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12th February 2016
Uncertainties around the general election and some easing in the housing market led to a rise in projects being put on hold in 2015. After stripping out the impact of projects valued at over £100 million (such as a certain on-again, off-again nuclear power station), the value of projects being stalled rose by 27% during 2015.
The upcoming EU referendum means that political uncertainty hasn't entirely eased. Once resolved though, these schemes may well be quickly brought back into development. In particular the commercial and private housing sectors have a strong bank of schemes waiting in the wings, alongside a strong flow of new projects gaining planning permission for the first time.
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