Construction news

• Five road schemes worth £1.3bn axed

  30-10-2024 22:04 via constructionenquirer.com
  
  The Chancellor revealed in the Budget that five major roads schemes costing over £1.3bn have been scrapped after failing a further value for money test.
  The latest clutch of projects to be cancelled deals another blow to civil engineering contractors following the cancellation of the £1.7bn A303 Stonehenge tunnel and £350m A27 Arundel bypass in West Sussex.Cancelled projects
  Port of Liverpool access: A5036 Princess Way – cost up to £335m
  A358 Taunton to Southfields
  
  Read more

• Chancellor to fund HS2 tunnel to Euston

  30-10-2024 15:27 via constructionenquirer.com
  
  Chancellor Rachel Reeve has confirmed funding to kickstart HS2 tunnelling  from Old Oak Common to Euston in a package of measures to invest in infrastructure.
  The Chancellor also committed an extra £700m for school building next year and £1bn to tackle the backlog of repairs and upgrades at the country’s hospitals.
  Reeves also said committed to releasing an extra £500m to deliver 5,000 more new affordable homes.The cash would be a top-up to the existing Affordable Ho
  
  Read more

• Budget: Chancellor to fund HS2 tunnels to Euston

  30-10-2024 15:27 via constructionenquirer.com
  
  Chancellor Rachel Reeves has confirmed funding to kickstart HS2 tunnelling from Old Oak Common to Euston in a package of measures to ramp up investment in infrastructure.
  The Chancellor also committed an extra £700m for school building next year and £1bn to tackle the backlog of repairs and upgrades at the country’s hospitals.
  Reeves also confirmed an already trailed extra £500m to deliver 5,000 more new affordable homes.The cash would be a top-up to the existing Affordab
  
  Read more

• Budget: Chancellor to fund HS2 tunnel to Euston

  30-10-2024 15:27 via constructionenquirer.com
  
  Chancellor Rachel Reeves has confirmed funding to kickstart HS2 tunnelling from Old Oak Common to Euston in a package of measures to ramp up investment in infrastructure.
  The Chancellor also committed an extra £700m for school building next year and £1bn to tackle the backlog of repairs and upgrades at the country’s hospitals.
  Reeves also confirmed an already trailed extra £500m to deliver 5,000 more new affordable homes.The cash would be a top-up to the existing Affordab
  
  Read more

• Advertisement

• Wates hires former ISG fit-out chief to lead new team

  30-10-2024 13:37 via constructionenquirer.com
  
  Wates has appointed Lee Phillips to head up a new team for Wates, focusing on commercial fit-out in London.
  The appointment expands Wates’ service offer in fit-out and refurbishment and positions the company for growth in this market.
  Phillips joins as a managing director and is building a specialist team with the expertise to deliver high-quality Category A and B fit-outs.
  He brings with him more than 30 years’ experience within the fit-out sector.In his previous role as managing di
  
  Read more

• VINCI Construction swoops for FM Conway

  30-10-2024 09:12 via constructionenquirer.com
  
  French construction giant Vinci Construction has struck a deal to buy civil engineering contractor FM Conway.
  The Kent-based £580m turnover business employs around 2,000 staff specialising in roadworks, civil engineering, asphalt and binders’ production as well as a range of specialist businesses covering water and drainage management, lighting, cabling and traffic management.
  VINCI said the integration of FM Conway would strengthen its position in the dynamic south-east England mark
  
  Read more

• Councils get £68m to clear brownfield sites

  30-10-2024 08:41 via constructionenquirer.com
  
  Councils across the country have been promised £68m to clear brownfield sites for new housing.
  The cash will allow 54 councils to clear empty buildings, former car parks and industrial land to make way for 5,200 new homes.
  Funding through the Brownfield Land Release Fund will cover the cost of decontamination, clearing disused buildings or improving infrastructure such as internet, water and power.Some of the projects to benefit from the funding include:£2.9m to Manchester to unlock
  
  Read more

• United Living bolts on property upkeep firm Pilon

  30-10-2024 08:40 via constructionenquirer.com
  
  United Living Group has bought social housing property services contractor Pilon.
  Established 20 years ago, Pilon specialises in planned maintenance, compliance and refurbishment of assets owned and managed by social housing providers.
  The firm, which turned over nearly £40m last year generating a £2m profit, operates across London, the South East and Midlands and is currently contracted with eight of the G15 housing associations.
  PiLON will continue to operate independently, complem
  
  Read more

• Advertisement

• Nexus buys Coleman Construction & Utilities for £5.4m

  30-10-2024 08:40 via constructionenquirer.com
  
  Aim-listed Nexus has bought East Sussex-based Coleman Construction & Utilities for £5.4m.
  Nexus, which owns concrete contractor Tamdown, said the deal would take the business into key civil engineering sectors of water, rail, highways and marine.
  Established in 2000 by Barry Coleman, the business turned over £8.3m last year.
  Charles Sweeney, chief executive of Nexus, said: “The acquisition of Coleman presents an exciting opportunity for Nexus, diversifying into other critic
  
  Read more

• Sheffield facade specialist bought by Swedish firm

  30-10-2024 08:23 via constructionenquirer.com
  
  Cladding contractor Clear Line has been acquired by Swedish building envelope giant Fasadgruppen.
  Sheffield-based Clear Line has been in business since 1977 and has a current turnover of £49m employing 60 staff.
  Fasadgruppen is listed on Nasdaq Stockholm and consists of more than 55 businesses in Sweden, Denmark, Norway and Finland.The Group runs a decentralised business model, where its subsidiaries continue to operate as before the acquisition, but with the opportunity to use shared grou
  
  Read more

• Willmott Dixon to build Oxford net zero council HQ

  30-10-2024 08:20 via constructionenquirer.com
  
  Oxfordshire Country Council has picked Willmott Dixon to extend and net zero upgrade an existing building in Oxford to become its new headquarters building.
  The council is relocating from its current premises at County Hall in Oxford which will be sold off to fund the big office upgrade project at Speedwell Street.
  These Speedwell offices have for many years provided city centre accommodation for the council in addition to County Hall.Willmott Dixon will extend with extra floors and redevelop Sp
  
  Read more

• Private investor buys Midlands contractor MCS

  30-10-2024 08:20 via constructionenquirer.com
  
  Midlands-based building contractor MCS Group has sold a majority stake to a London-based private investor in a deal valuing the business at £22m.
  RD Capital Partners has bought an 80% stake in the Warwick-based construction firm founded in 2003.
  The deal will see founder and CEO Keir Edmonds and the firm’s senior management team remain with the company and retain shareholdings in the business.MCS employs more than 60 staff and turns over more than £112m for clients in the autom
  
  Read more

Follow @new_constructio on Twitter!