UK now focused on recovery, will see between £29 billion and £37 billion of contracts across economic and social infrastructure brought to market in the coming year, providing a sizeable opportunity for businesses of all sizes.
Spotlight on local government
The latest Tracker Spotlight report considers infrastructure and local government.
The Local government sector is extremely lucrative for public sector suppliers as it has incredibly diverse requirements; ranging from multibillion-pound regeneration projects to small-scale local requirements worth a few thousand pounds, making it an ideal client for businesses of all sizes.
Within the report it states:
“Infrastructure projects will play a vital role in rebuilding and revitalising the economy, especially in light of the new national lockdown for England, the impending end to the Brexit transition period, and concerns around rising unemployment…
“While local government is never the top spender each month, that is largely down to the high percentage of lower-value contract notices the sector issues. The local government market appears buoyant and likely to continue offering extensive opportunities to construction and infrastructure businesses of all sizes, notably SMEs.”
Download your copy to find our why Local Government presents a significant opportunity for business of all sizes, what percentage of contract notices relate to contracts below £500,000 and how to source the right contract notice or framework for your organisation.
Are you finding the right opportunities for your business?
Given the COVID-19 crisis and, particularly, the impact it has had on SME suppliers, businesses must be equipped with the information, support and intelligence required to engage early and win business.
A recent Construction Online survey found that 60% of participants found it difficult or extremely difficult to find supply chain opportunities.
This is where Tracker can help. To find out more about opportunities within the local government sector, book an appointment with one of our consultants here.