LONDON, August 21, 2014 /PRNewswire/ --
Figures released today (20 August) reveal that the North West of England accounted for over 29 per cent of the total value of hotel, leisure and sport construction contracts in July for the UK, with major projects given the go-ahead.
Barbour ABI, the chosen provider of the Government's Construction and Infrastructure Pipeline, has published its latest Economic & Construction Market Review, which shows that the value of hotel, leisure and sport construction contracts across the North West of England totalled more than £105 million in July.
The major projects commissioned in July included the £37 million Mersey Gateway Bridge improvement works, Barons Quay £40m regeneration scheme in Northwich and the first phase of the Manchester Business School redevelopment that includes a brand new 326 room 19 storey hotel as part of the University's £1billion campus masterplan.
The report, available to download here, also shows that the region contributed 21 per cent more in value of contracts compared with this time last year for hotel, leisure and sport projects.
On the findings of the report, Michael Dall, lead economist at Barbour ABI, commented: "Hotel, leisure and sport construction activity accounted for £364 million in July, an 11 per cent increase than in June and a 12 per cent increase from July last year, with the North West right at the forefront of this growth. With a number of large construction projects commissioned this month and the upcoming regeneration of Manchester Business School, it's an exciting time for the region and local industry, which should see first-hand the economic benefits for the area."
The Economic & Construction Market Review is a monthly report designed to give valuable insight into UK construction industry performance. It is compiled from Barbour ABI's records of construction data for every UK planning application, and key indicators, such as the Office for National Statistics' Construction New Orders data.
Notes to editors:
About Barbour ABI:
Barbour ABI is a leading provider of construction intelligence services. With a team of in-house research specialists and a dedicated lead economist, it provides commercially relevant insight and unique analysis of trends and developments within the building and construction industry.
Barbour ABI is the chosen provider of industry data and indicators for Government bodies including the Office for National Statistics and the UK Government's Construction and Infrastructure Pipeline, which outlines future construction and infrastructure projects where public funding is agreed. Barbour ABI also provides data for independent organisations, such as the Construction Products Association.
Barbour ABI is part of global events-led marketing services and communications company, UBM, and is headquartered in Cheshire Oaks, Cheshire.
UBM helps businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Its 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
Press enquiries to:
Jonathan Touhey at Barbour ABI
SOURCE Barbour ABI