Brexit impact yet to hit construction, says Barbour ABI
The July edition of Barbour ABI’s Economic & Construction Market Review looks at the early impact of the EU referendum, which has sent a series of shocks through the economy.
According to the reeview, however, the construction sector saw little effect of Brexit in June, with total contract values reaching £6.2 billion, the highest monthly figure so far in 2016.
The majority of the contracts awarded in June by value were in London, accounting for 24% of the UK total. This is followed by
Scotland with 14% of contract award value.
The main reason for London’s fi gures was the award to develop the Bechtel House Hammersmith valued at £275 million. Another major
office project was also awarded in June, the first phase of the Royal Albert Dock, which was valued at £100 million and awarded
to Brookfield Multiplex. The largest project awarded by value in Scotland was the Middle Muir wind farm in Lanarkshire, valued at
£75.2 million.
You can read the full report HERE