| 1. |
INTRODUCTION |
7 |
| 2. |
SUMMARY AND FUTURE PROSPECTS |
8 |
| 2.1 | SUMMARY |
8 |
| 2.2 | FUTURE PROSPECTS |
9 |
| 3. |
ECONOMIC ENVIRONMENT & DEMOGRAPHICS |
11 |
| 3.1 | INTRODUCTION |
11 |
| 3.2 | GDP |
12 |
| 3.3 | INTEREST RATES AND INFLATION |
12 |
| 3.4 | HOUSEHOLD CONSUMPTION AND SAVINGS RATIO |
12 |
| 3.5 | UNEMPLOYMENT |
12 |
| 3.6 | CONCLUSIONS |
13 |
| 4. |
SOUTH EAST REGIONAL DRIVERS |
14 |
| 4.1 | INTRODUCTION |
14 |
| 4.2 | POPULATION AND SOCIO-ECONOMIC PROFILE OF THE SOUTH EAST |
14 |
| 4.2.1 | Population |
14 |
| 4.2.2 | Socio-Economic |
15 |
| 4.3 | INDUSTRIAL AND COMMERCIAL PROFILE |
16 |
| 4.2.1 | Industrial and Commercial Clusters |
16 |
| 4.2.2 | Education, Research and Development |
17 |
| 4.3 | REGIONAL DEVELOPMENT STRATEGIES |
17 |
| 4.3.1 | SEEDA |
18 |
| 4.3.2 | Greater London Authority |
19 |
| 4.3.3 | Thames Gateway |
19 |
| 4.3.4 | 2012 Olympics |
20 |
| 4.4 | KEY SECTORS HEALTH AND EDUCATION IN THE SOUTH EAST |
23 |
| 4.4.1 | Education Construction |
23 |
| 4.4.2 | Health Construction |
25 |
| 5. |
SOUTH EAST CONSTRUCTION MARKET |
30 |
| 5.1 | TOTAL CONSTRUCTION OUTPUT IN THE SOUTH EAST REGION |
30 |
| 5.2 | NEW WORK AND RMI |
32 |
| 5.2.1 | New Work |
34 |
| 5.2.2 | Repair, Maintenance and Improvement |
37 |
| 5.3 | NEW ORDERS |
38 |
| 5.3.1 | Quarterly Analysis New Orders |
39 |
| 5.4 | CONSTRUCTION BUSINESS SIZE |
40 |
| 5.5 | CONSTRUCTION EMPLOYMENT LEVELS |
42 |
| 6. |
CONSTRUCTION ACTIVITY BY SECTOR |
44 |
| 6.1 | SECTOR ANALYSIS |
44 |
| 6.2 | THE HOUSING SECTOR |
46 |
| 6.2.1 | Housing New Work Output |
48 |
| 6.2.2 | Housing Starts & Completions |
49 |
| 6.2.3 | Housing RMI |
50 |
| 6.3 | INFRASTRUCTURE |
51 |
| 6.3.1 | Major Infrastructure Sectors in the South East |
51 |
| 6.3.2 | Infrastructure Output in the South East Region |
52 |
| 6.3.3 | Future Prospects |
53 |
| 6.4 | PUBLIC SECTOR |
54 |
| 6.4.1 | New Work Output |
55 |
| 6.4.2 | Public Sector New Orders |
55 |
| 6.4.3 | Public Sector RMI |
56 |
| 6.4.4 | Future Prospects |
58 |
| 6.5 | PRIVATE SECTOR COMMERCIAL AND INDUSTRIAL |
58 |
| 6.5.1 | Private & Industrial New Work Output |
59 |
| 6.5.2 | Private Commercial & Industrial New Orders |
60 |
| 6.5.3 | Private Sector RMI Output |
61 |
| 6.5.4 | Future Prospects |
62 |
| 7. |
THE MAJOR CONSTRUCTION COMPANIES |
64 |
| 7.1 | CONSTRUCTION COMPANIES |
64 |
| 7.2 | HOUSEBUILDERS |
66 |
| APPENDICES |
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| 1. | EDUCATION |
69 |
| 1.1 | South East Schools by Type |
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| 2. | HEALTH CONSTRUCTION |
70 |
| 2.1 | PFI Schemes |
70 |
| 2.2 | Public Capital Funded Schemes |
72 |
| TABLES AND CHARTS |
| CHART 1 | CONSTRUCTION OUTPUT (NEW WORK AND RMI) SOUTH EAST REGION 2003 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
8 |
| TABLE 2 | KEY ECONOMIC INDICATORS 2005 TO 2013 (% ) |
11 |
| TABLE 3 | DEMOGRAPHIC PROFILE OF SOUTH EAST REGION NUMBER OF PERSONS (000S) |
15 |
| TABLE 4 | 2012 OLYMPICS BREAKDOWN OF THE £9.3 BILLION FUNDING PACKAGE SITE PREP/INFRASTRUCTURE, VENUES, TRANSPORT, MISC. BY PROJECT. |
21 |
| TABLE 5 | PROGRESS OF BSF SCHOOL PROJECTS IN SOUTH EAST PROJECTS HAVING ACHIEVED FINANCIAL CLOSE AUGUST 2009 |
24 |
| CHART 6 | HEALTH SECTOR OPERATIONAL SCHEMES MIX OF PFI AND PUBLIC CAPITAL FUNDED SCHEMES FOR THE SOUTH EAST AND ENGLAND (UPDATED NOVEMBER 2008) - % BY VALUE |
26 |
| TABLE 7 | OPERATIONAL NEW HOSPITAL SCHEMES SOUTH EAST REGION MIX BY STRATEGIC HEALTH AUTHORITY AREA (% BY VALUE) |
27 |
| TABLE 8 | SOUTH EAST REGION HOSPITAL SCHEMES HAVING APPROVAL CURRENTLY UNDER CONSTRUCTION OR THOSE WHICH HAVE NOT YET COMMENCED CONSTRUCTION (VALUE £M) |
28 |
| CHART 9 | CONSTRUCTION OUTPUT SOUTH EAST REGION 2003 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
30 |
| TABLE 10 | CONSTRUCTION OUTPUT IN SOUTH EAST REGION AS % OF TOTAL CONSTRUCTION OUTPUT GB 2003-13 VALUE (£ BILLION AT CURRENT PRICES) |
31 |
| CHART 11 | SOUTH EAST REGION MIX BETWEEN NEW WORK AND RMI ACTIVITY 2008 AND H1 2009 - % BY VALUE |
33 |
| CHART 12 | QUARTERLY ANALYSIS NEW WORK AND RMI OUTPUT IN SOUTH EAST Q1 2007 TO Q2 2009 BY VALUE (£M AT CURRENT PRICES) |
34 |
| CHART 13 | SOUTH EAST CONSTRUCTION NEW WORK OUTPUT 2003 TO 2008 BY VALUE (£ BILLION AT CURRENT PRICES) |
35 |
| CHART 14 | SOUTH EAST CONSTRUCTION NEW WORK OUTPUT FORECASTS 2008 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
36 |
| TABLE 15 | SOUTH EAST REGION CONSTRUCTION RMI OUTPUT 2003 TO 2008 BY VALUE (£ BILLION AT CURRENT PRICES) |
37 |
| CHART 16 | SOUTH EAST CONSTRUCTION RMI OUTPUT FORECASTS 2008 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
38 |
| TABLE 17 | CONSTRUCTION NEW ORDERS SOUTH EAST REGION AND GREAT BRITAIN 2003-08 VALUE (£ BILLION AT CURRENT PRICES) |
39 |
| CHART 18 | VALUE OF CONSTRUCTION NEW ORDERS SOUTH EAST REGION Q1 2007 TO Q2 2009 BY VALUE (£ BILLION AT CURRENT PRICES) |
40 |
| CHART 19 | SOUTH EAST REGION NUMBER OF BUSINESS UNITS INVOLVED IN CONSTRUCTION 2003 AND 2009 |
41 |
| TABLE 20 | SIZE OF CONSTRUCTION BASED ENTERPRISES IN SOUTH EAST 2009 BY TURNOVER SIZE (£ 000S) NUMBER OF ENTERPRISES (VAT AND/OR PAYE REGISTERED) |
42 |
| TABLE 21 | SOUTH EAST CONSTRUCTION EMPLOYMENT LEVELS 2006 TO H1 2009 AVERAGE NUMBER OF EMPLOYEE JOBS (000S) BY GOVERNMENT OFFICE REGION |
43 |
| CHART 22 | CONSTRUCTION OUTPUT BY SECTOR FOR SOUTH EAST REGION AND GREAT BRITAIN 2008 - % BY VALUE |
44 |
| TABLE 23 | SOUTH EAST CONSTRUCTION OUTPUT BY SECTOR 2008 & H1 2009 - BY VALUE (£ MILLION AT CURRENT PRICES) |
45 |
| CHART 24 | SOUTH EAST REGION HOUSING OUTPUT (NEW WORK AND RMI) 2003 TO 2013 BY VALUE (£MILLION AT CURRENT PRICES) |
46 |
| CHART 25 | SOUTH EAST REGION NEW WORK HOUSING OUTPUT 2003 TO 2008 BY VALUE (£MILLION AT CURRENT PRICES) |
48 |
| TABLE 26 | HOUSING STARTS AND COMPLETIONS IN THE SOUTH EAST 2003-2008 BY VOLUME (NUMBER OF DWELLINGS) |
49 |
| TABLE 27 | HOUSING RMI OUTPUT IN SOUTH EAST REGION 2003-08 BY VALUE (£ BILLION AT CURRENT PRICES) |
50 |
| TABLE 28 | INFRASTRUCTURE OUTPUT FOR GREAT BRITAIN AND THE SOUTH EAST 2003-08 BY VALUE (£ MILLION AT CURRENT PRICES) |
52 |
| CHART 29 | SOUTH EAST INFRASTRUCTURE OUTPUT FORECASTS 2008 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
53 |
| TABLE 30 | PUBLIC SECTOR NEW WORK OUTPUT FOR GREAT BRITAIN AND THE SOUTH EAST REGION 2003-08 BY VALUE (£ MILLION AT CURRENT PRICES) |
55 |
| TABLE 31 | PUBLIC SECTOR NEW ORDERS FOR GREAT BRITAIN AND THE SOUTH EAST REGION 2003-08 BY VALUE (£ MILLION AT CURRENT PRICES) |
56 |
| TABLE 32 | PUBLIC SECTOR RMI OUTPUT SOUTH EAST REGION 2003-08 BY VALUE (£ MILLION AT CURRENT PRICES) |
57 |
| CHART 33 | SOUTH EAST PUBLIC SECTOR NEW WORK AND RMI OUTPUT FORECASTS 2008 TO 2013 BY VALUE (£ BILLION AT CURRENT PRICES) |
58 |
| TABLE 34 | PRIVATE SECTOR COMMERCIAL AND INDUSTRIAL NEW WORK OUTPUT IN THE SOUTH EAST REGION 2003-08 BY VALUE (£ MILLION AT CURRENT PRICES) |
59 |
| TABLE 35 | PRIVATE COMMERCIAL AND INDUSTRIAL NEW ORDERS IN SOUTH EAST REGION Q1 2007 TO Q2 2009 BY VALUE (£ MILLION AT CURRENT PRICES) |
60 |
| TABLE 36 | PRIVATE SECTOR RMI OUTPUT SOUTH EAST REGION AND GREAT BRITAIN 2003-08 VALUE (£ MILLION AT CURRENT PRICES) |
61 |
| CHART 37 | SOUTH EAST PRIVATE SECTOR NEW WORK AND RMI OUTPUT FORECASTS 2008 TO 2013 VALUE (£ BILLION AT CURRENT PRICES) |
62 |
| TABLE 38 | UK LEADING CONSTRUCTION COMPANIES WITH TURNOVER IN EXCESS OF £1.5BN |
64 |
| TABLE 39 | UK LEADING NATIONAL HOUSEBUILDING ORGANISATIONS WITH SIGNIFICANT PRESENCE IN THE SOUTH EAST REGION |
67 |
| TABLE 1.1 | SOUTH EAST NUMBER OF SCHOOLS BY TYPE AT APRIL 2008 |
69 |
| TABLE 2.1 | PRIORITISED AND NON-PRIORITISED PFI HOSPITAL SCHEMES IN THE SOUTH EAST REGION (VALUE OF OVER £10M) GIVEN APPROVAL SINCE 1997 |
70 |
| TABLE 2.1.1 | PRIORITISED AND NON-PRIORITISED PFI SCHEMES IN THE SOUTH EAST REGION WORK STARTED ON SITE AND THOSE YET TO PLACE OJEU NOTICES |
71 |
| TABLE 2.2 | PRIORITISED AND NON-PRIORITISED PUBLIC CAPITAL FUNDED OPERATIONAL HOSPITAL SCHEMES IN THE SOUTH EAST REGION (VALUE OF OVER £10M) GIVEN APPROVAL SINCE 1997 |
72 |
| TABLE 2.2.1 | PRIORITISED AND NON-PRIORITISED PUBLIC CAPITAL FUNDED HOSPITAL SCHEMES IN THE SOUTH EAST REGION UNDER CONSTRUCTION OR YET TO COMMENCE CONSTRUCTION WITH VALUE OF OVER £10M GIVEN APPROVAL SINCE 1997 |
73 |