Projected construction pipeline tops £11bn
The number of projects in Scotland’s construction pipeline database has increased to over 1,500 across 20 sectors, taking value to £11 billion, the Scottish Futures Trust has unveiled.
The Construction Pipeline Forecast Tool was launched by the infrastructure body in July 2021 to assist public bodies and private sector businesses in Scotland’s construction sector. It was one of the actions coming out of the Scottish Construction Leadership Forum’s Recovery Plan, published in October 2020 to support Scotland’s construction industry to rebuild better.
The pipeline has been refreshed and contains an expanded list of projects, with a value of £11bn, and the number of registered website users now exceeds 600.
By registering on the website, private sector businesses now have access to specific details of over 1,500 future infrastructure projects that have been submitted by 45 Scottish public bodies. The pipeline also aims to help businesses plan better and maintain their investment in skills and future training needs.
For the public sector, the pipeline encourages greater collaboration between public sector organisations through a greater understanding of their respective investment pipelines.
Peter Reekie, chief executive of the Scottish Futures Trust and chair of the Executive Group of the Scottish Construction Leadership Forum, said: “The work of the Scottish Futures Trust in ensuring the Construction Pipeline Forecast Tool remains current and relevant, provides the construction sector with vital information to help them manage their businesses effectively and plan for future work.
“This is the first update since the Tool’s launch last summer. The next update is planned for June 2022 where we anticipate continued support by public bodies submitting details of their infrastructure projects and increase the number of projects and awareness.”
Stuart Parker, managing director of Morgan Sindall, Scotland, member of the Construction Scotland Industry Leadership Group and chair of the Pipeline & Commercials sub-group, added: “The tool has already provided invaluable insight for our business as we plan ahead, and we welcome the continued management by SFT and support by public bodies in providing their data. I would welcome public sector bodies whose projects are not included to engage with the Scottish Futures Trust and support this key initiative.”