Cubby reborn in £12m Svella-backed takeoverInvestment firm Svella has completed the acquisition of Carlisle-based Cubby Construction, building a base to create a major regional contracting business.
Led by former Stobart director Andrew Tinkler, Svella is committing £12m into a newly-formed Cubby Group that brings together 14 integrated businesses drawn from both Svella’s and Cubby’s…
North East NHS trusts plot £3bn health estate overhaulThe Great North Healthcare Alliance is laying the groundwork for a £3bn, 15-year construction and infrastructure programme across the North East and Cumbria.
The Alliance – made up of Newcastle Hospitals, Northumbria Healthcare, Gateshead Health and North Cumbria Integrated Care – plans to start early market engagement with contractor…
HG goes green on cranes in £1.2m switch to battery powerHG Construction is phasing out diesel generators on its tower cranes after pumping £1.2m into site battery systems in a major move to decarbonise its operations.
The contractor is rolling out UK-made Revolution Battery units from Dumarey Green Power across it sites, following a successful trial that saw costs and emissions slashed by over…
Developer fined £165,000 for fire safety failingsA developer has been fined £165,000 for repeatedly failing to put suitable fire precautions measures in place during a renovation job in Preston.
Glovers Court Ltd was found guilty of four offences in relation to the redevelopment of a former city centre warehouse into 35 apartments spread across six floors.
The Glovers Court project was under…
Bidding to start for £1.8bn North West frameworkProcure Partnerships is preparing to start bidding for places on its third-generation North West contractor framework worth up to £1.8bn over the next four years.
Presently around 28 firms holding spots on the second generation framework face a fight to refresh places.
These include BAM, B+K, Graham, Kier, McAlpine, Morgan Sindall, Wates and…
Hill hits record £90m profit as homes pipeline swellsHouse builder Hill has broken its profit record with pre-tax earnings topping £90m, up 29% from £70m last time.
Turnover edged up slightly to £1.15bn, but Hill’s net assets soared to £432m as the group poured more into land investment and new homes delivery.
Over the year to March 2025, Hill delivered 2,811 homes across southern England…
Rayner unveils £39bn plan to build 300,000 social homesDeputy Prime Minister Angela Rayner will today unveil details of a £39bn house building drive for the next 10 years aiming to deliver around 300,000 new social and affordable homes.
The new Social and Affordable Homes Programme will almost double the previous five-year £12.3bn Affordable Homes Programme, which targeted 130,000 homes by…
Keltbray bounces back with £3.2m profitKeltbray Built Environment has delivered a major turnaround, posting a £3.2m pre-tax profit last year, a sharp recovery from just £44,000 in the prior year.
Turnover rose 17% to £364m, while gross profit jumped 71% as the business tightened up opportunity selection and improved project delivery through its Integrated Project Model.
The model sees severa…
VINCI JV wins 500-home twin town centre revampsVINCI UK Developments and ION Property Developments have been named as the preferred development partners for major regeneration projects in Chester and Northwich.
Cheshire West and Chester Council’s Cabinet is set to rubber-stamp the appointment on 9 July following two separate procurement contests.
The two schemes will be delivered via a joint…
80 energy projects unlocked as Ofgem backs grid expansionOfgem has approved an initial £24bn five-year funding package to keep the UK’s gas infrastructure running safely and to begin a major upgrade of Britain’s electricity supergrid.
The decision kicks off the RIIO-3 price control period from 2026 to 2031 and includes funding for 80 electricity transmission projects aimed at connecting u…