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REGIONAL SPOTLIGHT: North West leads on housing contracts

The value of contracts awarded in the residential sector was higher in the North West region than any other English region in August, according to research by EMAP Gleningan.

It received £435 million-worth of deals. This sector also had the highest value of housing contracts in July, with deals worth £244 million. In June, it won the third place in value of contracts awarded, both when compared to all regions.

The industrial sector was awarded the second place in August, with the highest value of orders. It won £49 million of contract deals, losing only to Yorkshire and Humberside with £68.2 million worth of contracts.

In June, the North West region had also the second highest value of commercial contracts in the UK, worth £634, 28 million, only behind London with £799.88 million worth of contracts. It was the highest value in contracts awarded to the region in this period. The total amount of combined contracts in the North West was £825, 33 million.

The average spending on commercial work passed the £1 billion mark for the first time since January, after EMAP Gleningan recorded £2.2 billion-worth of work let in this sector in June. However, this total was buoyed by an award of a deal for £500 million project Cheapside in the City of London.

The North West has also seen a significant improvement in the medical sector with £26.2 million in contracts awarded in August when compared to the £10.4 million worth of contracts in July and the £15.44 million deals of June.


For more information go to www.glenigan.com