Construction news

ISG collapse brings down lighting specialist

25-10-2024 14:37 via constructionenquirer.com

The collapse of ISG is being blamed for the fall into administration of a specialist lighting contractor.
Forvis Mazars has been appointed as Joint Administrator of Cheltenham-based Seventynine Lighting Ltd which has been in business since 2006.
The company has worked on a string of retail and commercial fit-outs as a lighting design and installation subcontractor.Following the insolvency of ISG in September 2024 Seventynine found itself with £2m in bad debt and its largest customer no lon

Read more
Six towns and cities to pilot clean heat networks

25-10-2024 08:48 via constructionenquirer.com

Six towns and cities have been selected to develop the country’s first heat network zones.
The selected places will now draw up plans to recycle excess heat – generated for example by data centres or from factories – to enable the heating of surrounding buildings.
The ground-breaking schemes in Leeds, Plymouth, Bristol, Stockport, Sheffield, and two in London will receive a share of nearly £6m of government funding to develop pilot plans.Construction is expected to start

Read more
Rail civil servant to head Palace of Westminster restoration

25-10-2024 08:10 via constructionenquirer.com

A rail infrastructure civil servant has been named as the new chief to steer the Restoration and Renewal Programme for the Palace of Westminster.
Russ MacMillan, a chartered mechanical engineer, is currently Director for Rail Infrastructure North and West at the Department for Transport where he is responsible for a £20bn portfolio of capital investment across Wales and the North and West of England.
As new chief executive of the Delivery Authority for both Houses of Parliament, he will le

Read more
Debt rule change to salvage infrastructure spending plans

25-10-2024 00:33 via constructionenquirer.com

Chancellor Rachel Reeve has confirmed the Government will make a technical change to the way debt is measured to release billions to boost infrastructure investment.
The wider debt measure is expected to allow for up to £50bn more borrowing to invest in big projects in roads, railways or hospitals.
Under previous government spending commitments investment was due to fall from 2.6% of the share of the economy in 2023 to 1.7% by 2028-29, or £20bn a year in cash terms.The move comes as

Read more
Advertisement
Debt rule change to salvage infrastructure spend plans

25-10-2024 00:33 via constructionenquirer.com

Chancellor Rachel Reeve has confirmed the Government will make a technical change to the way debt is measured to release billions to boost infrastructure investment.
The wider debt measure is expected to allow for up to £50bn more borrowing to invest in big projects in roads, railways or hospitals.
Under previous government spending commitments investment was due to fall from 2.6% of the share of the economy in 2023 to 1.7% by 2028-29, or £20bn a year in cash terms.The move comes as

Read more