Glenigan is the trusted provider of construction project sales leads, industry data, analysis, forecasting and company intelligence. Glenigan combines comprehensive data gathering and exhaustive research with detailed statistical modeling and expert analysis .
A surge in detailed planning approvals and a significant rise in major contract awards this summer signal growing confidence in Scotland’s construction sector, with a strengthening pipeline of new projects set to drive further growth.
Whilst debate rages over longer-term solutions to the shortage of homes, a plentiful supply of new construction work is set to come from Build to Rent (BtR) housing contracts in the short and medium term.
Growing demand from businesses for new warehousing and logistics space is set to drive a marked revival in industrial construction activity during 2024 and beyond.
A recent revival in detailed planning approvals on major new offices and large hotel/leisure schemes bodes well for future construction work pipelines across a series of cities and regions, particularly London, Manchester, and Yorkshire & Humberside.
Recent confirmation by Warner Brothers that it is going ahead with a major expansion of its film studios near Watford has put the significant amount of construction work being created by the screen sector in the spotlight.
A marked upturn in detailed planning approvals over the summer provides useful pointers to key sectors across the industry where new work opportunities will be strongest in the year ahead.
As companies seek to rebuild and reconfigure their business space to accommodate hybrid working, the offices sector can look forward to two years of growth with particularly strong opportunities in London.
The construction industry is forecast for a strong bounce back next year as new opportunities appear in warehousing & logistics, office, and retail refurbishment, fit out, and the repurposing of redundant commercial premises.
While the housing market is suffering a slowdown right now, the prospects for major new housing developments have brightened spectacularly in recent months.
A 29% upturn in planning approvals in January-March compared to the same period last year, provides positive news for the industry’s future work pipeline.
Government investment is boosting the market for air source heat pumps with £409 million being ploughed into helping 144 public sector buildings drive down their carbon emissions by shifting away from gas boilers.
With the commercial and industrial markets facing uncertain times, one of the more reliable sources of new work for the construction industry is the UK’s universities.
The core parts of the government’s Northern Powerhouse Rail project are set to be completed after the government committed to the work being funded in the recent November budget.
A rare piece of economic good news emerged in a recent report suggesting that the drive for ‘levelling up’ is having an impact and generating some significant new construction work in the North of England thanks to a sharp rise in overseas investment in the area.
A new twist on the Build to Rent concept emerged recently when planners approved the first development of homes to be built specifically for families to rent.
More than £15 billion-worth of renewable projects have secured planning permission in the past year with the bulk made up of proposals for new wind farms.
Construction growth has faltered after a post-pandemic boost at the start of last year but there will be a return to stronger growth in the short-term according to the latest industry construction forecast from Glenigan.
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