The construction sector ended 2015 on a high note with industry figures showing house building went up in December and the Markit survey of the industry showing that more than 50% of firms expected to grow business in 2016.
On the back of that good news came the excellent boost to the sector in the November spending review when the government also pledged to invest £12bn in infrastructure over the next five years; and with infrastructure investments confidence in a town or city’s overall prospects always tend to rise so we can expect to see a knock-on effect in other areas of construction.
So what could this mean for the Midlands? Well, Birmingham is already seeing major regeneration and investment and following on from the expansion of New Street station this is only expected to continue.
But outside of the region’s major hub what other towns and cities can expect to see their fortunes revived by infrastructure investments?
Well, a pretty big part of the government’s £12bn pot is going on transport and the Midland Mainline railway is going to see its plans for electrification come to fruition. This will mean faster connections for towns and cities such as Derby, Kettering, Nottingham and Leicester, making them more attractive to business investors.
There will be longer trains so more commuters and leisure travellers can use the services, meaning tourism can increase and more people can live and work in these cities. As the better infrastructure brings regeneration to the region, the people moving in and the people already there will need more homes, leisure activities, shops, medical centres and entertainment hubs.
So, we and our customers will also be investing in Britain by helping to build the quality residential, leisure and commercial developments they’ll need, and providing jobs to the skilled construction sector workers that deliver them. We’ve already started and our recent projects include the new A&E department at New Cross Hospital in Wolverhampton with Kier Construction; Beacon Barracks SFA housing development in Stafford with Defence Infrastructure Organisation and Lovell Partnerships; and the new 2,350 room Aston Student Village, for Aston University in Birmingham.
As we look ahead to 2016, the Midlands has a great chance to win back its place at the heart of the country’s economic power and we’re proud to be playing a part in that. With better rail and road links coming to the area, it’s a great time to invest in the future of the Midlands.
If you are planning a project in the Midlands and looking for an experienced groundworks and civil engineering specialist, click here to fill in your details and we’ll get in touch to chat about your requirements. Or you can just call the team now on 01926 319 724 or email us at [email protected]