Posts tagged Investment
Communities Minister Baroness Hanham has announced £5.4 million of European investment to build state-of-the-art business facilities which will further development on Enterprise Zones.
Lady Hanham confirmed that the European Regional Development Fund Competitiveness Programme 2007- 2013 is investing £3.29 million in the HCA owned Darlington Business Growth Hub where work will start later this year.
The Baroness also announced that the European Regional Development Fund is investing £2.1 million in Boho 5, part of the DigitalCity initiative, that is expected to create at least 250 new jobs in 10 years.
The scheme is set to provide 2,322 sq m of high quality business accommodation targeted specifically at small and medium enterprises operating in digital and creative sectors.
Baroness Hanham said: “I am delighted to formally announce European Regional Development Fund investment for the Darlington Business Growth Hub and Boho 5, which will see the development of high quality premises enabling new and growing businesses to create jobs and wealth in Tees Valley.”
Darlington Business Growth Hub will comprise additional 3,200 m² of high quality Grade A office space for small and medium enterprises and is due to open January 2015.
The project will see the creation of at least 25 new businesses and 350 new jobs within the first 15 years of operation. The project is being managed by Darlington Borough Council with the Homes and Communities Agency providing the match funding.
David Curtis, Executive Director at the Homes and Communities Agency (HCA) said:
“The confirmation that these schemes will receive European Funding means that the HCA will invest an additional £5million in creating jobs in the Tess Valley.”
“We will invest £3million in the Darlington Growth Hub to help create a purpose built facility that will help new businesses grow and supports local jobs. Our £2 million investment in Boho 5 is a key part of our wider long term investment in Middlehaven to help create educational and employment opportunities for Middlesbrough”
The European Regional Development Fund Competitiveness Programme 2007-13 is bringing over £300 million into North East England to support innovation, enterprise and business support. It will help create and safeguard 28,000 new jobs, start 3,000 new businesses and increase the productivity by £1.1bn per annum.
Business and Energy Minister Michael Fallon has announced the creation of an Offshore Wind Investment Organisation (OWIO) to boost levels of inward investment and to further stimulate jobs in the UK offshore wind industry.
The OWIO is expected to boost the UK offshore wind industry alongside Government support for three offshore wind innovation projects as well as pave the way for new employment opportunities in the trades.
Energy Minister, Michael Fallon said: “Offshore wind is a major success story for the UK, and we want to boost levels of inward investment. This will be an important part of our industrial strategy for the sector later this year, and we are creating the Offshore Wind Investment Organisation to drive that activity.
“We already have more installed offshore wind than anywhere else in the world, and this brings enormous economic benefit to our shores, supporting thousands of skilled jobs.
“Through the formation of this industry-led partnership and through our support for innovation projects, we will boost the positive benefits that the offshore wind sector can bring to the UK economy.”
The OWIO is one of the recommendations of the forthcoming industrial strategy and will be headed by a senior industry figure. The organisation will be a partnership between industry and Government, established by UK Trade & Investment, that will complement the work of DECC and BIS in delivering the Government-wide offshore investment objectives.
Michael Fallon also announced three innovation projects that Government will support as part of Offshore Wind Components Technologies Scheme:
- Power Cable Services Limited, based in Kent, have been awarded a £540,000 grant towards their high voltage subsea cable jointing technology project
- Aquasium Technology Ltd with partners Burntisland Fabrications Ltd and TWI have been awarded a grant of £769,600 towards their cost-effective fabrication project.
- Wind Technologies Ltd (Cambridge) have been awarded a £728,355 grant to design, manufacture and test an innovative 5MW medium speed drive train concept.
The Minister announced the support during his keynote speech to Renewable UK’s Offshore Wind 2013 conference in Manchester today.
Industry delegates at the conference are also able to attend the first ‘Share Fair’ session enabling them to hear about investment opportunities from major players in the market. This addresses one of the priorities identified by the offshore wind industrial strategy partnership between Government and industry.
What is your reaction to the Government plans to boost levels of inward investment and create new jobs in the UK offshore wind industry? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
The schemes backed by the London Enterprise Panel (LEP) are in areas where ambitious regeneration plans are in place and where transport infrastructure will help unlock significant economic growth.
These schemes are set to deliver improved rail links between Tottenham Hale and the Upper Lee Valley; major road improvements in Bexley and support Ealing to harness the economic opportunities coming from Crossrail.
Collectively the projects could safeguard existing or create an estimated 45,000 jobs, support the construction of tens of thousands of homes and attract significant private investment into deprived areas.
The LEP’s adoption of these bids is a significant milestone for these projects and the proposals will now progress to a final stage, including more detailed work developing business cases, technical modelling and delivery mechanisms.
The Mayor of London, Boris Johnson, said: “Transport links are a vital precursor to economic development. This money is earmarked for investment into transport schemes which have significant potential to stimulate growth and job creation.
“I welcome the London Enterprise Panel’s assessment of which projects are best placed to do this and City Hall will now be working with the bid teams to progress these ambitious proposals.”
The bids approved by the London Enterprise Panel will provide extra services at Northumberland Park and Tottenham Hale, improving rail links between Stratford, the Upper Lee Valley and beyond including Stansted Airport.
Collectively with Angel Road Station improvements, this will support the commencement of the Meridian Water development and regeneration at Northumberland Park where there are plans for an estimated 3,500 homes and 500 jobs.
It will also support the development of an estimated 15,700 new homes, 21,900 new jobs in the Lee Valley and up to 15,000 jobs in adjoining areas.
£2.5 million allocated to upgrade Angel Road station and support regeneration in Enfield (bid from Enfield Borough Council). Angel Road station is vital to the regeneration of Enfield and specifically to support the Meridian Water development and regeneration in the Lower Lea Valley more widely.
Station improvements will increase passenger capacity through an enhanced commuter rail service and boost employment across wide range of trades in the building construction industry.
The Government is going to build thousands of homes at stalled housing sites and create new construction jobs through a multi-million investment package set to kick-start the economy and boost the trades.
Today, Housing Minister Mark Prisk confirmed that 14 major housing schemes across the UK will benefit from the investment that can start building up to 38,000 new homes.
A share of the Local Infrastructure Fund, which has a total budget of £474 million, will create thousands of jobs for local communities and people in the trades across the country.
The funding programme is targeted at large-scale sites of over 1,500 homes that could deliver real benefit to their communities.
Housing Minister Mark Prisk said: “This government is determined to get Britain building again. That’s why we are working with local housing schemes that have their plans in place, but need help to move forward.
“Our support through the Local Infrastructure Fund will help deliver the homes this country needs, create thousands of jobs and inject millions of pounds of investment into local economies.”
Homes and Communities Agency Chief Executive, Andy Rose, said: “This investment from the Local Infrastructure Fund is about building momentum behind some of those larger locally-backed housing developments to accelerate the supply of new homes.
“There is work to be done to ensure these bids deliver value for money for the taxpayer and fit with local priorities, but I am looking forward to getting out on site and seeing progress on successful bids in the months ahead.”
What is your reaction to the Government’s plans to kick-start thousands of homes at stalled housing sites and create new construction jobs in the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Construction unions have signed a ground breaking industrial relations agreement to build a new nuclear power station at Hinkley Point that will employ 5,000 workers at the peak of construction.
The project will be the largest single site construction project in Britain. The Civil Engineering Sector Agreement has established pay rates for the workforce which is significantly above those agreed by the Construction Industry Joint Council.
It has been confirmed that a minimum craft rate of £13 an hour for civil engineering work and additional bonus payments to workers on site will establish the job as the best-paid site in the UK.
After months of negotiating, unions UCATT, Unite and GMB have secured agreement with the client EDF Energy and the principal contractors Bouygues Laing O’Rourke for a Common Framework Agreement which addresses how industrial relations will be managed and a Civil Engineering Sector Agreement.
The agreement also makes clear that the training of traditional apprenticeships and adult trainees will be a priority. A target of training at least 500 apprentices and adult trainees during the lifetime of the project has been set.
In an important step to combat casualisation and poor productivity the site will only directly employ workers through PAYE. For the first time in such an agreement there will also be strict rules placed on the recruitment of workers through employment agencies.
A top of the range occupational health scheme will be established to help ensure the short-term and long-term health of the construction workforce.
The agreement also sets out provision for a bonus scheme, a productivity scheme and milestone payments, which has laid the foundations for the best paid construction project the industry has seen.
Steve Murphy, General Secretary of construction union UCATT, said: “This ground breaking agreement will ensure that workers building Hinckley Point will receive excellent rates of pay and first class conditions. This agreement will act as the blueprint for all future major construction projects.”
Kevin Coyne, Unite National Officer for Energy and Utilities, said: “A new nuclear power station at Hinkley Point will be a significant milestone towards meeting Britain’s low carbon energy needs.
“We’re pleased that progress towards a greener future is also characterised by good pay and conditions for thousands of highly skilled workers. The agreement reached between the unions and employers is the result of intense but constructive negotiations.
“This agreement sends a clear message to the rest of the construction industry that good productive relationships can deliver positive results. The unions and employers have made real progress in laying the right foundations for this important project. It is now time for the government to stop delaying and give EDF the certainty it needs so the company can get on with the job of meeting the UK’s energy needs.”
What is your reaction to the development of Hinkley Point that will employ 5,000 workers at the peak of construction and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Britain’s Olympics has delivered a £2.5 billion boost in foreign direct investment (FDI) over the past year, bringing with it more than 31,000 jobs, according to preliminary figures published today.
The investment projects generated following the 2012 Olympics’ British Business Embassy programme of global business summits have helped ensure that the UK has again retained its position as the leading European destination for foreign direct investment.
The preliminary data published today at the Global Investment Conference shows that during 2012-13, UK Trade & Investment (UKTI) recorded 1,462 projects which brought with them or safeguarded 163,489 jobs. Of these 58,170 are new jobs – beating both the quantity of investment attracted and employment secured in the previous year.
The Prime Minister, David Cameron joined other high profile delegates from 40 countries at the Global Investment Conference, including the German and Canadian finance Ministers, Managing Director of the International Monetary Fund Christine Lagarde, global chief executive officers, sovereign wealth funds representatives and corporate investors.
Senior Ministers Chancellor George Osborne, Energy Secretary Ed Davey, Trade Minister Lord Green, Treasury Ministers Greg Clark and Lord Deighton and London Mayor Boris Johnson also spoke to delegates about the UK’s compelling offer as both a hub for global growth and an international investment destination.
Trade and Investment Minister Lord Green said: “Foreign investment creates hundreds of thousands of jobs and helps to increase the productivity and competitiveness of the UK economy. It’s a vital strand of the Government’s plan for growth.
“The 2012 Olympics were a once in a generation opportunity for the UK to showcase to the world Britain’s compelling investment offer and these preliminary figures are very encouraging. Despite strong competition from our traditional competitors and emerging economies, Britain has retained its position as the leading destination for foreign direct investment in Europe.
“To retain the UK’s enviable position as one of the most attractive global locations of choice, Britain will need to continue to work hard to attract high value foreign investment in the coming year and beyond.“
The preliminary data published today compares favourably with last year’s 1406 recorded projects (4% increase) and 112,659 jobs (45% increase). Of the 163,489 jobs, 58,170 are new jobs and 105,319 safeguarded jobs. UKTI and its partners were involved in delivering nearly 84% of the projects. Full results will be published in July.
Kier began working with Harlow Council in 2007 when a joint venture partnership, Kier Harlow, was formed to provide a number of services to the town from housing repairs for the council’s 10,000-plus properties to street scene and grounds maintenance.
Due to start in June this year, the additional contract sees Kier appointed as principal contractor to work alongside Kier Harlow in improving kitchens and bathrooms throughout the council’s housing stock.
Continuing for up to four years, the works will upgrade all of Harlow Council-owned properties to ensure they meet and surpass the Government’s Decent Homes standard requirements.
Kier Services planned works manager Christopher Bunker is responsible for delivering the programme. He said: “The partnership will operate from our existing Kier Harlow base and will benefit considerably from the wealth of existing knowledge within the JVCo team.
“Kier is very proud of the contract award and is looking forward to making a big difference in residents’ homes – I’d like to say a big well done to all those involved in securing the work.”
Kier Harlow operations director, John Phillips said: “It is Kier’s goal to continuously improve the customer’s experience in Harlow and this contract together with new team members will be pivotal in achieving our aim. I would also like to extend my sincere appreciation to the team who worked hard to secure this contract.”
Speaking at the conference, Mr Davey called on Scotland to remain in the UK to protect current high levels of renewable investment in the trades and safeguard additional employment opportunities for people in the trades.
Mr Davey said: “The UK offers a uniquely attractive, stable, transparent and supportive environment for investment in low carbon generation.
“Between now and 2020, the support we give to low carbon electricity will increase year-on-year to £7.6 billion – a tripling of the support for renewable energy.
“New research by my Department estimates that, since 2010, across the UK, over £29 billion of private sector investment in renewables has been announced supporting almost 30,000 jobs.
“Many of these jobs are highly-skilled and well-paid positions and employees can be proud to be a part of securing the UK’s energy supply.
“The commitment of the UK Government to a vision of a low carbon future is building up a bow wave of new jobs and investment in the economy.”
Renewables jobs and investment
New research shows that since 2010 more than £29 billion worth of investment has been announced in renewable energy with the potential to support around 30,000 jobs.
The figures produced by the Department of Energy and Climate Change show that between January 2010 and April 2013 industry has announced:
- 18,613 jobs and £14.5 billion investment in England,
- 9,143 jobs and £13.1 billion investment in Scotland,
- 1,952 jobs and £1.4 billion investment in Wales,
- 239 jobs and £304 million investment in Northern Ireland.
What is your reaction to the £29 billion investment that will energise the renewable industry and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Willmott Dixon has announced to use its re-appointment as sole contractor on Scape’s major works framework to create jobs and boost opportunities for local companies over the next four years.
Willmott Dixon estimates that under the previous Scape framework, where it was the incumbent contractor, local authorities saved a minimum of 14p in every £1 they spent on projects procured through Scape.
The construction company is planning to increase that saving to 20p in every £1, while ensuring 60 per cent of project budgets are spent on companies within a 20 mile radius of each Scape site, and raising employment and skills targets by 1,400 per cent.
Mark Robinson, CEO of Scape said: “Scape’s frameworks are becoming increasingly sought after with the number of public bodies using Scape’s services doubling over the last two years. It is important that this new framework focuses more than ever before on supporting local people and local businesses in a tough economic climate.”
Scape’s frameworks are worth £3 billion and over the last decade Scape has delivered over 1,200 projects on time and in budget for 250 public sector clients.
Scape specialises in providing a range of national and regional procurement frameworks enabling the UK public sector to procure construction services quicker and more efficiently, without having to go through lengthy and costly OJEU processes each time.
Scape’s new major works framework, which Willmott Dixon won after a seven-month re-procurement process, is expected to generate £1.25bn of construction work over the next four years. It comes as public sector budget cuts and reduced spending on capital projects put the spotlight on contractors generating even more value and efficiency in their construction output.
The benefits to clients of using Scape, including the reduced procurement time it brings, was underlined by Willmott Dixon delivering all 157 projects under the previous framework on time and in budget.
Finance Minister Jane Hutt outlined that the Welsh Government has delivered additional investment of around £1.1 billion in infrastructure projects across Wales by maximising the use of reduced capital budgets and by generating investment of around £750 million through innovative finance.
Jane Hutt said: “The £76.5 million of additional capital investment I am announcing today supports the priorities set out in the Wales Infrastructure Investment Plan for Growth and Jobs and ensures every Welsh pound is used to boost jobs and growth.
“The main benefits of investment are gained over the long term. But in present circumstances, the jobs created in constructing new infrastructure are vitally important, and this latest package is expected to support around 1,400 jobs during the construction phase.
“This significant package of investment clearly demonstrates our commitment to stimulating economic growth, creating jobs, mitigating the impact of the UK Government’s Welfare Reforms and reducing poverty in Wales.”
The multi-million package of investment to increase housing supply, including:
- An additional £20 million for the Social Housing Grant specifically to target investment in providing housing for individuals and families that may be adversely affected as a result of the UK Government’s reductions in Housing Benefit; and
- £10 million to expand the pilot of the Houses into Homes initiative to bring empty homes in Wales back into use.
- A £25 million package of investment in education to further accelerate the 21st Century Schools Programme.
- £11.5 million for a railway and station in Ebbw Vale town centre, as an initial element of a wider programme to create a more integrated transport network in South East Wales and support the City Region strategy. This investment will be a further boost to the regeneration of the local area.
- £10 million additional investment in the Flood and Coastal Risk Management Programme, to protect homes, businesses and communities from the risk of flooding.
What is your reaction to the increased infrastructure investment in Wales that will create new jobs and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
The Green Deal will give homes and businesses a new way of paying for energy efficient improvements, such as insulation and new heating systems.
The scheme is expected to support 60,000 jobs in the insulation sector by 2015, providing a real boost for the expanding market of energy efficiency products and the construction industry.
Mr Crabb said: “Thousands of homes across Britain are wasting energy and money because of poor energy efficiency, yet demand for measures to counter this remains low. The Green Deal gives people the opportunity to make this right.
“And today, we will see that it’s not just consumers that will benefit. The Green Deal is also great for business, creating a new market and new jobs.”
The Greendeal programme provides funding of up to £15,000 for each home which can be used to install one or more officially approved Greendeal measures.
Green Deal in numbers
- £125 million is available in the Government funded Cashback Scheme
- 8 million households could benefit from solid wall insulation
- 4 million households could benefit from cavity insulation
- 60,000 jobs are expected to be supported in the insulation sector alone by 2015 – up from 26,000 in 2011
- £3.5 million of funding to training in key Green Deal skills
- £270 a year could be saved if a typical three bedroom semi-detached house installed just solid wall insulation
- 38% of the UK’s total greenhouse gas emissions come from leaky buildings
Housing Minister Mark Prisk announced today that up to 10,000 new homes could be built by 2015 that will create new jobs and boost the trades.
The minister announced the first 45 projects to be taken forward using the £1 billion Build to Rent Fund which will provide equity finance to house builders and developers.
Mr Prisk said that the innovative new projects, a quarter of which are for London, will be the first step toward creating a more balanced rental market, driven by quality instead of demand.
The Build to Rent Fund is designed to help developers invest in homes built specifically for private rent by reducing the up-front risk in a relatively untested market.
A first round of projects will now receive a share of £700 million government investment package, with a second round of bids for the remaining fund expected to open later this year.
Projects going forward in this round have the potential to deliver between 8,000 and 10,000 homes, and include:
- Genesis Housing Association, with plans for new rental homes around London
- Place First, along with Together Housing Group, who will be building across Northern England
- Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country
Mr Prisk said that the varied mix of developers, from brand new organisations and small housing providers to long-established developers, will bring new blood into a market currently dominated by small-scale buy-to-let landlords, and will help to give tenants more choice when choosing a home in the future.
Housing Minister Mark Prisk said: “This government is determined to get Britain building, and the Build to Rent Fund is set to help us deliver, with up to 10,000 new homes to be built from these projects.
“We’ve seen overwhelming demand for the fund, and it’s become clear that there’s a real appetite for rental investment. We want to support that, which is why we’ve made a £1 billion Budget boost to the fund.
“Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.”
What is your reaction to the new £1bn build-to-rent fund that will deliver 10,000 new homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
The government has given the go-ahead for the building of Liverpool’s £425 million Royal University Hospital that will create 750 full-time construction jobs.
The multi-million development is set to employ local people, materials and services where possible to generate an additional £240 million for the local economy and boost the trades.
The Department for Health and the Treasury have approved the funding and the hospital is now assessing bids from two construction companies, Carillion and Horizon, that will design and build the hospital by 2017.
After the bidder is appointed, the hospital will obtain final planning permission and sign contracts, with building construction work expected to begin early next year.
Aidan Kehoe, chief executive, said: “I am delighted that we are now just weeks away from unveiling the design for our new hospital.
“The new Royal is at the very heart of our city and this is a significant step forward in the creation of our world-class hospital.
“It also brings us one step closer to the creation of the Liverpool BioCampus, which has the potential to transform the city, propelling us onto the world stage along with Boston and Singapore.”
What is your reaction to the £425 million funding for the building of new Royal Liverpool University Hospital that will create hundreds of construction jobs and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Small and medium sized businesses (SMEs) struggling to access finance received a boost today as the Business Secretary Vince Cable launched the first phase of the new business bank set to address long-standing gaps in the SME finance market.
The multi-million investment is the first deployment from the £1 billion of new capital allocated to the business bank in the 2012 Autumn Statement. It will build on the success of the Business Finance Partnership to leverage at least the same amount in private sector investment.
The focus is on promoting greater diversity of debt finance available to SMEs by encouraging the growth of smaller lenders and new entrants in the market. Investments will be made via new and existing lending channels on a commercial basis.
New research by the National Institute of Economic and Social Research (NIESR) highlights that SMEs have been disproportionately affected in their ability to access finance as a result of the contraction in bank lending since 2008.
Business Secretary Vince Cable said: “Small and medium sized businesses are still telling me that access to finance is their number one problem, preventing them from investing and growing. That’s why through the business bank we are developing a range of measures to provide businesses with the power to choose the type of finance that suits them.
“Today’s £300 million boost shows we are serious about increasing competition and diversity in the business lending market. Establishing a lasting business bank institution is a long-term project, but getting this money reaching SMEs as soon as possible is the first step.”
Scottish Hydro Electric Transmission has awarded four contracts worth £600 million to build new electricity substations in the north of Scotland set to create new jobs and boost the trades.
This multi-million development of the new substations are an integral part of SHE Transmission’s investment programme to heavily upgrade and reinforce the transmission network and will help facilitate the connection of more renewable generation in the north of Scotland.
Miller Quatro is a joint venture between Miller Construction and three Spanish companies, Sacyr Industrial, Isastur and Aditel known collectively as Quatro T & D.
Chris Webster, Chief Executive, Miller Construction, said: “We are delighted to have secured a place on this substation delivery framework. Miller Quatro is a new entrant to the market place and we are looking forward to working with our joint venture partners to contribute towards the delivery of infrastructure required to support the connection of renewables.”
Pedro Siguenza Hernandez Chief Executive Officer of Sacyr Industrial said: “This agreement provides a significant opportunity for the growth of our Miller Quatro joint venture. We are fully committed to contributing to our client’s successful development of this framework”.
Demand for connection to the transmission network from renewable developers has increased considerably, requiring significant change to its configuration and operation.
David Gardner, SSE’s Director of Transmission, said: “The award of these contracts, with some of the industry’s global experts will help deliver the infrastructure that is needed to support the connection of renewables, as well as providing a boost to the local communities where we are operating.”
What is your reaction to the new £600 million funding for Scotland that will kick-start the energy industry and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Business Secretary Vince Cable has launched a new £3 million funding scheme for East Anglia that will kick-start growth for small firms in the trades.
The New Anglia Local Enterprise Partnership is specifically aimed at helping firms that want to grow but have been held back by a lack of finance.
The £3 million fund will provide cash grants to businesses looking to expand their operations
and create new jobs. Funding for the scheme has come from the government’s Regional Growth Fund.
The fund will provide grants of up to 20%, between £25,000 and £100,000, to business that have a shortfall in their investment plan and are able to create at least one job for every £10,000 provided by the fund.
The Business Secretary launched the fund at Redpack in Norwich, a company which hopes to benefit from the new fund and expand its existing operations in the city.
Business Secretary Vince Cable said: “A lack of finance is one of the biggest barriers facing firms that want to grow. The government is already taking big steps to help companies bridge that gap and now, thanks to this new fund, businesses across East Anglia will get that helping hand they need.
“Through programmes like the New Anglia ‘Growing Business Fund’, the government’s Regional Growth Fund has supported around 1,200 small and medium sized companies across the country, helping them create jobs, increase skills and grow their business.”
What is your reaction to the new funding scheme for East Anglia that will kick-start growth for small businesses and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
CH2M Hill has announced to create 500 new trade jobs in a wide range of high-skilled engineering roles and boost the construction industry.
The new jobs will be created across CH2M Hill’s infrastructure divisions including nuclear; transportation, tunneling and earth engineering; water; environmental services and Industrial & Advanced Technology.
Alongside these new jobs, CH2M Hill will also be creating 40 graduate level positions, as well as offering 30 paid internships, bringing its total investment for the UK for 2013 to £65 million.
Business Secretary Vince Cable said: “The creation of 500 new jobs is a considerable investment into the UK market and is a great vote of confidence for the highly skilled engineers here in Britain.
“Building on our strengths in areas like manufacturing, including engineering, will be crucial to our economic success in the years ahead. Today’s announcement supports our aim of ensuring that the UK can compete with other economies at the highest level by raising the numbers of skilled engineers.”
The company is working on some of the most innovative and challenging infrastructure programmes in the UK including, High Speed 2, Crossrail, Thames Tideway Improvements and the decommissioning of Dounreay, the former fast reactor research centre.
Commenting on its UK investment plans, Lee McIntire, Chairman of CH2M Hill said: “Following the acquisition of Halcrow and its integration in to CH2M Hill over the last year, I am delighted to be able to announce this significant investment into the UK’s labour market with the creation of 500 new jobs this year across a range of high skilled engineering and technical roles.
“I am especially proud that we will be playing such a major role developing future British engineering talent with our graduate, apprenticeship and internship programmes.
The UK remains an attractive place to do business and today’s announcement reflects our commitment to the UK. With the British Government’s clear commitment to deliver new infrastructure and renew aging infrastructure, I am hopeful we will be able to build on this investment today in the years ahead.”
The pilot scheme will help small and sole trader construction businesses to secure credit from B&Q and Screwfix stores that will allow them to bid for bigger construction projects in the future.
Customers of B&Q TradePoint and Screwfix, part of the Kingfisher Group, can now apply for a credit account of up to £25,000, where previously they may have struggled to secure credit due to a lack of security or adequate credit history. Existing trade customers will be able to apply to extend their accounts for credit of up to £50,000.
Previously, these viable businesses would only have been eligible for credit of up to £3,000 from Screwfix or B&Q, making it harder for them to take on projects due to being unable to afford the upfront costs of the materials. Kingfisher is able to support the additional lending as a result of it being backed by a government guarantee.
The pilot is the result of work between the government and Kingfisher to adapt the existing Enterprise Finance Guarantee scheme to widen access to funding and provide alternatives to bank lending. Business Minister Michael Fallon will now be writing to other companies offering them an opportunity to take part in the pilot scheme and offer their customers access to this new source of finance.
Business Minister Michael Fallon said: “Builders and tradesmen are experiencing a real bottleneck when it comes to accessing credit, and projects are being held up unnecessarily. This pilot is an innovative attempt to make a real difference for the sector.
“Britain’s builders have a vital role to play in delivering growth in this country and we’re determined to get behind them.”
Ian Cheshire, Group Chief Executive of Kingfisher, said: “By piloting this new scheme we are backing Britain and backing the country’s professional tradesmen.
“Access to credit and control of cashflow is vital for smaller tradesmen, so we are pleased that Screwfix and B&Q will be able to make it easier for more of their trade customers to get credit through this innovative new scheme. By backing Britain’s tradesmen we can boost spending on the home and help get the economy moving again.”
The pilot allows Kingfisher to give credit to trade businesses it would normally have to turn away, by sharing the risk through providing government guarantees of 75 per cent on its lending. As well as allowing Kingfisher to lend to viable businesses outside its present risk profile, the scheme also allows it to lend more to existing businesses.
The pilot has been designed so there is no new administrative burden to Kingfisher. All credit decisions will be made by Kingfisher based on existing processes, and customers and frontline staff will see no difference to the trade credit application.
BAM Construction has been named preferred bidder for a £10 million contract that will see the building of two new primary schools in Sheffield.
The UK-wide contractor will build the schools in Shirecliffe and Fir Vale for Sheffield City Council, paving the way for new jobs in the construction industry and boosting the trades.
BAM is now working on designs to meet the requirements of the council ahead of a start on site in September 2013. Completion is scheduled for August 2014 so the schools can open at the start of the 2014/15 academic year.
Construction director Kelvin Pollard said: “We look forward to using our experience and skills to create two schools Sheffield can be proud of.
“These are important facilities for the city and we are delighted BAM has been chosen to deliver them.
“It is a great sign that BAM continues to be selected as a company trusted to deliver quality buildings at affordable prices through regional frameworks such as YORbuild.”
Councillor Jackie Drayton, Sheffield City Council’s cabinet member for children, young people and families, said: “Giving children the best possible start in their education is essential in helping them reach their full potential.
“Research has shown that children’s achievement at school can be improved by their surroundings. These new schools will provide desperately needed places and put well-designed facilities at the heart of the community. It’s great to hear that work will be starting soon.”
BAM has built a series of major education and health projects in Sheffield in the past ten years such as the Arts Tower and culminating in the laboratory rationalisation project for Sheffield Teaching Hospitals. On the border with Rotherham, BAM is delivering the new Advanced Blade Casting Facility for Rolls-Royce.
The Welsh Government has announced to launch its flagship mortgage guarantee scheme this summer that will boost the construction industry and create new jobs.
The NewBuy Cymru scheme will enable home buyers to access high loan value mortgages which will have a positive impact on the housing market and see the building of around 3,000 new homes across Wales.
The housing sector has widely welcomed the scheme which is set to provide significant employment opportunities in the trades. It is estimated that for every £1 spent on building houses, there is £1.40 generated in gross output across the economy as a whole.
Minister for Housing and Regeneration, Carl Sargeant, said: “NewBuy Cymru is not only good news for the Welsh economy but good news for families and individuals across Wales.
“We are all aware of the difficulties that people are having in either buying their first home or moving up the housing ladder. NewBuy Cymru will provide a helping hand in the shape of a mortgage guarantee to people that have been saving hard to put down a deposit for a new home.
“By helping to kick-start the housing sector it’s hoped that NewBuy Cymru will help tackle poverty and provide a welcome short in the arm to our economy.”
Executive Chairman of the Home Builders Federation, Stewart Baseley, said: “It is fantastic news for Wales that NewBuy is being launched. In recent years many people in Wales have been unable to buy a home because of the large deposits required to secure a mortgage.
“NewBuy will allow people to buy with a more realistic 5% deposit and so realise their dream of home ownership. Opening up the market will also allow builders to build more homes, so creating jobs and providing Wales with an economic boost.”
What is your reaction to the new NewBuy scheme in Wales that will see the building of new homes and boost the construction industry? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Pharmaceutical company AstraZeneca has announced plans to build £330 million research centre and corporate HQ in Cambridge that will pave the way for new jobs in the construction industry.
The move is part of the company’s proposals to create strategic global R&D centres in the UK, US and Sweden to improve pipeline productivity and to establish AstraZeneca as a global leader in biopharmaceutical innovation.
Focusing on the company’s UK-based activities at the new centre in Cambridge, the pharmaceutical giant will build on AstraZeneca’s world-leading protein engineering capabilities already based in the city, expanding its operations and boosting employment across a range of industries in the area.
Chief executive of AstraZeneca, Pascal Soriot, said: “Our proposed investment is a clear signal of AstraZeneca’s long-term commitment to the UK and highlights the important role Cambridge plays internationally in bioscience research.
“The Government’s Life Sciences Strategy and the meaningful policies they have put in place in recent years to encourage investment help make Britain an attractive location for biopharmaceutical research and development.
“Cambridge, which boasts strong links with London-based research institutions, is a world-renowned bioscience hotspot that rivals the likes of San Francisco and Boston.
“In a world where partnerships and collaborations drive medical progress, becoming an integral part of the Cambridge ecosystem offers compelling advantages for AstraZeneca, giving us easier access to leading-edge academic and industry networks, scientific talent and valuable partnering opportunities.
“I believe that the investment we are announcing today greatly increases the chances that the next generation of innovative medicines will be invented and manufactured in Britain.”
What is your reaction to the £330 million plan to build a new research and corporate centre in Cambridge that will boot the construction industry and the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Cornwall Council has committed to working with five different housing associations to deliver 1,200 new affordable homes in Cornwell over the next 4 years.
The Council has re-iterated its commitment to meet local housing needs as well as to create hundreds of construction jobs in the building industry and boost the trades.
Joining residents and representatives of Devon & Cornwall Housing (DCH) Cabinet Member for Housing and Planning, Mark Kaczmarek, said: “The Council works closely with a number of housing associations to deliver affordable homes for local people.
“The Council supports the delivery of new affordable housing through the planning process, and planning permission for this scheme was granted in 2010. Cornwall Council also provides funding towards the cost of new affordable housing, including a contribution of £55,000 to this specific scheme.
“But this is not the only investment we are making. Given the desperate housing shortage and the Council’s commitment to meeting local housing needs, the Council has agreed ambitious plans to match pound for pound Government investment in new homes.
“I am pleased to announce that the Council is signing contracts with five housing associations to deliver an additional 1,000 affordable homes in Cornwall over 4 years with investment totalling over £20 million. Few councils have made such a commitment.
“DCH is one of the Council’s key partners and today I am endorsing a contract with DCH which will see them commit to deliver 500 affordable homes for Cornwall. This is a Council fund, in addition to their own schemes and programmes funded through Government. The Council welcome DCH’s commitment and the ambition they are showing in working with us to meet Cornwall’s needs.”
Andy Moore, Chief Executive of Penwith Housing Association, part of DCH said: “There is a huge need for affordable housing across Cornwall. The delivery agreement with Cornwall Council is extremely important in providing vital new homes like the homes at St Stephen and we are pleased to be one of the partners working with them.”
The £2.6 million scheme in St Stephen, which was completed in January 2012, provides 18 homes for rent and 4 for shared ownership.
There are 9 x 2 bedroom homes, 10 x 3 bedroom homes, and 3 x 4-bedroom properties. Support came from a £1,350,000 investment from the Homes and Communities Agency (HCA) and a grant of £55,000 from Cornwall Council.
The group visited residents’ homes to see how living in their affordable housing has had a positive effect on their lives ensuring they were able to stay within the community where their families were based.
A recent report by Cambridge Econometrics found that UK GDP will be £20bn or 0.8 per cent higher in 2030 if wind is deployed rather than gas, with 70,000 more jobs created – but that investors needed certainty if we are to secure these benefits.
Ahead of a debate on the Energy, Enterprise and Tourism Committee’s report on the achievability of the Scottish Government’s renewable energy targets, Mr Ewing warned the UK coalition ministers’ mixed messages on energy policy and continuing uncertainty around Electricity Market Reform, including the lack of a decarbonisation target until at least 2016, is risking jobs, investment and economic growth.
The proposals outlined in the Energy Bill published in November 2012 lack measures to give investors confidence beyond 2020, putting the UK at a disadvantage compared to countries like Germany which has already set a clear target of 26GW from offshore wind by 2030.
Scotland would benefit in particular from an increase in offshore wind, as we have a quarter of the offshore wind potential in Europe.
Already, four international turbine manufacturers, Gamesa, Areva, Mitsubishi Power Systems and Samsung Heavy Industries have announced they intend to build turbine manufacturing plants in Scotland, creating an estimated 8,600 potential manufacturing jobs.
Energy Minister Fergus Ewing said: “Offshore wind has reached a watershed. The industry has enormous potential, and to realise this potential it is essential that investors have confidence.
“Over the past weeks I have spoken to many potential investors who say the uncertainty surrounding Electricity Market Reform is starting to affect their investment decisions.
“The time to reassure them is now. The UK Government must make clear their ongoing support for offshore wind and emulate the Scottish Government’s approach by setting a 2030 electricity decarbonisation target now, not in 2016 as planned under the Energy Bill..
“Offshore wind has the potential to raise UK GDP by 0.8 per cent, and we must seize this prize. The opportunities the industry present us – in terms of jobs, investment, stabilizing energy bills and reducing our carbon output – are too valuable to risk.”
What is your reaction to the support by the Scotland’s Energy Minister to boost the renewable industry and create thousands of renewable jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Prime Minister David Cameron has arrived on a three-day British trade delegation in India set to win investment and create thousands of new jobs.
In what looks like the largest UK trade delegation to visit India, the Prime Minister is accompanied by more than 100 business representatives, including senior staff from Rolls-Royce, BAE Systems and BP, that are hoping to build long-term partnerships and double exports to the country by 2015.
In 2010, the UK attracted 97 new projects from India generating 6,096 jobs. It is estimated that 700 out of 1200 Indian firms in the European Union operate from the UK.
It is forecast that India will spend $1 trillion in the next five years on infrastructure and Britain is hoping its building construction firms to win some of those contracts. The Prime Minister’s trade delegation also includes 30 small and medium-sized firms.
Speaking at Unilever’s Mumbai HQ, Mr Cameron said: “India’s rise is going to be one of the great phenomena of this century and it is incredibly impressive to see.”
“Britain wants to be your partner of choice. We’ve only just started on the sort of partnership that we could build. As far as I’m concerned, the sky is the limit.”
Between 2001 and 2011, UK goods and services imports from India rose by 220 per cent while exports to India rose by 240 per cent.
Over the same period, India became a more important trading partner for the UK, with a significant rise in total UK exports and imports.
The Prime Minister has blogged on LinkedIn about why he sees British trade delegations as a vital part of his job. Read it from here.
What is your reaction to the trade delegation led by Prime Minister David Cameron to build long-term partnerships, create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Heathrow Airport has announced plans to invest a further £3 billion in improving its infrastructure which will boost the building industry and create new jobs.
The announcement forms part of the airport’s business plan which represents one of the largest private-sector investments in UK infrastructure.
The plans include the completion of Terminal 2 and the early works on extending the building. It will see the development of integrated baggage system and the construction of new taxiways.
Heathrow chief executive Colin Matthews said: “Heathrow is the UK’s only hub airport and a strategically important national infrastructure asset.”
“Heathrow faces stiff competition from other European hubs and we must continue to improve the service we offers passengers and airlines.”
“We have invested billions of pounds in new facilities such as Terminal 5 in recent years and passengers say they have noticed the difference.”
“Our plan for a further £3 billion of private-sector investment will further improve the airport for passengers. The plan represents good value for money for airlines and passengers and comes at no cost to taxpayers.”
Heathrow will open the new Terminal 2 in 2014. The subsequent move of airlines into the new terminal allows the closure of Terminal 1 in 2016. By 2019 work will already have started on extending Terminal 2.
Since 2003, Heathrow has invested £11 billion in the airport. Investment includes the construction of Terminal 5, a new Terminal 2 due to open in 2014, new baggage tunnels, and the refurbishment of Terminals 3 & 4.
Work is due to start for the building of 288 new homes in Croydon after Legal & General received planning permission to transform Nestlé’s former Croydon headquarters into flats.
The financial investment company was given planning permission for the St George’s House scheme in Croydon that will create new jobs and boost the trades.
Jason Perry, cabinet member for planning, regeneration and transport, said: “This exciting plan matches the council’s vision for transforming the town centre into a place to live as well as to work, shop and socialise.
“It’s a significant leap forward in the council’s strategy for regenerating the town centre, refreshing its 1960s streetscape and boosting the economic growth of the borough.”
Charlie Walker, director at Legal & General Property, said: “Last night’s decision marks an important step forward for Croydon and is a strong testament to the hard work we have put in over the past year to ensuring our proposals not only complement the existing qualities of the borough but contribute to its wider regeneration, enhancing its position as a desirable residential location.
“We believe that not only will this scheme deliver much needed high quality residential accommodation to the very centre of town, but should bring a new lease of life to the area by significantly improving the public realm, creating a more accessible and attractive civic space for residents and visitors to enjoy.”
Legal & Generals plans include community and retail space at ground level and a roof top garden area that will be environmentally sustainable.
There will also be 160 car parking and 313 secure cycle spaces and a café on the corner of Park Street and Park Lane.
The planning committee granted permission to the scheme less than seven months after being presented with the pre-application enquiry.
Outline planning proposals for the development of Triton Knoll windfarm in Lincolnshire have been revealed, paving the way for new jobs in the building industry.
Offshore wind farms provide enormous economic benefits during their construction both through direct job creation and through the wider supply chain.
It has been estimated that the Triton Knoll windfarm will see the creation of around 500 jobs during the different construction phases, each phase exceeding significant multi-million investment.
Developer RWE has invested over £10 million in the Triton Knoll project since 2003, the vast majority of which has been in support of the UK renewable energy.
There are currently approximately 25 people directly employed on Triton Knoll by RWE. Over 50 consultancy contracts, with a total value of approximately £3 million, have been awarded leading to many more people working on the project.
Over the next year further work will be available which will attract a further additional investment, requiring experienced contractors for the UK offshore renewable energy industry.
Project Manager for Triton Knoll, Jacob Hain, revealed that RWE was planning to use Alternating Current (AC) technology to transmit the power from the wind farm to the national grid, instead of High Voltage Direct Current (HVDC).
Mr hain said: “Our consultation will allow us to gather local knowledge and help communities to influence the proposals and have their say,”
“We are also now able to show the underground ‘cable corridors’ for the cables which will carry the electricity from where it comes to shore in the vicinity of Anderby Creek between the compound and the substation and to the national grid connection point.”
What is your reaction to the development of Triton Knoll windfarm in Lincolnshire which is set to create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Bill Oliver, chief Executive of St. Modwen, said: “This is an incredibly exciting project and one that complements our extensive experience in regenerating complex sites.
“We are very pleased to have agreed terms and look forward to engaging with Swansea University, Neath Port Talbot Council and other stakeholders to progress the delivery of this substantial and strategic development.”
The first phase of this scheme, which received detailed planning permission in December 2012 from Neath Port Talbot County Borough Council, will comprise 700,000 sq ft of development including 430,000 sq ft of academic space as well as 900 student apartments.
This will deliver world-leading research, innovation and education facilities for Swansea. St. Modwen expects to start on site in April 2013.
The Leader of Neath Port Talbot Council, Councillor Ali Thomas, said: ‘‘This project will provide a considerable economic boost not just for Neath Port Talbot but for the wider region.
“It will support the growth of highly skilled jobs and knowledge-driven businesses and is an exciting and outstanding example of the major new developments which the Fabian Way Corridor is attracting. I look forward to watching it progress.’’
The University has already secured funding from the European Investment Bank and the Welsh Government while St Modwen has secured the investment sale of 50% of the student accommodation to a major institutional investor.
An outline planning permission is already in place for future development phases which will be in excess of £300 million in value.
The HCA has devised the plan at Kings Dock which will boost the local economy and enhance opportunities for existing and future trade professionals.
The new development will also create a pleasant neighbourhood with attractive public squares allowing access to the water space.
Liverpool City Council’s Cabinet Member for Regeneration, Councillor Malcolm Kennedy, said: “This is an important piece of work, which will guide the future development of Kings Dock.
“It supports our recently launched Strategic Investment Framework for the city centre, which includes plans to drive forward the regeneration of the waterfront, increasing visitor numbers, boosting our economy and creating jobs.”
The new masterplan builds on the successful first stage of development of the northern half of the Kings Waterfront site that is home to the world class Arena and Convention Centre Liverpool, hotels, restaurants, multi-storey car park and apartments.
Deborah McLaughlin, HCA Executive Director for the North West, said: “The masterplan has been designed to help continue the transformation of Liverpool into one of the UK’s most business and enterprise-friendly cities and position the city as an international conference and events destination.
“The proposals are wide-ranging to ensure that the emerging development framework is relevant, realistic and deliverable in the current economic climate. As landowner, the HCA is committed to ensuring that the Kings Dock contributes hugely to the prosperity of Liverpool.”
The European Investment Bank has approved up to £100 million of financing which will kick-start building and construction work in the summer of 2013.
Julia Kennedy, associate director at Scottish Futures Trust (SFT) who has been supporting the college through the procurement process, said: “Construction is planned to start later this year and will act as an enormous boost to local small and medium enterprises working within the building sector and related supply chains thanks to the preferred bidder’s commitment to supporting local employment and training.”
Douglas Baillie, Chair of the College Board said: “Selecting the preferred bidder is yet another major milestone in our continuing success.
“The announcement is proof of what we can achieve as a beacon of excellence and it is with great excitement and energy that we look ahead to the next chapter in the life of this great college.
“Enhancing our diverse and talented student learning community with brand new, bespoke facilities underlines our passion for learning and desire to meet the needs of Glasgow’s and Scotland’s employers and the wider civic community.”
Both campuses have been designed by Reiach and Hall and Michael Laird Architects. The College represents the single largest estates investment in the educational sector in Scotland and will help transform the city centre landscape for generations to come.
High Speed Two Ltd (HS2), the company planning and building Britain’s high-speed rail network is going to recruit local property management companies along the route between London and Leeds to boost the trades and create new jobs.
HS2 is seeking expressions of interest to provide both local as well as wider national expertise in valuation services; estate services; property management and in both urban regeneration and commercial development.
The aim of this is to spread the economic benefits of planning and building the new railway across the country from the earliest opportunity and boost the economy.
Local firms will be able to add to HS2’s knowledge and provide focused local expertise about the area in which they are based and boost confidence among local people.
Commenting, HS2 Ltd.’s Head of Land & Property, Liz Hirst, said: “We are looking for firms with local and national expertise who can help us with property management, surveying, valuation, development and regeneration services.
“We want to create opportunities for local and small business contractors and we are interested in learning more about both large and small companies with the skills that will be needed on HS2.”
An Official Journal of the European Union contract notice has been published inviting expressions of interest for the HS2 Ltd Land and Property Professional Services Framework.
Morgan Sindall has won a £11.5 million contract to construct the principal commercial research and development building at Norwich Research Park.
The project is due to complete in March 2014 and will see around 80 people from the local area working on site at the peak of construction.
The development is on track to achieve a Building Research Establishment Environmental Assessment Method (BREEAM) rating of Excellent.
The four-storey building will provide 4,000 sq m of high quality facilities including laboratory and office space, a business centre and formal and informal meeting rooms.
The Centrum building will also include a restaurant and café, a breakout area and exhibition and circulation space. These social and formal spaces will provide a platform to enable the business community to interact with researchers on the Norwich Research Park.
Alan Giles, Project Director – Norwich Research Park, said “We are pleased to award Morgan Sindall this contract after a rigorous OJEU tender process. This is an important milestone in the development of the Research Park and the Centrum building will be the focal point for business and research to come together.
“Centrum will provide additional commercial laboratory and office accommodation for more established companies wishing to locate to Norwich Research Park. For companies already on the Park, it will provide them with the grow-on space in which to further expand their business.”
The development forms a key part of ‘Project 26′, which refers to the £26 million funding awarded through the Biotechnology and Biological Sciences Research Council (BBSRC) in the 2011 Government Budget. The funding has been awarded to Norwich Research Park to improve the Park’s IT infrastructure, road network and provide new flagship buildings.
The Centrum development will be located centrally on the Norwich Research Park adjacent to the existing Recreation Centre and Conference Centre on the John Innes Centre site. It will provide a hub for the local science and business community, and will also facilitate collaboration amongst the Research Park’s occupants.
With over 30 rep cent additional housing investment this year, compared to the 2011 Spending Review, the building construction sector is set to benefit from the recent funding which could create new jobs and boost the trades.
Decisions on the allocation of another £50 million investment package for the housing industry are expected to be announced later this month.
Speaking ahead of a debate on the Scottish Government’s Budget Bill, Finance Secretary John Swinney said: “The Scottish Government has been absolutely clear that we aim to deliver at least 30,000 affordable homes during the lifetime of this parliament and this funding will help ensure this commitment will be met.
“Despite Westminster cuts to our capital budgets the Scottish Government is delivering just as much new social housing – and more new affordable housing – as in the period up to 2007 when budgets were rising every year.
“The extra £50 million is our fourth tranche of extra housing spending announced over the last year, and is in addition to announcements made in February, June and September.
“The overall increase totals almost £200 million over the spending review period – demonstrating that where we have an opportunity to invest, this Government does exactly that.
“Housing is just one element of the Budget Bill which will be debated in Parliament this week. Parliament will be debating a Budget for Scotland’s economy. This Government is doing everything within its limited power to protect households, business and front line services, and this Budget provides further investment in construction, skills and the green economy.
“We are investing money to create and maintain jobs. Increased support for affordable homes will provide a much needed boost to the construction industry as well as improving the lives of the families who live in them.
“We are providing an immediate capital stimulus through support for shovel ready projects and we are helping businesses with a tax relief package worth over £540 million this year.
“This has to be seen against a 26 per cent real terms cut by the UK Coalition Government to Scotland’s capital budget in a failed attempt to reduce public sector borrowing.
“We have listened to the Scottish Parliament by bringing forward further investment in housing and we will continue to work with all parties to deliver a budget for growth.
“Only with the full levers of independence can Scotland properly capture economic opportunity and tackle inequality and poverty and we can do so more efficiently and effectively than currently happens in the UK.”
The Quebec Barracks site will see 100 new homes built and employment space for up to 100 new jobs created as result of a £3 million investment for East Hampshire.
The funding will transform the former barracks into a high quality sustainable neighbourhood as part of the ambitious Whitehill & Bordon Eco-town project.
The overall plan for the regeneration of the town is set to build 4,000 environmentally sustainable homes and create 5,500 jobs.
The new homes will meet official zero carbon standards and be attractively designed to set the benchmark for new homes in the rest of the town.
“The homes will be built to a much higher standard than originally envisaged, which will raise the bar in terms of the development of the rest of the project and act as a catalyst for lasting change here. There is a lot of work that needs to be done over the next year, but it is exciting to have got to this stage and see that progress is going to happen in the months ahead.”
Cllr Glynis Watts, East Hampshire District Council’s Deputy Leader and Portfolio Holder for Whitehill and Bordon, said: “This investment is a great step forward for the town. The focus of this and future development is on enabling residents to have a really good quality of life.
“The homes that will be built will meet local aspirations because they will be attractive, cheap to run and in a great environment. We are going to pull out all the stops to make this something really special.”
John Walker, the Independent Chairman of the Whitehill & Bordon Eco-town Delivery Board, said: “The regeneration of Quebec Barracks is a small example of what we are trying to achieve across the town.
“Our aim is to deliver exceptionally good design that sets the standard for future Eco-town development. This is a tremendous opportunity to create a really attractive and sought-after place to live and work.”
What is your reaction to the new funding announced by the Homes and Community Agency that will create new jobs and build new homes? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Lend Lease, the integrated property and Infrastructure Company, will work with the Council to deliver a masterplan that will see the creation of one of the largest new housing developments in London.
By 2025, the scheme is expected to deliver 2,500 new homes, shops, restaurants and community facilities, paving the way for over 6,000 new jobs in the construction industry.
Mark Dickinson, Managing Director of Lend Lease’s Development business in EMEA, said: “The £1.5bn regeneration of Elephant & Castle is now underway.
“The approval of our masterplan vision sets in motion our long-term plans and our commitment to the area. We’ve set out our blueprint for the future but there is a lot of detailed work to undertake and we’ll continue working with the community at every step.
“At the heart of everything we do is the desire to create a sustainable place to live. A truly sustainable environment needs to bring economic benefits, support business growth and local job creation.”
The new neighbourhood will be a low carbon energy development and the masterplan is currently one of just 18 global projects to be accepted as part of the Clinton Climate Positive Development Programme, designed to showcase and support large-scale urban projects that are ‘climate positive’.
There will also be significant improvements and investment in public transport, along with new pedestrian and cycle paths that will create one of the best connected locations in London.
Chancellor Peter John, Leader of Southwark Council, said: “We now have the opportunity, working with local people and our partners Lend Lease, to continue the transformation of the area as a place where people want to live, work, shop and relax.
“The regeneration of Elephant & Castle will take time, but this announcement, and the starting of work on a brand new leisure centre, are all crucial steps towards a greener, safer and more attractive place in central London that people will be proud to call their home.
“It is so exciting to see this vital project gain momentum so that people will finally begin to see those much needed improvements being made on the ground.”
As part of the Regional Growth Fund, Deputy Prime Minister Nick Clegg has announced a £350 million cash pot that will create new jobs and boost the trades.
The Regional Growth Fund is a £2.6 billion fund operating across England from 2011 to 2016. It supports projects and programmes that lever private sector investment to create economic growth and sustainable employment.
The first three rounds will leverage over £13 billion of private sector investment and create or safeguard over 500,000 jobs.
Deputy Prime Minister Nick Clegg said: “The Regional Growth Fund is already proving a shrewd investment by providing a welcome boost to jobs and growth across the country, with thousands of jobs created, businesses expanding into new markets and manufacturing new products. With this next round of funding, I would urge England’s budding businesses to produce top quality bids to access the money that can help them grow.
“There’ll be stiff competition, and we can only invest in those projects that will lead to sustainable jobs and the best value for money.
“Boosting jobs and growth is our number one priority for Britain right now. That is why I am so pleased to be opening a fourth round of the Regional Growth Fund which supports growth across a range of industries.”
Business Secretary Vince Cable said: “The additional £350 million for the Regional Growth Fund is a big boost for those parts of the country facing structural problems.
“The fund has already supported a variety of industries – from motor vehicles to life sciences. This goes hand in hand with our industrial strategy.
“But it’s not just about big industry and household names. To date we have supported over a thousand SMEs through Regional Growth Fund programmes which is giving small business the impetus to expand, employ more staff or start exporting.
“This is the Government’s commitment to growth in action to encourage investment and lead to a more balanced economy.”
What is your reaction to the new funding announced by the Deputy Prime Minister Nick Clegg that will create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
A £50 million funding package will see an empty building in Glasgow City Centre transformed into high quality retail and office space, creating 250 new constructing jobs and boosting the trades.
From January, construction work will get underway at 110 Queen Street – a former bank – to create 143,000 sq ft of Grade A offices and 20,000 sq ft of retail space accommodating up to 1,500 workers.
The project, which is being developed and built by BAM, will receive a £9.6 million loan from the Scottish Partnership for Regeneration in Urban Centres (SPRUCE) Fund, which has been established with Scottish Government and European Regional Development Fund money.
The news of the development comes after a recent research report published by Ryden outlined a demand in Glasgow for new office space to enable it to compete effectively with other UK regional cities.
Speaking after making the announcement at the Queen Street site, Deputy First Minister Nicola Sturgeon said: “Significant city centre developments like today’s £50 million boost for Glasgow are central to stimulating economic growth across Scotland.
“This is absolutely imperative in these tough economic times. It is vital that we support opportunities for new business to help create new jobs and also encourage inward investment to Scotland.
“The transformation of this building, due for completion in 2015, will provide much needed high spec office space for Glasgow, which will enable it to compete more effectively with other large cities – and help to attract companies from across the globe.”
John Burke, Executive Director, BAM Construct UK, said: “This is terrific news for Glasgow and the wider construction sector, and is testament to the confidence investors have that BAM can deliver the largest office development to be built outside of London in a number of years.
“BAM is also investing £40.4m in this project which will generate spin-off economic activity, both short and long term in the construction sector and supply chain as well as a number of new apprenticeships. The team is keen to get started and will be moving on site on 7 January.
“It is our firm belief that this significant development will give Glasgow a competitive advantage by providing new quality office space, which is scarce, to established companies looking for long term growth, and help to attract inward investors to the city”.
Initially, Carillion will advise on how to best to carry out a £10 million programme of extensive concrete repairs to the roof and walls of both tunnel bores.
The Council says the Woodhouse Tunnel is suffering severe concrete damage and deterioration as a result of prolonged, extensive chloride ingress from winter de-icing salts.
The damage is so severe that the structural capacity of components is now being affected.
The tunnel needs extensive concrete repairs to the roof and walls of both tunnel bores and strengthening for vehicle impact loading to the area of the tunnel supporting the Leeds General Infirmary buildings.
Strengthening work for vehicle impact loading and protection to the rest of the tunnel will be also required.
Developers have submitted plans to build hundreds of homes and a new Sainsbury’s superstore near Haverfordwest in Pembrokeshire that will pave the way for new jobs in the trades.
Investment company Conygar which owns 93 acres of land off Thomas Parry Way near the town centre, has applied to Pembrokeshire County Council for planning permission to build 835 residential properties and a 60,000 square foot Sainsbury’s retail food store.
A further application has been submitted which envisages the re-development of the riverside area of the town centre near to the main development. This mixed-use development would see offices and residential units above a row of new shops and create 74,000 square feet of retail, office and residential space.
Robert Ware, Chief Executive of Conygar said: “This is further evidence of Conygar’s confidence in Pembrokeshire as an excellent place to live and work. We believe these schemes will rejuvenate the town centre and its attractions as a regional shopping centre.
“The 93 acre site currently has outline consent for residential development, a primary school and other facilities as well as providing for improvements to the roads in the area and the proposal accommodates a new superstore at the corner of the site nearest to the town centre and is a vital catalyst to development at the site to bring the residential development forward.
“We believe our proposals will bring an excellent new store providing the public with quality and choice close to the town centre and the innovative scheme will provide a strong link to the existing shopping streets. It will also provide the most modern retail units to attract top quality retailers back to the town.”
Morgan Sindall is set to start work on the construction of six primary schools in South Lanarkshire, paving the way for new jobs and boosting the building industry.
The firm is about to start the latest phase in the £150 million Primary School Modernisation Programme in the region that would provide employment opportunities in the trades. .
Work is set to start imminently on the new £4.8 million Carstairs Village Primary School campus on Avenue Road as well as the new £4.6 million Carstairs Junction Primary School on Coronation Street.
Both schools are due to complete in summer 2013 and have been designed to give children a top specification learning environment using sustainable green technology such as biomass boilers.
The other schools to be constructed by Morgan Sindall in the second tranche of Phase 2 of the building programme are Woodside Primary School, Newton Primary School, Machanhill Primary School and Forth Primary School.
South Lanarkshire Council appointed Morgan Sindall to its Primary School Modernisation Programme in 2007. The construction firm is working with two others in constructing 30 primary schools over a four year period; with an anticipated total spend of up to £150 million.
It is part of South Lanarkshire Council’s wider £812 million Schools Modernisation Programme which will rebuild all 129 of the area’s primary schools by 2016.
The framework provides a simple transparent process to manage and deliver primary school construction projects across South Lanarkshire.
Eddie Carr, area director for Morgan Sindall in Scotland, says: “We are delighted to be starting work on another portion of activity as part of the South Lanarkshire Primary School Modernisation Programme.
“Our appointment to the framework is a real reflection of our experience and expertise in the sector, which follows our work on 19 secondary schools for the same Council as part of their £320 million Schools Modernisation Programme which completed in 2009.”
Updates on the projects and programme for the schools can be found at the dedicated South Lanarkshire Council website.
The 140,000 sq ft leisure scheme in Feethams, Darlington, will be anchored by a nine screen multiplex cinema and include an 80-bedroom hotel, as well as a number of restaurants, bars and shops.
Terrace Hill has secured an agreement with VUE Entertainment to operate the cinema, and is in advanced discussions with Whitbread who want to operate the 80-bedroom Premier Inn hotel.
The property group has already received strong interest from a number of national restaurant and leisure chains. At present, the operators are not represented in the town, with the multi-million scheme providing an opportunity to bring their brand to Darlington and help the local economy.
Philip Leech, Chief Executive of Terrace Hill, said: “Having made the strategic decision to increase Terrace Hill’s focus on development, thereby better utilising our core expertise, we are very pleased to have been appointed by Darlington Borough Council to develop this important new scheme.
Councillor Bill Dixon, leader of Darlington Borough Council said: “This is excellent news for the Borough. There has been a lot of detailed negotiation around this development and I believe that the Council has chosen the best scheme for the site.
“The news is clear evidence that Darlington can attract a first class development of this kind and that there is confidence in the business world in what the Borough has to offer. Once complete it will be a welcome addition to the already strong culture and leisure offer in the town centre.”
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