Monthly Archives: December 2012
A £50 million funding package will see an empty building in Glasgow City Centre transformed into high quality retail and office space, creating 250 new constructing jobs and boosting the trades.
From January, construction work will get underway at 110 Queen Street – a former bank – to create 143,000 sq ft of Grade A offices and 20,000 sq ft of retail space accommodating up to 1,500 workers.
The project, which is being developed and built by BAM, will receive a £9.6 million loan from the Scottish Partnership for Regeneration in Urban Centres (SPRUCE) Fund, which has been established with Scottish Government and European Regional Development Fund money.
The news of the development comes after a recent research report published by Ryden outlined a demand in Glasgow for new office space to enable it to compete effectively with other UK regional cities.
Speaking after making the announcement at the Queen Street site, Deputy First Minister Nicola Sturgeon said: “Significant city centre developments like today’s £50 million boost for Glasgow are central to stimulating economic growth across Scotland.
“This is absolutely imperative in these tough economic times. It is vital that we support opportunities for new business to help create new jobs and also encourage inward investment to Scotland.
“The transformation of this building, due for completion in 2015, will provide much needed high spec office space for Glasgow, which will enable it to compete more effectively with other large cities – and help to attract companies from across the globe.”
John Burke, Executive Director, BAM Construct UK, said: “This is terrific news for Glasgow and the wider construction sector, and is testament to the confidence investors have that BAM can deliver the largest office development to be built outside of London in a number of years.
“BAM is also investing £40.4m in this project which will generate spin-off economic activity, both short and long term in the construction sector and supply chain as well as a number of new apprenticeships. The team is keen to get started and will be moving on site on 7 January.
“It is our firm belief that this significant development will give Glasgow a competitive advantage by providing new quality office space, which is scarce, to established companies looking for long term growth, and help to attract inward investors to the city”.
The housing minister, Mark Prisk, said to bring forward the development of 6,300 new homes by providing fresh funds to support the building industry.
The Minister announced £20 million of fresh investment to accelerate the construction of 6,300 homes at the new town of Cranbrook in East Devon, paving the way for employment opportunities in the trades and boosting the construction sector.
Mr Prisk visited the new community of Cranbrook to see first-hand how a partnership approach to development is reaping impressive results from government investment.
Aside from the construction of new homes, he also announced that the money would be used to deliver the roads and infrastructure needed to develop a new town centre, with the remaining funds supporting the construction of a new secondary school and a second primary school as part of the next phase of Cranbrook’s development.
This investment in infrastructure is expected to accelerate the pace of the delivery of new homes from 300 a year to up to 500.
Today’s announcement is the first allocation of £225 million earmarked by the chancellor in his Autumn Statement for the delivery of 50,000 new homes in large, locally-supported housing programmes.
The funding programme for planned, large-scale sites, administered by the Homes and Communities Agency, will be targeted at schemes that are struggling to move forward because of the current economic climate.
Housing Minister Mark Prisk said: “This government is serious about building more homes. That’s why we have been looking carefully at how we can accelerate large, planned housing schemes that already have the support of local people, but need help to move forward in the current economic climate.
“So I’m delighted that today I can announce our intervention will help unlock the delivery of over 6,000 new homes in Cranbrook, and create thousands of jobs for local people.
“In the months ahead I will be announcing support for similar schemes. That means more investment, more jobs for our young people and more affordable homes for families across the country.
“We have set aside considerable funding to assist large housing programmes like Cranbrook, and I would urge anyone with similar proposals to come forward and contact my department.”
What is your reaction to the new funding announced by Housing Minister Mark Prisk that will create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Initially, Carillion will advise on how to best to carry out a £10 million programme of extensive concrete repairs to the roof and walls of both tunnel bores.
The Council says the Woodhouse Tunnel is suffering severe concrete damage and deterioration as a result of prolonged, extensive chloride ingress from winter de-icing salts.
The damage is so severe that the structural capacity of components is now being affected.
The tunnel needs extensive concrete repairs to the roof and walls of both tunnel bores and strengthening for vehicle impact loading to the area of the tunnel supporting the Leeds General Infirmary buildings.
Strengthening work for vehicle impact loading and protection to the rest of the tunnel will be also required.
The seven-year contract will provide repairs service to more than 13,500 households and create new jobs for local residents and the wider community.
Bruce Melizan, executive director at Interserve, said: “Delivering front-line services for East Thames is strategically important to us at Interserve, as it affects local residents’ homes and their quality of life.
“The fact that East Thames has given us an opportunity to share our knowledge and experience in delivering residential repairs and maintenance with them is a strong endorsement of the value and quality we can bring to their estates.
“The benefits of our approach have already been evidenced by the 22 per cent saving we have already achieved for East Thames on their outsourcing model, which is just the start of a partnership that will enable East Thames and their residents to benefit from our intelligent approach to delivering services over the coming years.”
The contract will also see benefits extended to the wider community via local recruitment targets, training and employment opportunities and a unique package of support for local long term unemployed residents who have found it difficult to find work.
Interserve will deliver estate services to local areas, including cyclical works, building refurbishment, planned and responsive repairs and maintenance to corporate buildings.
East Thames director of development and property Geoff Pearce said: “We are very much looking forward to working with our new partners Interserve and welcome their customer-centred approach to delivering our repairs service.
“Thanks to the feedback we’ve received from our residents, we have been able to work, together with Interserve, to design a service that better meets the needs of our customers, while delivering value for money and a significant contribution to East Thames’ local employment aims.”
What is your reaction to the new £100 million repairs and maintenance contract that will create new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
The reforms to the scheme are set to deliver 55 per cent cost reduction and a total of £272 million worth of savings for participants in the in the scheme.
The simplification of the CRC programme will make it easier for businesses to feel the benefits of using less energy, and will also support jobs in the energy savings industry.
The changes are expected to increase demand for energy efficient products and services.
Minister of State Gregory Barker said: “Energy efficiency increases productivity and is good for growth so it is important that we continue to incentivise this through the CRC.
“We have listened to the concerns of business and radically simplified the scheme in order to cut down on administrative costs and red tape. And we will consider how to encourage new renewable on-site generation through the CRC scheme.
“The scheme will now be more flexible and light-touch, saving participants money and helping them to save energy”.
Reforms to the CRC Energy Efficiency Scheme include:
- Reducing the number of fuels that participants have to report against from 29 to 2 (electricity and gas for heating).
- Reducing scheme complexity by removing the 90% rule and Climate Change Agreements (CCA) exemption rule.
- Abolishing the Performance League Table but continuing to publish participants aggregated energy use and emission data.
- Reducing overlap with other climate change legislation.
- Withdrawing all state-funded schools in England from the scheme.
- Government will consider how the CRC can incentivise the uptake of new onsite renewable self-supplied electricity.