A super joint venture between 17 UK construction firms is being put together by the government to help British companies secure work on complex international projects.
The Department for International Trade says its Infrastructure Exports: UK (IE:UK) partnership will make the UK more globally competitive. Global construction investment is expected to reach £12tn by 2030, with major contracts going to large JVs. The group includes large engineering consultants such as Atkins, Arup and Mott MacDonald.
The IE:UK partnership, co-chaired by international trade minister Greg Hands and Wates Group chairman James Wates, will meet three times per year to choose which projects to bid for.
“Global infrastructure investment is set to increase rapidly in the coming years and we must make sure UK firms are in prime position to take advantage of it,” said Hands.
“Our ‘Team UK’ approach will bring together leading UK infrastructure companies to showcase their expertise on a global scale and work together to successfully bid for the biggest contracts.”
The government-industry partnership builds on existing UK infrastructure export deals, such as a £9.3bn investment in Argentinian and Brazilian infrastructure projects from UK firms.
Wates said: “This is a timely, fresh and strategic approach. The UK has a wealth of expertise in developing major infrastructure projects. This is a great opportunity for business to work together, alongside the Government, to target overseas projects, as many countries around the world plan to develop their physical infrastructure to support their own economic growth.”
IE:UK firms represented
- Wates Group
- City and Guilds Group
- Bam Nuttall
- British Expertise International
- Mott MacDonald
- Lagan Construction
- Turner & Townsend