£60BN IN UNLISTED UK GOVERNMENT CONSTRUCTION PROJECTS

The new report namely, Government Pipeline Report, is based on the findings from Glenigan who is actively tracking an extensive development pipeline of nearly 2,100 central government projects, with a combined value of £179 billion. This is 50% more than the £119 billion currently identified in the government’s own pipeline, last published in December. Glenigan data has no government restrictions and includes projects that have not yet had final Treasury approval, which the firm said resulted in a “more comprehensive picture” of planned construction work to 2026. However Allan Wilén, Glenigan’s economics director, warned that with the next general election taking place next year, the coalition government was running out of time to release these projects to the next stage of development. “Our analysis shows that there is an extensive potential pipeline of central government projects that can deliver real improvements to the UK’s built environment and long-term economic growth,” he said.