£302m upgrade funding awarded to FE colleges – listThe Government has set out the latest £302m funding to improve FE colleges across England.
The funding to fix leaky roofs, broken windows and dilapidated buildings is the first condition allocation for FE colleges in two years,
Large college groups such as NCG and Capital City College will receive more than £7m each.
Colleges in Greater…
Galliford Try gets go-ahead for Milton Keynes PRS towerGalliford Try’s Investments business has gained planning for a landmark 33-storey private rental tower block in central Milton Keynes.
The project at 599 Grafton Gate project will provide around 300 flats close to Milton Keynes Central railway station.
Galliford Try will now be developing the design information necessary to obtain a…
Small house builders get £150m funding for green homesHomes England has joined forced with lender Octopus Real Estate to create the Greener Homes Alliance 2 fund for small and medium-sized house builders.
The £150m pot will provide SME house builders with further loan finance for high-quality, energy efficient homes to be built across England.
The first phase of the alliance launched in 2021…
Breyer Group battles for survival as rivals circleSouth East housing maintenance contractor Breyer Group is fighting for survival after a flurry of winding up petitions from firms seeking payment.
Subcontractors have contacted the Enquirer claiming they are not being paid by the £80m revenue contractor.
Three firms resorted to issuing winding up petitions against Breyer this month alone. Two…
Careys facing £2.4m claim by developer over demolition cartelCarey Group is facing legal action from a developer which claims it was overcharged for demolition work caught up in the industry’s bid rigging scandal.
Carey owned Scudder was one of ten firms fined a total of nearly £60m in 2023 for illegally colluding to rig bids for demolition and asbestos removal contracts.
Hong Kong based…
Lendlease Construction renamed BovisLendlease Construction UK has been renamed Bovis after new US private equity owner Atlas Holdings completed the deal yesterday to buy the Australian firm’s UK contracting business.
The rebranding to Bovis resurrects the name retired 14 years ago and hails back to the company’s founding in 1885.
Bovis will be led by David Cadiot, who has been named chief…
Multiplex profit drops a third as revenue rises to £780mMultiplex Europe’s construction business reported pre-tax profits down by just over a third last year to £20m from revenue up 16% to £780m.
Operating margin at the business also slipped back in 2024 to 3.5% from last year’s high of 5.5%.
Multiplex Construction Europe managing director Callum Tuckett said the fall in profit reflected…
Galliford Try and Breheny land latest Sizewell C road dealsSizewell C has awarded more key contracts for road and infrastructure work as it moves forward in building the off-site infrastructure needed to help construct the nuclear power station on the Suffolk coast.
Galliford Try will build a new 6.5km Sizewell Link Road and 1.8km Two Village Bypass and Breheny Civil Engineering will construct…
M&E firm J S Wright collapsed owing £19mMidlands mechanical and electrical specialist J S Wright went down owing £19m to creditors.
The employee-owned contractor, which worked on several London high-rise residential schemes including Grenfell, collapsed into administration last month after being hit by cost inflation and reduced payment on its jobs.
According to a report from administrators…
Midlands developer turns to London with £1bn resi schemes trioMidlands property investment group SevenCapital has unveiled details of a £1bn expansion into the London residential market.
The business, founded in 2009 by chairman Bal Sohal and managing director Damien Siviter, is pressing ahead with three major pipeline projects in Kensington, Islington and the Isle of Dogs.
Subject to planning…