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Foundations record a good year

NEWS

The foundations market rose beyond expectations in 2004, according to another Market & Business Development report published in March.

UK Foundations Market Development said a 6% increase took the sector to £523.2M, outstripping the predicted 2% rise to £496.7M anticipated in its September 2004 report (European Foundations winter 2004).

Piling accounted for 64% of the estimated total market of £337M, representing 6% growth. Underpinning showed similar growth last year, at 5%, taking it to £76.3M.

Ground improvement recorded an 8% increase taking the sector to £109.9M and a turnaround from the 1% decline in 2003.

The UK foundations market is predicted to grow by 23% in real terms between 2004 and 2009. Annual growth is expected to be about 5% from 2005 to 2007, slowing to 3% towards 2009. MBD expects housing demand to drive this growth, with a more moderate contribution from civil engineering.

Reader offer Both UK Contaminated Land Treatment Market Development and UK Foundations Market Development are produced by Market & Business Development.

They cost £550 each or £660 for an annual subscription of four reports. See www. mbdltd. co. uk.

GE readers can save 10% on both. Call 0161 247 8600 and quote 'Ground Engineering'.

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