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Businesses constructing roads and railways have risen by 112% from 3,525 to 7,470 between 2010 and 2017–many have seen their workloads increase dramatically over the last few years.
Businesses constructing roads and railways have risen by 112% from 3,525 to 7,470 between 2010 and 2017, and many have seen their workloads increase dramatically over the last few years.
In 2014, the coalition government asked businesses constructing roads to prepare for the biggest investment the road network had experienced since the 1970s.
Today, that initiative has contributed to the government pipeline of 123 live transport infrastructure projects, worth almost £140 billion. Almost £92 billion worth of projects are scheduled to be completed by 2021.
There has also been a significant upturn in private investment in the UK rail industry, as operators move to upgrade the network, including improvements to stations, providing a wealth of supply chain opportunities.
In 2014, the government announced its intention to "triple funding” on the road network with more than £24bn of guaranteed investment to be spent on upgrading and improving the network over five years.
The future looks equally positive for businesses involved in the construction of railways. Major long-term projects include:
For further information on the sourced references for the Business Trends data, outside of the Business Population Estimates 2017 and Nomis official labour market statistics 2010 and 2017, please download the information here (PDF, 240MB)