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£62.6 billion increase in the pipeline

Editorial Type: News     Date: 05-2016    Views: 1665      




Analysis by KPMG has revealed a £62.6bn jump in the value of the UK Government construction pipeline since August 2015, reflecting inclusion in the pipeline of the full cost of HS2 to Birmingham, Leeds and Manchester, and additional spend on education and nuclear decommissioning

The report, "UK Government Construction Pipeline - KPMG Analysis," captures £181 billion of spending on Government funded projects, increased from £119 billion in August 2015, and highlights that the largest changes in the pipeline are due to:

• An increase of £32 billion in the transport sector attributable to inclusion of the Spending Review 2015 budget for HS2 Phases 1 and 2
• An additional £15 billion in the education sector, due to an increased balance of spend as identified in 'Investing in Britain's Future'
• A £10 billion increase in the value of the energy sector pipeline attributable to additional spend on nuclear decommissioning.

Richard Threlfall, KPMG's UK Head of Infrastructure, Building and Construction said: "It is encouraging to see the dramatic increase in forecast spending resulting from the Government including the full budget for HS2 phases 1 and 2 in the pipeline. The focus now needs to be on efficient delivery to ensure that projects are delivered to time and budget."
https://home.kpmg.com

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