£4.8B worth of flood defence work up for grabs
Information concerning government construction contracts worth more than £109B has been released today. The details includes 41 flood defence projects with a total capital forecast spend of £4.8B.
The Government Construction Pipeline (GCP) is updated every six months, and this latest information reflects the Spending Round for 2015-2016.
The online portal can be used to plan for the future based on what the government proposes to build, construct or renovate over the coming years.
Cabinet office minister Chloë Smith said: "We know that being transparent about opportunities available in the public sector is exactly what suppliers need to start looking at their business, investing and boosting their capabilities.
"Regularly updating this information and providing construction suppliers with much earlier visibility of future opportunities within government gives UK business the knowledge they need to plan, get ahead of the game and grow. With more than £109B worth of future public construction contracts now up for grabs from now to 2020 and beyond, we are reinforcing our long-term commitment to rebalance the economy and help Britain get ahead in the global race."
This latest version of the pipeline contains the largest amount of proposed construction projects ever published and includes opportunities related to investment in infrastructure across government as set out in Investing in Britain's Future:
- More than £3.3B of new funding to build 165,000 affordable new homes in England over the next three years
- £370M in 2015 to 2016 for the long-term funding settlement for flood defences
- More than £40B commitment to build High Speed 2 (HS2)
- Trebling annual investment in major road schemes by 2020/21 compared to today’s levels
Click here to access the Construction Pipeline data
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