Public Sector forecast good
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The forecast is clearer and the data looks good according to the latest details from the pan-Wales local authority pipeline. So, we know everyone is feeling reasonably bullish about Welsh construction without getting too carried away – what about work in the Welsh public sector, after all it is still the construction industry’s biggest customer in Wales? This latest update of the pan-Wales local authority pipeline provides details of a £4bn capital programme across the four years 2015/2016-2018/19. This mid-year update sees a £1bn increase in this 4-year programme published in August last year, with an extra £500m in Housing and £300m in Education. This is where the real important numbers are found. Local authorities are now much more willing to share information about projects than a few years ago. We always had good data for year one, but less for year two and even less again for the remaining years of a four-year cycle. Now, we can plan with more confidence. Yes, output in Wales looks good according to data – but we know that the critical area for spend is education and housing. If you want all of the details, then contact CEW or go to the link for the Local Authority Pipeline document where you can see the data set out in an Excel spreadsheet for the first time as well as in the standard Word document.
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