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22| Construction Company League<br />
Construction business at the Top of the<br />
company league table by John Simpson<br />
One of FP McCann’s most notable projects was the new bridge on the Toome bypass<br />
In the last two years enjoying as strong a recovery with the lower Block Grant<br />
the Northern Ireland as other parts of the UK or the revenue for Stormont. Added<br />
economy has been in<br />
recovery mode. Finally<br />
and slowly the painful<br />
recession affecting the<br />
construction industry has<br />
eased and been reversed<br />
Northern Ireland is not<br />
Irish economy. Slow recovery<br />
has been attributed to several<br />
local factors. High on the list<br />
is the larger correction to the<br />
level of spending by the public<br />
sector as the already stretched<br />
public sector budget of the last<br />
5 years is brought into balance<br />
to these pressures, there is the<br />
outworking of the reform of<br />
welfare spending as a critical<br />
contribution to the Fresh Start<br />
agreement for Stormont.<br />
The new Stormont Executive<br />
now has an agreed Budget<br />
constrained by the special<br />
arrangements for welfare<br />
reform and the probable<br />
lower than inflation annual<br />
supplements.<br />
In comparative terms in the<br />
recent past the construction<br />
industry was hard hit by<br />
two overlapping features.<br />
First, the crash in property<br />
values including housing and<br />
commercial property put a<br />
near stop to many commercial<br />
proposals. Second, the public<br />
sector capital programme has<br />
FP McCann’s project at Station Square, Portrush
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