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Building the new Scotland

Scotland's construction industry is looking brighter as the value of contracts accumulates to £6.8 billion over the last year

Posted by Dave Higgitt | February 05, 2015 | Events

Scotland’s economy is showing continued signs of growth, and as a result so is its construction industry. From July 2013 to July 2014, Scotland held 11 percent of the value of contracts awarded in Great Britain, making it the third highest in the country after London and the South West. The value of Scottish contracts accumulated to £6.8 billion, highlighting future prospects within the industry.

Several new projects are under way such as the Aberdeen Western Peripheral route, easing the high levels of traffic congestion in the NE region. In an interview for the Evening Express, transport minister Keith Brown said: “Over the next three decades, our investment in the Aberdeen Western Peripheral Route project is expected to bring in an additional £6 billion to the local economy and create around 14,000 new jobs.”

High levels of investment and return are present within Scotland’s current projects, strengthening the outlook of the country’s construction industry. The Edinburgh Glasgow Improvements Programme (EGIP), a £650m project currently being delivered, aims to improve Scotland’s railway structure and states: “The project will provide significant economic, social and environmental benefits for Scotland.” David Dickson, High Network Rail route managing director for Scotland, said in an EGIP report: “Rail travel in Scotland is more popular now than ever before and the network is set to benefit from over £4bn of investment during the next five years.”

Further investments are underway within the Scottish government’s Help To Buy scheme which has a budget of £140m for the financial year of 2014-2015, financially assisting individuals with the process of home buying. The Scottish government states that “A strong and growing house-building industry is key to Scotland's future economic prosperity.” The scheme has been very successful, so much so that, in May last year, Scotland’s first minister Nicola Sturgeon announced an additional £50m would be added to the scheme’s budget.

Upholding the government’s statement on economic prosperity in Scotland, The Construction Monitor reported a record high figure of promise within the construction industry: 55.8 percent of respondents stated they were more confident about the next 12 months in comparison to 42.1 percent in the previous quarter – the highest figure since 2008.

Against such a backdrop, Oliver Kinross are to host Scotland Build 2015 on the 25-26 Nov 2015 at Glasgow’s Scottish Exhibition and Conference Centre (SECC) in the heart of the city. The event will host more than 10,000 attendees and over 175 exhibitors. The event was created on the back of London Build 2015, which will take place on the 18-19 June at the O2, London.

Registration for Scotland Build 2015 is free and now open online.

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