Figures released today by construction intelligence providers Glenigan show an additional £60 billion of projects in the central government development pipeline which are missing from official records.
Glenigan has tracked an extensive pipeline of nearly 2,100 central government projects with a combined value of £179 billion - 50 per cent more than the £119 billion identified in the government’s own pipeline, last published in December 2013.
If delivered to their current schedule, these projects would strengthen and broaden the emerging recovery - both in the construction industry and the wider UK economy.
However, with the next general election approaching in 2015, the pressure is on the coalition government to release more schemes to site, to help to secure and sustain the forecasted recovery in construction output.
Glenigan Economics Director Allan Wilén said: “Our analysis shows that there is an extensive potential pipeline of central government projects that can deliver real improvements to the UK’s built environment and long term economic growth.