Public Sector

Issue 3 2016

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Education Pg 10-13 Health Pg 8 Social Housing Pg 14 Urban Regeneration Pg 15 Issue 3 2016 n News n Health n Education n Social Housing n Urban Regeneration Public Sector READER ENQUIRY 1 building specification INFRASTRUCTURE CONSTRUCTION HALTED DURING 2016 With the first full month o f p o s t - B r e x i t f i g u r e s in the books it was the infrastructure sector that experienced a decline, with the value of contracts for July decreasing to £1.5 billion, a drop of 20 per cent compared to June based on a three month rolling average. According to the August edition of the Economic & Construction Market Review from industry analysts Barbour ABI, construction new orders were down to £5.8 billion in July, a month on month drop of £400 million. Along with infrastructure, the other prominent sector in construction was residential, which saw a decrease of seven per cent in contract value and a drop of 2,000 units compared to the previous month. However it wasn't all doom and gloom for the industry, as the value of contracts for commercial office construction in July increased by 22 per cent compared with June, worth a total of £648 million on the month. £250 million of that total came from the West Midlands development Paradise Circus, an eight storey office block. The Industrial sector also performed well in July with its value the highest it's been so far in 2016, reaching £564m, greatly helped by the commissioning of Reckitt Benckiser £100 million new global centre for scientific excellence in Kingston upon Hull. Commenting on the figures, Michael Dall, lead economist at Barbour ABI, said: "In the first full month since the vote to leave the European Union, the value of construction projects reaching contract award stage declined in July. This is unsurprising given the uncertainty in the economy. "However, it is the infrastructure sector which has performed particularly poorly this month and with the change in narrative from the current Government, it puts more emphasis on any fiscal stimulus that they may be planning to make." SOCIAL HOUSING SECTOR REMAINS STRONG The social housing sector remains in a strong financial position with access to sufficient finance, according to the latest quarterly survey published by the Homes and Communities Agency. The 2016 to 2017 Q1 survey covers the period 1 April to 30 June 2016, and includes forecasts up to 30 June 2017. The quarterly survey is one of the ways in which the regulator monitors and reports on the financial health of the sector as part of its robust approach to supporting the sector's financial viability, helping to support providers' contribution to new housing supply. Jonathan Walters, Deputy Director of Regulation at the HCA, said: "Given the events at the end of June it is encouraging to see that the sector is well placed to respond to any changes in the wider economic environment. The survey results also demonstrate continued investor confidence in the sector. "As regulator, we initially concentrated on the short term impact of Brexit on the viability and liquidity of providers. With the swap curve dropping to D R SERVICES TRANSFORMS HOSPITAL'S CENTRE D R Services, a specialist in innovative glass structures and fittings, has completed a prestigious project at The Fetal Medical Centre at King's College Hospital in Denmark Hill – displaying the company's pioneering prowess in all things glass. The £500,000 contract comprises computer controlled LED mood light walls, fire screens, theatre screens, examination rooms, privacy screens, glas-marte balustrade glazing and lift shafts A new website outlines the visionary products and services on offer from D R Services and is full of i n f o r m a t i o n a n d i m a g e s ; from consultation and advice right through to design and structure. an historic low, associations with stand-alone interest derivatives were required to put additional cash and security in place. Thankfully, everyone appears to have negotiated these issues, and where we sought assurances from providers we were comforted by the robustness of the response and the contingency plans in place. "In the longer term one of the key variables will be the state of the housing market. With an 18 month delivery pipeline that includes over 27,000 affordable home ownership and outright sale homes, the regulator will continue to monitor sales forecasts and we expect providers to manage their development pipelines carefully." Piccadilly House, 49, Piccadilly Gardens, Manchester, M1 2AP T: 0161 212 1617 | E: | Langford Direct Ltd • Ideal for cycle tracks buggy paths, car parks etc. • Minimal ground works, arborist approved • Flexible to 90 degrees- uses recycled tyres • Developed for low cost installation • Nationwide coverage •10 year permeability guarantee • Up to 4 BREEAM credits-uses recycled materials • Freeze thaw safe - no delamination • SUDs compliant - completely porous • Cost effective - low maintenance • No need for tarmac or concrete sub base • No drainage required • Nationwide coverage New cycle super highway and footpath in London Market leading 20 year guarantee

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