North West tops construction contract awards in June

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construction contract awards,
© Steve Allen

The value of construction contract awards in June 2019 was £5.2bn, an increase of 5.5% on May, according to the latest Economic & Construction Market Review

Regional analysis of construction contract awards reveals that the North West was the leading region in June with a 36.6% value share.

The latest review from industry analysts Barbour ABI highlights levels of construction contract awards awarded across Great Britain. The infrastructure sector accounted for 37.2% of total value of contract awards, due to the SPRS Construction Programme at the Sellafield Site – valued at £1.5bn, which boosted the North West’s project share.

London dominated in only two of the eight sectors for June 2019 – residential with a 26.2% share and commercial & retail with a 23.7% share of total contract awards.

Construction activity has moved out of the capital for June, with a more even spread of contract awards across the UK. The East Midlands dominated the industrial sector, largely due to investment in warehousing and storage. The South West took the top spot for hotel, leisure & sport and Scotland took the lion’s share of projects in the medical & health and education sectors.

Tom Hall, chief economist at Barbour ABI said: “London has dominated project awards every month in 2019.

“However, for the first time this year, we see a shift in the spread of project awards across the country. Likewise, for the first time this year, we see infrastructure investment overtake the residential sector which has been the most active sector of construction for over 6 months.”

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