The number of reopened sites has continued to rise this week, with work restarting on a further 214 sites. Which means that three-quarters of initially suspended sites have now restarted.
To date Northern Ireland has seen 57 sites reopen, a third of those initially suspended, and we expect to see a flurry of sites in Scotland reopening over the coming weeks as the devolved Government relaxes lockdown from today.
The planning pipeline has recovered more dramatically, compared to recent weeks too, with 1,558 planning applications a day being made this week – up 28% from last week, which is just 1% below the average seen earlier this year before the lockdown came into effect, which is a really encouraging indicator for the future pipeline of planned projects.
Talking of the future - with a volatile and challenging economic outlook ahead - it’s become apparent through conversions with our customers, that a strategic approach to future investment is a priority.
With this in mind, if you’d like to leverage our construction industry data, insight and expertise to help steer your business through uncertain times, please do get in touch.
This week has been fairly stable, when looking at the key indicators that we monitor to determine industry performance.
We’ve seen a further 82 sites reopen, which means that in England, just 9% of suspended sites are yet to restart. But at the opposite end of the spectrum, in Scotland, 71% of suspended sites are still yet to re-open. However, the Scottish Government has just announced that more construction sites can reopen from Monday, as they enter the next stage of their restart plan, so we expect to see projects in Scotland reopening over the coming weeks.
Looking at the planning pipeline, while we’ve seen a week-on-week increase in the number of applications and decisions, these figures have remained relatively stable, and at fairly typical levels, for the last 12 weeks.
And while the number of contractors bidding on projects has dropped slightly this week to 68 a day, the recent trend had returned to levels seen in February, prior to the lockdown.
So, overall, the market continues on an upward trend, but at a slower pace than in previous weeks as firms continue to adapt to new working conditions. Indeed, we’re seeing our own customer activity increase week-on-week as more firms begin to proactively look for new sales opportunities and take a strategic approach to what lies ahead.
If you’re not a Glenigan customer, but would like our help to identify new immediate and long-term opportunities for your business, please do get in touch; we’re here to help.