UK Trade & Investment has identified £10.9bn (€12.6bn) of civils work available to UK firms in the rest of the EU.
The work has been generated thanks to stimulus packages around the EU to deal with the economic crisis.
- France spending €700M on four new high speed railway lines.
- Germany will spend €2.7M on a contract for architecture, engineering and planning in Koblenz.
- Spain is spending €25M on a works contract for the construction of a University in Ceuta.
- Germany is spending €39.5M on railway equipment.
- Deutsche Bahn AG is spending €1.5bn to upgrade its railway coaches
Chief Executive of UKTI, Sir Andrew Cahn said: “The size and scale of the construction and infrastructure initiatives announced in France, Germany and Spain means there are plenty of opportunities for UK business to provide expertise and capabilities.
“It’s not just the projects themselves that are of interest to UK companies, but also the associated services and continuing supply opportunities.”
UKTI stresses that EU spending is transparent and tendering is open to companies in any EU member state. UKTI Business Specialist Steve Spalding says UK companies also have a competitive advantage due to the low value of the pound. “The requirement to achieve “value for money” currently offers UK suppliers a competitive advantage when pricing their products in euros,” he said.
UKTI is planning a series of regional seminars for companies interested in exploring these opportunities as part of its response to help British companies navigate their way through the downturn.