Projects in Yorkshire & the Humber are boosting medical and healthcare construction growth in the UK, with nearly a quarter of the total value of construction projects in that sector awarded in the region, according to a report released today.
The value of medical and healthcare construction contracts in Yorkshire & the Humber totalled more than £21 million in December, accounting for 24.9 per cent of the overall contracts awarded for the sector – an increase of 16.1 per cent from the same month last year.
This is largely attributable to key projects such as £9 million reconfiguration works at Pinderfields Hospital, Wakefield, a new rehabilitation centre for jockeys at Malton’s Jack Berry House and a new £3.5 million medical centre at Amberton Terrace in Leeds.
These latest figures, taken from Barbour ABI’s Economic & Construction Market Review, highlight marked growth in the medical and healthcare construction sector UK-wide, with the value of projects totalling £155 million in December – a significant 87.5 per cent increase on the same month last year.
Yorkshire & the Humber was also responsible for 13 per cent of all construction contracts, taking into account projects across other sectors such as residential, education and infrastructure, ahead of the South East, South West and North West regions.
On the findings of the report, Michael Dall, lead economist at Barbour ABI, said:
“Although the figures for the medical and healthcare construction sector were down slightly from November, the year-on-year increase indicates a comparatively stronger finish to 2013 than the previous year.
“Public hospitals, such as the work on Pinderfields Hospital in Wakefield, are still the dominant type of contract within the sector, but this is down by 39 per cent on last year.
“Surgeries, health and medical centres, which accounted for 21 per cent of the value of contracts in the sector, were up 5 per cent compared to November, and projects such as Jack Berry House in Malton and Amberton Terrace in Leeds are key to this resurgence.”
The Economic & Construction Market Review is a monthly report designed to give valuable, current insight into UK construction industry performance.
The Review is compiled from Barbour ABI’s records of construction data for every UK planning application, and key indicators, such as the Office for National Statistics’ Construction New Orders data.
The Economic & Construction Market Review will be published monthly and is available to download at: http://bit.ly/1eUKB9P