Annual Report and Accounts 2012 - Speedy Hire plc

New build 2010
18.1%
25.7%
New build 2011
20.3%
23.4%
56.2%
56.3%
Private
Public
Infrastructure
Source: ONS data
Private
Public
Infrastructure
Source: ONS data
£122bn
construction output for 2011 is £122.4 billion
+4.2%
total construction output is up in 2011
+4.2% compared to 2010
+4.8%
all new work is up +4.8% compared to 2010
+17.8%
infrastructure construction output is up
+17.8% compared to 2010
Infrastructure plan
The Government’s infastructure
plan includes over 500 projects and
programmes and is worth over £250
billion. Most of the investment is contained
within major programmes – for example
highways, rail, nuclear, offshore wind
and broadband – but there are also
individual projects within sectors that stand
out because of their size, complexity or
importance to the UK economy. Almost
two-thirds of the expected investment
between 2011 and 2015 will be privately
funded and the remainder will be either
partially or fully publicly funded.
Key objectives of the plan include:
> > Improving the performance, capacity,
connectivity and environmental impacts
of the UK’s transport networks including
maintaining the status of the UK as an
international hub for aviation;
> > Achieving a secure, diverse and reliable
energy supply for the UK while reducing
the carbon intensity of electricity
generation at the least cost to consumers;
> > Increasing superfast broadband and
mobile coverage, and ensuring adequate
spectrum availability to support a thriving
communications industry;
> > Maintaining the security and
performance of the water and
sewerage system while reducing its
environmental impacts;
> > Mitigating the impacts of flooding and
coastal erosion as part of a wellmanaged,
coordinated and affordable
risk management system; and
> > Reducing waste sent to landfill,
increasing recycling rates and moving
towards a zero-waste economy.
Number of Infrastructure
projects/ investment (£bn,
Sector programmes 2010-11 prices)
Transport 115 £89.3
Energy 274 £117.7
Communications 11 £20.4
Waste 38 £3.9
Water 32 £20.9
Flood 35 £5.0
Intellectual capital 8 £0.2
Total
Source: HM Treasury
513 £257.4
Business review 07
Government
spending review
A number of key construction projects
were outlined as part of the Government
spending review:
> > The Government will be developing a
National Roads Strategy, as well as
exploring new ownership and financing
models for the national roads network
to drive up efficiency and leverage
private investment;
> > Network Rail will invest an additional
£130 million to extend the Northern Hub
to include electrification of the Trans
Pennine rail route, by upgrading the
Hope Valley line between Manchester
and Sheffield and improving the
Manchester to Preston and Blackpool,
and Manchester to Bradford lines;
> > An extra £100 million of improvements
will be made to the accommodation
of our armed forces and their families;
> > A new £100 million fund will support
investment in major new university
research facilities; and
> > The Government will increase funding
for the Get Britain Building programme
by £150 million, which will help deliver
over 3,000 more new homes.
Big spenders v 2010
New housing private +10.0%
Non-housing new public -6.7%
Infrastructure +17.8%
R&M housing private +4.0%
All work +4.2%
Speedy Hire Plc Annual Report and Accounts 2012
Business review