Trades Newsletter August 2013
Transcript of Trades Newsletter August 2013
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Construction News August 2013
Construction output expected to
grow by 4.5% in 2015
Construction output is set to grow by over 2.2% in 2014
and by 4.5% in 2015, boosting the trades and
contributing to stronger economic growth, theConstruction Products Association has revealed.
In the medium-term, further growth should be provided
by infrastructure activity, particularly from rail
construction such as Crossrail, Europe’s largest project,
and energy-related work including nuclear, offshore
wind, and small renewables schemes.
Regional disparities are evident with London and the
South East showing the strongest levels of activity owing
to major contracts and refurbishment projects.
Noble Francis, Economics Director of the Construction
Products Association, said: “The industry has suffered
greatly over the past five years and earlier this year saw
its lowest levels since 2001. Even with growth in the
second half of this year, output is set to fall 1.5% for2013.
“However, our forecast is for construction to recover
from 2014. Growth over the next 12-18 months is
predominantly due to a surge in housing sector activity,
which is benefitting from the Help to Buy scheme.
“Help to Buy has clearly stimulated demand and led to
increasing supply from housebuilders. We forecast
housing starts will rise 39% by 2015.”
The Association forecasts reflect several key risks to the
industry, most notably the dependency of the housing
recovery on both a wider economic recovery and
government support.
Furthermore, infrastructure growth is dependent upon
the government’s ability to ensure that its capital
investment announcements translate into real activity
on the ground.
Mr Francis added: “Recent housing policies have proved
that when government announcements are followed
through, the result is immediate and significant. Help to
Buy Part 2 would be expected to make an even wider
and more significant contribution through its support for
the secondary housing market. Should the government
do the same in other parts of construction then this
industry will further support the wider economic
recovery.”
Key points in the Forecast include:
Construction output to fall 1.5% in 2013
before 2.2% growth in 2014 and 4.5% in 2015
Private housing starts to rise 15% in 2013 with
average growth of 9% per year from 2014
Factories construction to rise 42% by 2017
driven by manufacturing and export growth
Rail infrastructure to rise 41% by 2016 driven
by Crossrail and station refurbishments
Energy infrastructure to rise 89% by 2017
Public sector construction to fall 5.2% in 2013
after an 11.4% fall last year
Northampton centre office
development to boost the trades
Northamptonshire County Council has selected a design
concept by BDP for a major new state-of-the-art office
development aimed at saving taxpayers millions and
giving Northampton town centre a major cash-injection.
The council is planning to centralise its Northampton-
based staff out of 12 ageing HQ buildings into one
energy efficient, low carbon building helping to avoid
£54 million of future building costs whilst boosting the
local economy by bringing 2,000 employees into the
area.
Now following weeks of a rigorous selection process and
a public exhibition showcasing six potential designs forthe Angel Street site, the council has announced that
BDP Ltd is the winning design team with their concept
which was Design C in the public exhibition.
Leader of the council Cllr Jim Harker said: “We are
delighted to now be in a position to announce the
outcome of a very rigorous selection process for the
design of this critical development.
“This project is so important not only in helping us rise
to our significant and ever growing financial challenges
but also in helping to give real support to Northampton
town centre’s economy.
“I am therefore very pleased that we are already in a
position to announce the design team we will be
working with and have in front of us the concepts of
what this exciting development will look like.
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“The comments people and staff made about this
winning concept during the exhibitions will now be
forwarded to the design team so they can be taken into
consideration.”
Final approval has been given for plans to unlock
hundreds of millions of pounds of private investment to
boost business across Falkirk and Grangemouth.
Falkirk Council’s £67 million Tax Incremental Financing
(TIF) scheme is expected to pave the way for £413
million in private investment that will create around
6,000 new jobs.
Under TIF, councils fund infrastructure by borrowing
against future business rate income that should be
generated by the resulting regeneration and
development.
The 25-year plan, over three phases across Falkirk and
Grangemouth, includes improving M9 motorway links to
established industrial areas and unlocking 400,000square metres of business space.
Within the bid funding is earmarked to contribute to
major flood defences to protect the port and refinery at
Grangemouth.
The Scottish Futures Trust, set up by the Scottish
Government to deliver value for money across public
sector infrastructure, has spearheaded the development
of the TIF model for use in Scotland.
Deputy First Minister Nicola Sturgeon said: “We will use
every lever at our disposal, within our devolved powers,
to boost capital spending and through innovative
financing schemes such as TIF, support jobs,
apprenticeships and help the Scottish economy.“The Falkirk TIF will allow dozens of major construction
developments across the area to unlock significant
economic development and regeneration.
“It will allow Falkirk and Grangemouth to maintain and
grow a number of industries and sectors that are
important nationally such as petrochemicals,
manufacturing and port activity against the backdrop of
highly competitive global industries.”
Councillor Craig Martin, Leader of Falkirk Council said:
“This investment signals a new chapter for Falkirk as it
gears up to play a significant role in Scotland’s economic
growth, export trade and jobs creation. Key
infrastructure development will unlock more
opportunities in our key sectors of chemicals,manufacturing and logistics, ensuring these high value,
job-creating industries can thrive to benefit the whole of
Scotland.”
Barry White, chief executive of the Scottish Futures
Trust, said: “SFT continues to lead the way with the
development of TIF across Scotland as an innovative way
to unlock future economic growth, as every £1 invested
by the public sector has the potential to attract a further
£6 from the private sector.
“We have worked closely with Falkirk Council on
finalising this agreement since recommending approval
of its TIF Business Case and very much look forward to
the positive impact that the investment will make to this
region and adjacent areas.”
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Tracerco grows within Tees Valley
Enterprise Zone
Tees Valley is set to benefit from a further investment as
global technology company, Tracerco, is about to
expand within the Enterprise Zone, creating 50 new jobs
and boosting the trades.
The company successfully secured a £1 million grant
from the £30m ‘Let’s Grow’ programme, part of the
Regional Growth Fund programme.
The grant will support a £8.6 million investment
programme including a new 61,000 sq ft bespoke
research and development facility, in addition to some
existing Tracerco buildings, and will be one of the largest
developments on an Enterprise Zone Business Rate
Relief site in the country.
Councillor Jim Beall, Deputy Leader of Stockton Borough
Council, said: “The new building will create specialist
jobs as well as ensure this fantastic Stockton company
can continue to grow and secure new contracts.
“It is terrific that we are already seeing the Tees Valley
Enterprise Zone succeed – with the sites based within
Stockton Borough playing an instrumental part in the
on-going development of the local economy and job
creation.” Andy Hurst, Managing Director at Tracerco, added: “The
new Measurement Technology Centre is the platform
for innovation and will support growth in our
Measurement Instruments business for the next decade.
“It will support the development of more unique and
special diagnostic devices, such as ‘Discovery’, our latest
development for the subsea industry, to maintain our
position as world leader in our sectors.”
£17 million support to help
communities build
Housing Minister Mark Prisk has announced a £17million fund to support people who want to build new
projects in their community area and boost the trades.
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Anyone planning new building projects in their
community can apply for a share of the funding boost
which aim is to support housebuilding and help deliver
more affordable homes.
The minister said the money will ensure that those
wishing to realise their vision will no longer be put off
building by the challenges of design and permissions.
Housing Minister Mark Prisk said: “From barn
conversions to bungalows, anyone wanting to build new
homes in their area should have the opportunity to do
so. That’s why we’re opening the door to a £17 million
support fund which will help people navigate the early
stages of any project.
“Today’s cash will make it easier for aspiring self -
builders and communities to get their projects off the
ground, opening the door for hundreds of potential
building projects across the country.”
Chief Executive of the Homes and Communities Agency
Andy Rose said: “Funding to help community groups
boost their capacity to apply for planning permission will
be very welcome in our local neighbourhoods andcommunities.
“The broadened scope of the programme is evidence of
the government’s commitment to help community
groups and parish councils to achieve the development
that they want to see take place in their local areas.”
Government boost for Scotland’s
world class offshore wind sector
Certainty and security are central to sustained
investment in Scotland’s offshore wind resources, the
Secretary of State for Scotland has said regarding the
UK’s plan to boost the renewable industry. The UK already leads the world in offshore wind power
generation. With more capacity than the rest of the
world combined the industry in the UK has the potential
to create 30,000 jobs and contribute £7 billion to the UK
economy by 2020.
The new strategy will help ensure that the economic
benefits are felt in Scotland and across the UK by leading
a strong partnership approach. Companies in Scotland
already getting involved in the sector such as ROVOP
and Petrofac in Aberdeen are demonstrating the
demand for skills, knowledge and innovation on an
international scale.
The strategy, revealed by Deputy Prime Minister Nick
Clegg and Energy Secretary Edward Davey, is set to
develop and grow a competitive UK supply chain
combined with inward investment to open up
opportunities for UK businesses.
The work will be led by the Offshore Wind Industry
Council, a new partnership between Government and
Industry chaired by Scottish Power’s CCO Keith
Anderson, with support across UK Government from
DECC, BIS and UKTI as well as the Scottish Government.
The Secretary of State for Scotland Michael Moore said:
“Together with the UK’s financial framework, electricity
market reform providing longevity on prices for
industry, significant funding for our world-leading
expertise like the Offshore Renewable Catapult Centre
in Glasgow and initiatives like the Edinburgh
Headquartered UK Green Investment Bank, today’s
strategy provides certainty and security in a long term
future for offshore wind which will be vital for attracting
new investment to Scotland and strengthening our
supply chain in the years ahead.”
Major boost for green homes and jobs
A £3 million fund is set to help hundreds of Scottish
homes become more energy efficient by installing
renewable electricity technologies that will boost the
trades and create new jobs.
Interest free loans will be available for home owners to
adopt a range of renewable heat and electricity
technologies, such as heat pumps, solar panels, micro-wind turbines or biomass boilers.
Householders will be able to borrow up to £10,000
depending on the technology and cost of their system.
Households installing renewable electricity technologies
will be eligible for payments for feeding electricity into
the national grid and households installing renewable
heat technologies can also benefit from Renewable Heat
Premium Payment vouchers for domestic renewables.
The funding will be directly targeted at homes in fuel
poverty, helping to boost household income. The
installation of the technologies will help to develop
Scotland’s micro-generation market and will contribute
to greenhouse gas emission reduction targets.
Energy Minister Fergus Ewing said: “The investment will
ensure hundreds of Scottish households get their own
sustainable green energy supply and in doing so they
will receive payments for supplying electricity to the
national grid or by cashing in a Renewable Heat
Premium Payment voucher.
“As well as being a huge help in fighting fuel poverty,
this investment will help Scotland become greener. The
wide take up of small scale technologies will be vital for
helping us to become a truly low carbon economy.
“Low cost, low carbon heating technologies such as solar
panels and heat pumps will cut emissions and support
jobs in the manufacturing and installation industry.
“This investment will also help to boost our micro -generation market, which will also help to create jobs in
this fast growing industry and meet our commitment to
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deliver renewable energy and energy-efficient homes in
those communities worst affected by fuel poverty.
“Independence is the only way to guarantee more
concerted action, focused on Scotland’s specific
advantages – like our vast energy resources – to raise
more people out fuel poverty and to ensure Scotland
becomes a greener and more sustainable place to live.”
Science-led facilities bring BAM
straight back to Cambridge
BAM Construction has been awarded a £9 million
scheme to build three-storey University Technical
College (UTC) in Cambridge set to generate work for
local contractors and boost the trades.The UTC will specialise in biomedical, environmental
sciences and technologies and will include five super
labs on the top floor. These will hold 90 students each,
with three capable of joining together to emulate large-
scale research conditions.
Start on site is scheduled for September 2013, with the
UTC due to open a year later at the start of the 2014/15
academic year.
BAM’s design arm will carry out structural design as well
as specifying furniture, fittings and equipment, working
closely with architect Hawkins Brown on the scheme.
The UTC will be built adjacent to the £175 million
Laboratory of Molecular Biology (LMB), which was
completed by BAM last year. The LMB was officially
opened on 23 May by Her Majesty the Queen,
construction value approximately £170 million.
BAM regional design manager Malcolm Boyd said: “We
are very excited to be back building science facilities in
Cambridge. The LMB project helped us develop our
designs for the science laboratories in the UTC, a key
contribution to this important win for BAM.
“BAM is committed to ensuring our work creating UTC
Cambridge will benefit pupils, teachers, the wider
community and the environment.”
Willmott Dixon gets go-ahead for£45m Welsh school job
Willmott Dixon has been given the go-ahead for building
a new £45 million Cardiff and Vale College site that will
boost the construction industry.
The Council’s planning committee approved proposalsfor the new campus in the heart of the city’s enterprise
zone, saying it would kick-start regeneration in the area.
The firm can now start work this month on the two-year
construction programme to deliver the distinctive
wedge shape building, designed by architects BDP.
The new campus will be completed in time for students
to start their courses in Autumn 2015.
The 16,000sqm site, which has excellent public transport
links and is designed with sustainability at its heart, will
provide world class facilities for 2,300 students and 350
staff.
While it will bring together many College activities under
one photovoltaic roof, CAVC will still continue its work
across Cardiff and the Vale of Glamorgan.
Councillors on the planning committee praised the
design as “fabulous”, “striking” and said that it was “a
statement” compared to many developments in the
area.
Chairman Michael Michael said: “It will enhance the
landscape of Cardiff as a whole and we hope that this
will be the start of our ambitious plans for the area.”
Offshore wind investment to
unlock billions in UK economy
Government and business have today published a long-
term strategy that will strengthen the UK’s position in
the offshore wind industry and create new jobs.
The industry has the potential to create 30,000 jobs
across the UK and contribute £7 billion to the economy
by 2020, boosting the renewable energy sector.
Deputy Prime Minister Nick Clegg and Energy Secretary
Ed Davey launched the strategy today during a visit to
officially open the Lincs wind farm off the coast of
Lincolnshire, developed by Centrica.
Deputy Prime Minister Nick Clegg said: “The race is nowon to lead the world in clean, green energy. As an island
nation, and with our weather, the UK is ideally placed to
make the most of offshore wind energy – you could say
it was a technology designed for us.
“This strategy will help keep Britain as the world leader
in one of the most important industries of the 21st
Century. If we make the most of offshore wind’s
potential in the UK, it can provide a big proportion of
the energy that lights our homes and powers our
economy.”
Investments by the government will include £20 million
from the Regional Growth Fund to improve the green
economy and help the trades.
Further £46 million fund will be allocated to join up
innovation between industry, government and
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academia, helping companies to bring new products to
market and boost employment.
The UK currently has more offshore wind power than
the rest of the world combined. The offshore wind
industrial strategy aims to grow the supply chain
manufacturing so that more of the work and jobs can be
created within the UK.
Business Secretary Vince Cable said: “We have more
offshore wind power than the rest of the world
combined and, if we get it right and strike now, we will
also see this new technology creating thousands of jobs
here as well.
“The commitment and partnership that this strategy
represents is an important step in giving the industry
more confidence to invest here in Britain; build
factories, increase capacity at ports, develop skills and
carry out high-end research to tackle the problems
posed by the unforgiving offshore environment.”
ISG awarded £13.5m Cardiff University scheme
ISG has secured a £13.5 million project with Cardiff
University that will see the building of new Business
School development at its Cathays Park campus.
Designed as a signature building within the University’s
property portfolio, the facilities at the striking new
building will play an important role in continuing to
attract students from across the world to study in
Cardiff.
John Rawlinson, ISG’s Western regional managing
director, said: “As Cardiff University seeks to further
expand its reputation for excellence across the globe,
this striking new building reinforces its commitment to
providing the very finest facilities for study and
academic research.”
Targeting a BREEAM Excellent environmental
performance rating, the new Business School will be
constructed using high specification building materials,
incorporate a roof mounted photo voltaic installation to
generate carbon free electricity, and also features a
rainwater harvesting and re-use system to flush toilets
within the building. The project is scheduled for
completion in summer 2014, ahead of the new
academic year.
Centralising Cardiff Business School’s excellentpostgraduate business resources within a purpose-built,
state-of-the-art building, the facility will feature a 250-
seat lecture theatre and impressive environmental
credentials.
Comprising over 54,300 sq ft of accommodation, the
business school incorporates an elliptical four-storey
structure with distinctive terracotta rainscreen cladding
to its façade and an attached two-storey teaching wing
with extensive curtain walling.
Providing the university with maximum flexibility, the
impressive elliptical lecture theatre has been designed
with bi-fold walls and folding partitions, so the building
can also be used as a high-specification conferencing
venue. The new structure also contains a range of
modular offices, flexible teaching spaces, two
postgraduate common rooms and a large central core
and break out area.
London Mayor visits global trade
hub to support jobs and growth
Boris Johnson has climbed the tallest port cranes at
London’s new trade hub that will create more than
27,000 jobs and contribute £2.4 billion to the UK’s
economy.
The Mayor of London , Boris Johnson, was welcomed to
DP World London Gateway by DP World Vice Chairman
Jamal Majid Bin Thaniah and London Gateway CEO,
Simon Moore.
DP World Vice Chairman Jamal Majid Bin Thaniah said:
“We are delighted to be able to welcome the Mayor of
London to see for himself the scale of the site, which is
three times as large as the City of London.
“With some 3,500 construction workers employed every
day and thousands of long term jobs to be created, this
is a huge inward investment by DP World into the UK.” The Visit comes just weeks after the announcement that
Marks & Spencer will build a 900,000 square foot
distribution centre on the site, which is just 25 miles
from Central London.
London Gateway’s logistics park will be Europe’s largest
and will see deep-sea cargo sent directly to the market
from distribution centres at London Gateway, removing
the time and cost associated with movement of goods
via inland distribution centres.
Mayor of London, Boris Johnson, said: “London is set to
regain its position as one of the world’s greatest ports,
and establish itself once again as a gateway to world
trade.
“This gargantuan site will create tens of thousands of
jobs in our capital and the South East, whilst helping to
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drive continued prosperity for the rest of the UK. DP
World’s investment is a huge boost to the economy and
a massive vote of confidence in London’s future.”
£4.6m housing boost for West
Salford
The Homes and Communities Agency (HCA) has
awarded £4.6 million to support new developments
across local communities in West Salford, paving theway for new job in the construction industry.
The money is part of a £220 million country-wide
package, announced by the Government last week, to
build new affordable homes across the country.
City West Housing Trust, which has 14,600 homes in
Salford, will use the funding boost to continue its
ongoing regeneration of local areas. The investment will
also allow City West to expand the scope and ambition
of future house building schemes.
The £4.6 million total includes a £1.4 million
discretionary award from the Government’s Care and
Support Specialised Housing Fund, to meet the needs of
older people and adults with disabilities.
City West will use this funding to deliver 66
accommodation units at Amblecote Gardens, its flagship
extra care scheme in Little Hulton, which has
commenced construction.
Colette McKune, Deputy Chief Executive of City West
Housing Trust said: “This is fantastic news for families,
couples and individuals in Salford who are seeking an
affordable, good quality home.
“This funding boost from the Homes and Communities
Agency means we can expand the scope of some of our
current affordable housing projects, as well as being
even more ambitious with new projects we have in the
pipeline. We are delighted to be able to now invest even
more in helping to regenerate Salford.“Our philosophy has always been to work closely with
local people in planning new housing initiatives – and we
will continue to do that as these exciting projects take
shape.”
Deborah McLaughlin, Executive Director for the North
West at the HCA, said: “The confirmation of this funding
is great news for local residents, as it will ensure that
there is a good choice of housing for people where they
want to live, in homes that they can afford. This will
make a real difference to the local community.”
Announcing the Government’s funding package on July
24, Housing Minister Mark Prisk said: “I am pleased to
announce the first wave of allocations through this
programme with £220 million government funding to
help deliver almost 14,000 new homes.
“Today’s funding allocations will enable organisations
across the country to hit the ground running and play
their vital role in getting Britain building and delivering
the homes and jobs this country needs.”
Growth boost for HS2 as taskforce
membership gets confirmed
Senior figures from business, academia and local
government have joined the HS2 Growth Taskforce, to
drive economic growth create new jobs in the trades.
The independent expert group was set up last month to
maximise the economic benefits – including job creation
– generated by the flagship rail project and is chaired by
Commercial Secretary and former LOCOG boss Lord
Deighton.
The government believes HS2 will be a key driver of jobs
and growth. Independent analysis commissioned by
Greengauge 21 predicts that HS2 is capable of
generating up to 22,000 jobs in the next 5 years, rising
to a maximum of 50,000 jobs by the late 2020s.Commercial Secretary to the Treasury Lord Deighton
said: “HS2 presents a massive opportunity to boost
growth in regions across the UK and it’s vital that we talk
to business leaders, public sector organisations, local
government and the public about how we maximise the
benefit to the whole of the country.
“I am delighted to have such a skilled team working with
me on the HS2 taskforce. They know the huge benefits
large scale infrastructure projects can bring if they are
done in the right way.
“I am confident that together we have the right blend of
experience and expertise to make sure HS2 delivers its
full potential in terms of jobs and growth.” HS2 Ltd Commercial Director Beth West said: “We
welcome the appointment of the members of the HS2
Growth Taskforce. We look forward to hearing their
thoughts and value their expertise to help us deliver the
maximum payback from the investment in HS2.
Their collective knowledge will further strengthen our
ability to make HS2 a catalyst for Britain’s future
prosperity, supporting economic growth and assisting
towns and cities to deliver regeneration, skills and jobs”.
The taskforce will seek to learn from and build on the
success of Crossrail’s supply chain, where billions of
pounds of contracts have been awarded across the UK
from Falmouth to Inverness. Looking at British and
international experiences of driving growth from major
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infrastructure investments, the taskforce will set out
options and make recommendations on:
maximising regional and national growth opportunities
getting British industry and the UK workforce ready to
respond to the vast array of opportunities HS2 will
provide – 70% of jobs created by HS2 are expected to be
outside London
ensuring HS2 delivers as a catalyst for economic growth
and regeneration around the stations and surrounding
communities
ensuring job opportunities from HS2 can be maximised
and advising what contribution HS2 can make to the
skills and training agenda
maximising the potential to use the buying power of HS2
to improve supply chains and manufacturing capacity
across the UK.
It will also engage heavily with the core cities and local
enterprise partnerships to ensure the benefits of HS2
are felt far beyond the station cities.
Renewable energy plant set to
create 200 new jobs
A green energy firm is set to create 200 construction
jobs during the building of a new £80 million renewable
energy plant in Northern Ireland.
Evermore Renewable Energy has secured a multi-million
investment to build the first of its kind renewable
energy power plant in Londonderry Port and Harbour,Lisahally.
The 15-megawatt plant is expected to be fully
operational by 2015 and will increase the amount of
renewable energy currently generated in Northern
Ireland by 10 per cent.
Ciaran Devine, co-founder of Evermore said: “We are
making a serious commitment to the Northern Ireland
energy market. Working with the best partners in
technology, fuel supply and financing we hope to show
that Northern Ireland is a great place to do business so
that further inward investment will follow.”
Welcoming the announcement, Northern Ireland’s
Energy Minister, Arlene Foster said: “The Evermore
plant will make an important contribution towards
Northern Ireland’s 2020 renewable energy targets.
“It is a wonderful example of local, national and
international co-operation and I am particularly pleased
to note that this is the first Northern Ireland project to
secure funding from the Green Investment Bank. I
congratulate all those involved in securing this
significant investment for the North West.”
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Carillion lands £100m
maintenance contract to boost the
trades
A Carillion joint venture has won a multi-million
outsourcing deal with Stockport Metropolitan Borough
Council to manage its properties over the next ten years.
The contract is expected to be worth over £100 million,
with the potential for this to grow significantly through
increasing work that could see the creation of new jobs
in the trades.
The joint venture, also known as Stockport Strategic
Property Partnership (SSPP), will be established in
September 2013, with the objective of transforming the
Council’s operational and non-operational property
portfolios.
The SSPP will deliver substantial savings for the Council,
while maintaining high-quality services. The Partnership
will initially be for 10 years, with the option to extend
this for a further five years.
Carillion Chief Executive, Richard Howson, said: “We are
delighted to have been selected for this strategic
partnership with Stockport Metropolitan Borough
Council.
“I believe this further success in the Local Authorityoutsourcing market once again reflects our ability to
provide integrated service solutions that enable Local
Authorities to reduce costs without sacrificing service
quality.”
The joint venture will also have the opportunity to
provide similar services to other Councils within the
Association of Greater Manchester Authorities (AGMA),
because they will have the option to procure services
without the need for further procurement processes or
costs.
Deputy Council Leader Councillor Mark Weldon said: “To
achieve greater efficiencies and collaboration between
public sector agencies to deliver local community
services, we are transforming the Council’s estate and
property portfolios.
“I am confident that the new operating model will
deliver an effective and efficient strategic property
service to meet the Council’s future priorities.”
BAM set to expand student
accommodation work
BAM Properties has formed a joined venture with
specialist developer Connislow to pursue opportunities
in the student accommodation market, boost the trades
and create new jobs.
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The first BAM Connislow development is on site in
Ainsley Street, Durham and the joint venture has other
potential projects under consideration in key locations
throughout the UK.
David Cotton, BAM’s Business Development Director
says: “BAM has a thorough understanding of the
University sector. We have built more than 100
university faculty and accommodation buildings in the
past ten years and we understand that competition to
attract the most talented students is global.
“The availability of quality student accommodation,
especially for post-graduate and international students,
is an important factor for universities. BAM acted as
Connislow’s principal contractor on an accommodation
scheme in Green Lane Durham. Our excellent
collaboration on that project led to the formation of the
joint venture.”
John Parkinson, Managing Director of the BAM
Connislow JV, says: “The joint venture will focus on
developments in university towns where future supply is
constrained by land availability, historic factors andplanning policy.
“Our developments are likely to appeal to funding
partners who wish to pursue a longer-term investment
strategy and who are attracted to the prime, scarce
nature of the developments.”
BAM Connislow’s first project, a development of 223
units at Ainsley Street, Durham is now on site and will be
completed in time for letting for the 2014 academic
year.
Balfour Beatty selected for £346m
Welsh wind farm
Balfour Beatty has been appointed as preferred bidder
to operate a £346 million Gwynt y Môr offshore wind
farm in the north coast of Wales.
As part of the Offshore Transmission Owners (OFTO) the
company will carry out its responsibilities through a 20-
year licence, seeing the creation of new jobs in the
renewable industry and boosting the trades.Balfour Beatty, in a consortium with Equitix, will jointly
own the 576 MW offshore high-voltage transmission
asset and will be responsible for the wind farm’s
operation and maintenance as well as connecting it to
the onshore electricity transmission system.
Balfour Beatty has also recently been selected by
Ofgem, the UK Government’s regulator for gas and
electricity markets, to participate in the next round of
bidding which will commence later this year for the
West of Duddon Sands project which has an estimated
transfer value of £310 million.
Chief Executive of Balfour Beatty Andrew McNaughton
said: “Gwynt y Môr is a significant step in the
development of our investment business in non-PPP
infrastructure markets, as well as our wider strategy of
developing our delivery capability in the offshore
renewables industry. It firmly places Balfour Beatty in a
leading position within the fast growing and potentially
very large offshore transmission markets.”
“Today’s announcement follows the competitive tender
process initiated by Ofgem for the Gwynt y Môr offshore
electricity transmission assets. Balfour Beatty’s success
reflects its expertise in infrastructure investment and its
long-standing experience in the maintenance of offshore
transmission assets.”
Thousands of new homes for the
North East, Yorkshire and the
Humber
Housing Minister Mark Prisk has announced £40.9
million investment towards affordable housing in the
North East, Yorkshire and the Humber that will createnew jobs.
This funding will provide 2,222 new affordable homes in
the area for a combination of affordable rent and
affordable home ownership.
According to the Homes and Community Agency (HCA),
significant number of the new homes will be completed
by the end of March 2015, paving the way for new
employment in the trades.
The announced funding is part of the expanded national
£450 million Affordable Homes Guarantees Programme,
which will be supported by the £3.5 billion Affordable
Homes Government debt guarantee to deliver
thousands of new homes.
David Curtis, Executive Director for the North East,Yorkshire and The Humber at the HCA, said: “The
confirmation of this funding is great news for local
residents, as it will ensure that there is a choice of
housing for people where they want to live in homes
that they can afford, making a real difference to the
local community.”
Housing Minister Mark Prisk said: “I am pleased to
announce the first wave of allocations through this
programme with £220 million Government funding to
help deliver over 14,000 new homes.
“Today’s funding allocations will enable organisations
across the country to hit the ground running, and play
their vital role in getting Britain building and delivering
the homes and jobs this country needs.”
Courtesy of www.tradesworld.co.uk