UK figures point to construction recovery

11 August 2020

UK construction site

UK construction site

Construction activity for the top UK contractors returned to pre-coronavirus levels during July, according to industry analyst Barbour ABI.

The company today released its monthly table, showing the 50 leading contractors were awarded a total of 165 projects, with a combined value of over £3.9 billion (€4.3 billion).

This monthly figure compares favourably with the monthly average in 2019 of £3.2 billion (€3.6 billion), and equals the monthly average between January and March this year.

The leading contractor, in terms of project value is RJ McLeod, who was appointed as main contractor on the £500 million (€556 million) Viking Wind Farm project in the Shetland Isles in Scotland.

Second in the table is ISG, with five awards totalling £221 million (€246 million).

Tom Hall, chief economist at Barbour ABI & AMA Research, said that, while awards for the leading UK contractors had recovered strongly in July, it was worth noting that ”there was likely to be a bow wave of projects now being green-lighted after lockdown and furlough.”

He added that, ”given the uncertainty over the recovery in the wider economy, the future planning pipeline is also currently uncertain.”

Latest News
Spacecraft supports legendary lifting and moving
One of the most revered jobs over the past 40 years was anything to do with the NASA Space Shuttle.
Gordan named Link-Belt transportation manager
Gerald Gordon brings nearly 20 years of experience in the logistics industry.
Skyjack reports strong Q1 results
North American market up 7.7 percent for Skyjack in Q1 and parent company Linamar expects 20 percent full-year growth for the access OEM