LONDON, March 10, 2015 /PRNewswire/ --
The UK health sector is set to provide a shot in the arm for the construction industry according to findings from Barbour ABI, which is a chosen provider of data to the Office for National Statistics (ONS) and the Government.
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The value of schemes at Detail Planning stage increased by 62.7 per cent in 2014, compared to the same period in 2013, and suggests a significant volume of work is in the pipeline for the coming years.
Construction growth across the medical and health sector was modest last year at 8.5 per cent (£2.3 billion) but plans for large scale projects and the development of known schemes including the new £250 million suite at Manchester's Christie Hospital mark a future boost in activity.
Michael Dall, lead economist for Barbour ABI, explains: "An aging population is adding huge pressures to the health sector and more facilities are being built to accommodate demand despite talks of budget cuts across the board.
"The allocated spend of £4.7 billion for health and social care during 2015-16 under the national infrastructure plans also suggests that improvements in activity levels will continue in the medium term. Whether this spending is enough to meet the increasing demands on the NHS in particular remains to be seen."
About Barbour ABI:
Barbour ABI is a leading provider of construction intelligence services. With a team of in-house research specialists and a dedicated lead economist, it provides commercially relevant insight and unique analysis of trends and developments within the building and construction industry.
Barbour ABI is the chosen provider of industry data and indicators for Government bodies including the Office for National Statistics and the UK Government's Construction and Infrastructure Pipeline, which outlines future construction and infrastructure projects where public funding is agreed. Barbour ABI also provides data for independent organisations, such as the Construction Products Association.
Barbour ABI is part of global events-led marketing services and communications company, UBM, and is headquartered in Cheshire Oaks, Cheshire.
For more information, go to http://www.barbour-abi.com or follow us on Twitter @BarbourABI for all the latest construction data news.
About UBM:
UBM helps businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Its 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to http://www.ubm.com or follow us on Twitter at @UBM_plc for all the latest UBM corporate news.
Notes to editors:
Press enquiries to:
Jonathan Touhey at Barbour ABI
e: jonathan.touhey@barbour-abi.com
t:+44(0)151-353-3605 f: +44(0)151-353-3637
