The value of projects in the Scottish construction pipeline database has soared to £11bn, with the number of projects in the pipeline increasing to over 1,500 across 20 sectors.
Since its launch in July 2021, Scotland’s public bodies and private sector construction businesses have welcomed the benefits delivered from the Construction Pipeline Forecast Tool.
Managed by infrastructure body the Scottish Futures Trust, the Construction Pipeline Forecast Tool was one of the actions coming out of the Scottish Construction Leadership Forum’s Recovery Plan, published in October 2020 to support Scotland’s construction industry to rebuild better.
By registering on the website, private sector businesses now have access to specific details of over 1,500 future infrastructure projects that have been submitted by 45 Scottish public bodies.
Claiming to provide greater transparency on future construction workload, the pipeline aims to help businesses plan better and maintain their investment in skills and future training needs.
For the public sector, the pipeline encourages greater collaboration between public sector organisations through a greater understanding of their respective investment pipelines.
Peter Reekie, chief executive of the Scottish Futures Trust and chair of the executive group of the Scottish Construction Leadership Forum said: “The work of the Scottish Futures Trust in ensuring the Construction Pipeline Forecast Tool remains current and relevant, and provides the construction sector with vital information to help them manage their businesses effectively and plan for future work.
“This is the first update since the Tool’s launch last summer. The next update is planned for June 2022 where we anticipate continued support by public bodies submitting details of their infrastructure projects and increase the number of projects and awareness.”
Stuart Parker, managing director of Morgan Sindall, Scotland, member of the Construction Scotland Industry Leadership Group and chair of the pipeline & commercials sub-group, said: “The tool has already provided invaluable insight for our business as we plan ahead, and we welcome the continued management by SFT and support by public bodies in providing their data. I would welcome public sector bodies whose projects are not included to engage with the Scottish Futures Trust and support this key initiative.”