Construction Archives | Page 2 of 13

Apprenticeship Construction Nationwide Sureties

Construction apprenticeships rise by 1.5% – but skills gap still looms

The UK construction sector has recorded its first increase in apprenticeship starts since 2021/22, according to new analysis from Protrade. While the 1.5% rise in new construction apprenticeships for 2024/25 offers some encouragement, the data also exposes ongoing weaknesses in the industry’s skills pipeline.

Protrade’s latest “State of Construction Apprenticeships in 2026” report found that 24,590 new apprentices entered the sector during 2024/25, compared with 24,230 the previous year. The increase reverses two consecutive years of decline and suggests the market may finally be stabilising after the post-pandemic slowdown.

Construction apprenticeships rise by 1.5% – but skills gap still looms — https://depositphotos.com/portfolio-1037987.html?content=photo

However, the figures remain significantly below what the industry actually needs. The Construction Industry Training Board (CITB) estimates that around 48,000 new workers are required every year to help meet housing and infrastructure targets. Current apprenticeship numbers are therefore only delivering around half of the annual workforce demand.

One of the report’s most positive findings is the continued growth in diversity across the construction workforce. Female apprenticeship uptake reached a record high in 2024/25, with 2,630 women beginning construction apprenticeships – a 9% increase on the previous year. Women now account for 10.7% of all new construction apprentices, up from 10% in 2023/24.

The rise in female participation is particularly significant for an industry that has historically struggled with gender imbalance. It also highlights changing perceptions around careers in construction, with more women considering skilled trades and technical roles as viable long-term careers.

Protrade’s analysis noted that recent growth in apprenticeship numbers is being driven “largely by improved female participation rather than broader sector growth.”

There was also strong progress in ethnic diversity. Apprenticeships taken up by people from ethnic minority backgrounds rose by 18% year-on-year to 2,270 starters, almost double the level recorded in 2018/19.

Regionally, the picture was mixed. The North West remained the UK’s strongest region for apprenticeship starts with 4,240 new entrants, while the East Midlands recorded the fastest growth rate at 8%. London, despite a modest increase, continued to rank lowest overall for apprenticeship numbers.

Despite the encouraging headlines, several underlying concerns remain. Recruitment among traditional younger age groups continues to stagnate, with apprenticeship starts among 16 and 17-year-olds either flat or declining. This is worrying for an industry already facing an ageing workforce and long-term labour shortages.

The report also highlighted the challenges faced by SMEs, which form the backbone of the UK construction industry. Many smaller firms still struggle with the cost, administration and training requirements associated with taking on apprentices.

Craig Sanders, joint managing director at Protrade, said the industry must do more to support SMEs and improve engagement with younger people entering the workforce. He argued that simplifying apprenticeship processes and increasing incentives for employers would help boost uptake across the sector.

Sanders also believes construction needs to better promote itself as a future-focused and environmentally driven industry. He said: “Positioning construction apprenticeships as a route into climate-positive, future-proof careers” could help attract more school leavers into the sector.

This is particularly relevant as the government’s net-zero ambitions increase demand for green construction skills, including retrofit, insulation and heat pump installation. Yet many young people still fail to associate construction with sustainability and innovation.

The latest figures therefore present a mixed picture for the industry. On one hand, the growth in female and diverse entrants demonstrates that efforts to widen access and modernise perceptions of construction are beginning to deliver results. On the other, the overall increase remains modest and far below the level needed to address the sector’s growing skills shortage.

Ultimately, the 1.5% rise may mark the beginning of a recovery, but it is not yet evidence of a fully functioning apprenticeship pipeline. Without greater support for employers, stronger engagement with younger workers and a more coordinated long-term strategy, the construction industry risks falling short of the workforce required to meet the UK’s ambitious housing and infrastructure goals.

Construction Nationwide Sureties News

How the Iran Conflict could ‘paralyse’ the construction industry

The ongoing Iran conflict is sending shockwaves far beyond geopolitics, with mounting evidence that the global construction sector could face severe disruption. According to Pick Everard’s Market Intelligence Report 2025, escalating instability in the Middle East is already influencing supply chain, costs, and investor confidence. If these pressures continue unchecked, the report warns, the construction industry risks becoming effectively “paralysed”.

At the heart of the issue lies the globalised nature of construction. Modern projects depend heavily on international supply chains for materials such as steel, cement, glass, and mechanical components. The Iran conflict threatens key shipping routes, particularly through the Strait of Hormuz, a critical artery for global energy supplies. Any disruption here has a cascading effect on oil and gas prices, which in turn drives up manufacturing, transportation, and operational costs across construction projects worldwide.

Energy prices are a particularly acute concern. Construction is an energy-intensive sector, from material production to on-site operations. Rising fuel costs increase the price of raw materials while simultaneously inflating logistics expenses. This double impact places enormous strain on project budgets, many of which are already finely balanced. As a result, developers may delay or cancel projects, leading to reduced activity across the industry.

The Pick Everard report highlights that uncertainty is proving just as damaging as actual disruption. Investors and developers are increasingly hesitant to commit to new projects in such a volatile environment. This “watch and wait” approach is slowing decision-making and stalling pipelines, creating a bottleneck that could significantly hinder growth.

Gavin Mason, Operations Director at Pick Everard, emphasises that inaction poses a major risk. He said that sitting tight is not an option and urged construction companies to adopt a proactive risk-management approach.

“It’s not a lack of intent that is the issue now,” he said, “but a ‘watch and wait’ mentality that is threatening growth.

“The problem is that the shockwaves from the Iran war are likely to be felt by construction for some time – regardless of how peace talks play out. In these volatile times, we need to collaborate and foster agility through strategies like advanced procurement and data sharing.”

This perspective reflects a broader industry concern: that hesitation could compound the challenges already facing construction. Labour shortages, inflation, and regulatory pressures were already testing resilience before geopolitical tensions intensified. The Iran conflict adds another layer of complexity, increasing the likelihood of project delays, cost overruns, and contractual disputes.

Supply chain fragility is another critical factor. Many construction firms rely on just-in-time delivery models to manage costs and efficiency. However, geopolitical instability exposes the vulnerability of this approach. Delays at ports, sanctions, or restricted trade routes can quickly disrupt schedules. The report suggests that companies may need to rethink procurement strategies, including diversifying suppliers and holding greater stock reserves, even if this increases short-term costs.

Insurance and risk premiums are also rising. Projects in regions perceived as high-risk may face higher financing costs or difficulty securing investment altogether. This tightening of financial conditions could further restrict the flow of capital into construction, particularly for large-scale infrastructure and commercial developments.

Despite these challenges, the report underscores that the industry is not without options. Proactive risk management is a recurring theme, with an emphasis on collaboration, innovation, and data-driven decision-making. Advanced procurement strategies, for example, can help firms secure materials earlier and at more stable prices. Meanwhile, improved data sharing across the supply chain can enhance visibility and allow companies to respond more quickly to disruptions.

Digital tools and predictive analytics are also gaining importance. By modelling different scenarios, firms can better anticipate risks and plan contingencies. This shift towards a more agile and responsive operating model could help mitigate the worst effects of geopolitical instability.

However, adopting these strategies requires a cultural shift within the industry. The traditional reactive approach—waiting for clarity before acting—is no longer sufficient in a world characterised by constant uncertainty. Instead, companies must embrace a mindset of continuous adaptation, where risk is actively managed rather than passively endured.

The potential for paralysis arises when uncertainty, rising costs, and delayed decision-making converge. If too many stakeholders adopt a cautious stance simultaneously, the entire ecosystem slows down. Projects are postponed, supply chains contract, and confidence erodes. In such a scenario, even firms that are willing to proceed may find themselves constrained by external factors beyond their control.

Ultimately, the Iran conflict serves as a stark reminder of how interconnected the construction industry is with global events. While the immediate impacts are being felt through costs and supply chains, the longer-term consequences could reshape how the sector operates. Companies that act decisively, invest in resilience, and embrace collaboration are more likely to navigate the turbulence successfully.

Those that do not, risk being caught in a cycle of hesitation and delay—one that could indeed leave the industry “paralysed” at a time when infrastructure development and economic growth are more critical than ever.

Construction Health and Safety Nationwide Sureties

Ling Developments Limited fined by HSE for repeated safety breaches

Ling Developments Limited has been fined by the Health and Safety Executive (HSE) after a sustained pattern of safety failings across multiple construction sites, highlighting serious shortcomings in the company’s approach to worker welfare and regulatory compliance. The case underscores the increasing willingness of regulators to take decisive enforcement action where repeated breaches occur.

Background to the prosecution

The Wolverhampton-based construction firm was investigated following an HSE inspection in April 2024 at its site in Telford. Inspectors identified fundamental failures in welfare provision, including the absence of hot or warm running water in toilet facilities and a lack of suitable rest areas for workers.

These deficiencies are not minor administrative oversights but breaches of core legal requirements under the Construction (Design and Management) Regulations 2015, which mandate that employers provide adequate washing facilities, rest areas, and provisions for workers to eat meals safely.

As a result of the inspection, HSE issued two improvement notices, legally requiring Ling Developments Limited to bring the site up to standard.

A pattern of repeated non-compliance

Crucially, the Telford inspection was not an isolated incident. Investigators found that Ling Developments Limited had breached the same regulations on three previous occasions at other sites, demonstrating a persistent failure to address known risks.

Despite earlier enforcement action and direct guidance from HSE inspectors, the company continued to provide substandard welfare facilities across four separate construction locations. This pattern of non-compliance was central to the prosecution and ultimately influenced the severity of the penalty.

The HSE concluded that the repeated breaches indicated a systemic issue within the organisation, rather than isolated lapses in site management.

Court outcome and penalties

Ling Developments Limited pleaded guilty to breaching Regulation 13(4)(c) of the Construction (Design and Management) Regulations 2015. The case was heard at Birmingham Magistrates’ Court on 13 April 2026.

The company was fined £15,858 and ordered to pay an additional £3,858 in costs.

While the financial penalty may appear modest compared to larger corporate prosecutions, the case carries significant reputational implications, particularly given the repeated nature of the offences.

HSE response and key quotes

HSE inspector Natalie Spurrier delivered a clear message regarding the importance of basic welfare standards on construction sites. She stated: “The provision of suitable welfare facilities… are the minimum all workers should expect – they aren’t a luxury.”

She further emphasised the risks posed by non-compliance: “Failing to comply with legal obligations… places workers at unnecessary risk.”

The regulator’s comments reflect a broader enforcement stance that views welfare provision as a fundamental component of site safety, not an optional extra.

Analysis: why this case matters

This prosecution highlights several important themes within UK construction safety enforcement. First, it reinforces that basic welfare provisions—such as access to clean water and rest facilities—are treated as essential legal requirements. Failure to meet these standards can trigger enforcement action even in the absence of a major incident.

Second, the case demonstrates that repeat offenders face heightened scrutiny. The fact that Ling Developments Limited had previously breached the same regulations significantly strengthened the HSE’s case and illustrates how regulators track and respond to patterns of behaviour over time.

Third, it signals a continued focus by the HSE on holding principal contractors accountable. Under current legislation, responsibility for welfare standards cannot be delegated; contractors must ensure compliance across all sites they control.

Wider implications for the construction sector

For the wider construction industry, this case serves as a cautionary example. Companies operating across multiple sites must ensure consistent compliance, as failures in one location can contribute to enforcement action across the business as a whole.

It also highlights the importance of responding promptly to improvement notices. Ignoring or inadequately addressing regulatory warnings can escalate enforcement from advisory action to prosecution.

Ultimately, the Ling Developments case reinforces a clear regulatory message: repeated neglect of worker welfare will not be tolerated, and organisations that fail to meet their legal obligations risk both financial penalties and reputational damage.

Construction Developers Government Policy Nationwide Sureties

Homes England and Richborough debt facility

The recent agreement between Homes England and Richborough for a multi-million-pound debt facility marks a significant intervention in England’s housing market. Positioned as one of the first deals under the newly created National Housing Bank, the partnership reflects a strategic shift towards tackling structural barriers in housing delivery—particularly the shortage of “consented land”.

This article explores the rationale behind the decision, the mechanisms involved, and the broader implications for housing supply, planning, and investment.

A Strategic Funding Intervention

The debt facility is designed as a flexible, long-term financing arrangement that enables Richborough to invest earlier and more extensively in land acquisition and planning applications. Unlike traditional development finance, this model focuses on the pre-construction phase—arguably the most constrained part of the housing pipeline.

Homes England has confirmed that the funding will support continued investment in new sites and accelerate planning activity across England, ultimately increasing the availability of land with planning permission.

Richborough’s role as a land promoter is central to this strategy. The company identifies land, secures planning permission at its own risk, and then sells “oven-ready” sites to housebuilders. By backing this stage of the process, Homes England is targeting a critical bottleneck in housing delivery.

Addressing the Planning System Bottleneck

One of the primary drivers behind the agreement is the growing inefficiency of the planning system. Decision times for major applications are now reportedly three times longer than they were a decade ago, creating delays that ripple across the entire development pipeline. (GOV.UK)

This slowdown has shifted the nature of the housing crisis. While access to development finance remains important, the more pressing issue is the limited flow of consented land. Without planning approvals, even well-capitalised developers cannot build.

By providing long-term capital, the debt facility enables Richborough to sustain momentum through extended planning timelines. This reduces the risk of stalled projects and ensures a steadier pipeline of sites ready for construction.

Scaling Up Housing Delivery

A key objective of the deal is to accelerate housing output in line with the government’s target of delivering 1.5 million homes during the current parliament.

The scale of ambition is substantial. The partnership is expected to help bring forward land capable of supporting more than 26,000 homes by 2030, with a projected gross development value exceeding £8 billion.

In the shorter term, Richborough plans to submit over 30 planning applications in 2026 alone, covering approximately 12,500 homes. This represents a significant increase in activity and highlights how access to capital can directly influence planning throughput.

The Role of the National Housing Bank

The agreement also serves as a test case for the National Housing Bank, a new government-backed vehicle aimed at unlocking housing and regeneration projects that the private market struggles to deliver independently.

Operating within Homes England, the Bank provides flexible financing across a range of structures, including debt, equity, and guarantees. Its purpose is not merely to inject capital, but to crowd in private investment and de-risk complex or long-term projects.

The Richborough deal illustrates this approach in practice. By supporting a land promoter rather than a housebuilder, the Bank is intervening earlier in the development lifecycle—where risks are higher but potential impact is significant.

Supporting the Wider Housing Ecosystem

Another important dimension of the agreement is its indirect impact on the broader housing sector. By increasing the supply of consented land, the facility benefits a wide range of stakeholders, including major housebuilders, housing associations, and small and medium-sized developers.

This is particularly relevant for SMEs, which often lack the resources to navigate complex planning processes independently. A larger pool of ready-to-develop sites lowers barriers to entry and promotes competition within the market.

Furthermore, the approach aligns with a “placemaking” agenda, ensuring that new developments are planned comprehensively before construction begins. This can lead to better-designed communities and more sustainable outcomes.

Economic and Market Implications

From an economic perspective, the deal reflects a growing recognition that housing supply constraints are as much about process as they are about funding. While increasing capital availability is important, it must be targeted effectively to address systemic inefficiencies.

The focus on land promotion suggests a shift towards upstream interventions—supporting the earliest stages of development to unlock downstream activity. If successful, this model could be replicated across other partnerships and regions.

However, the impact will not be immediate. As industry observers note, there remains a significant lag between planning approval and completed homes entering the market. This means that while the agreement may strengthen the pipeline, it will take time before it translates into increased housing supply on the ground.

A Long-Term Solution to a Structural Problem

Ultimately, the Homes England–Richborough debt facility is a strategic response to a structural issue within the UK housing system. By addressing the shortage of consented land and mitigating planning delays, the partnership aims to unlock a more consistent and scalable delivery model.

The decision reflects a broader policy shift towards proactive, government-backed investment mechanisms that work alongside the private sector. Rather than relying solely on market forces, initiatives like the National Housing Bank seek to intervene where barriers are greatest and impact is highest.

If the model proves effective, it could play a crucial role in reshaping how housing is financed and delivered in England—moving the sector closer to meeting long-term demand.

Brownfield Construction Developers

Developers selected for Furnace Hill Regeneration in Sheffield

Sheffield is set to undergo one of its most ambitious urban regeneration projects in recent years, with plans to transform industrial brownfield land into vibrant new neighbourhoods. Central to this vision is the redevelopment of the Furnace Hill site, where a carefully chosen team of developers will deliver up to 750 new homes as part of a broader scheme that, in total, could yield around 1,300 homes across adjacent neighbourhoods.

The regeneration initiative is a collaborative effort between Sheffield City Council and Homes England, the government’s housing and regeneration agency. This partnership has appointed a trio of developers to lead the transformation of brownfield land at Furnace Hill and the nearby Neepsend site, breathing fresh life into areas long characterised by disused industrial buildings and unfinished infrastructure.

At Furnace Hill, the development will be driven by a joint venture between two well-established regeneration specialists: Capital&Centric and Great Places Housing Group. These firms have been selected for their combined expertise in delivering high-quality homes, community-focused design and sustainable neighbourhoods.

Capital&Centric is a Manchester-based developer with a strong reputation for revitalising urban spaces. Its projects across the North West and Yorkshire have emphasised not just housing delivery, but holistic community impact. The company pairs residential development with public realm improvements, creative workspaces and innovative community programmes.

Meanwhile, Great Places Housing Group is one of the UK’s largest housing associations, with significant experience in delivering affordable and sustainable homes. Its involvement in Furnace Hill reflects a commitment to creating mixed-tenure neighbourhoods where a blend of affordable, rented and owner-occupied properties can support long-term social stability.

Under the joint venture, the Furnace Hill scheme will deliver around 750 homes. These will be split evenly between affordable housing, homes for purchase and build-to-rent units, helping to ensure a diverse and inclusive community that meets a range of housing needs.

In a statement marking the appointment, Cllr Tom Hunt, Leader of Sheffield City Council, emphasised the importance of regenerating brownfield land to meet local housing demand. He described the plans as a key part of Sheffield’s long-term strategy to build 20,000 new homes in the city centre, reinforcing the council’s ambition to offer quality, affordable housing options for residents at all stages of life.

The joint venture partners have also spoken publicly about their aspirations for the site. John Moffat, Joint Managing Director at Capital&Centric, highlighted the strength of the partnership with Homes England and the potential to “unlock complex brownfield sites and create the neighbourhoods cities need.”

Echoing this sentiment, Helen Spencer, Executive Director of Growth at Great Places, said that the regeneration reflected the organisation’s focus on long-term, community-centred investment. She underscored the importance of creating “green spaces and vibrant, well-connected neighbourhoods” that will serve local people for generations.

While the Furnace Hill site will form the larger portion of the housing total, the Neepsend site will be delivered separately by igloo Regeneration, which is responsible for around 430 homes of its own. Although Nesspend is technically a different project, the proximity and combined impact of both schemes support Sheffield’s broader urban growth ambitions.

igloo Regeneration brings its own pedigree to the city. As part of the Places for People group, igloo has a track record in delivering high-quality, sustainable developments with an emphasis on people-centred placemaking. Its portfolio includes projects in cities such as Nottingham and Leeds, and its approach to Neepsend includes integrated public spaces and heritage-focused design elements.

Funding for the project has also been supported by a significant government investment. In 2024, Homes England secured around £67 million in funding for land assembly and enabling infrastructure, a key enabler for progressing both Furnace Hill and Neepsend from plans to reality.

This regeneration scheme forms part of Sheffield’s wider strategy to revitalise under-utilised land and support sustainable urban growth. By reusing previously developed land, the city aims to accommodate increased housing demand while preserving greenfield sites and enhancing transport links, including connections to the city’s tram network.

In summary, the developers selected for the Furnace Hill regeneration represent a blend of housing sector expertise, regeneration vision and community focus. Capital&Centric and Great Places Housing Group will lead the transformation of the site into a mixed-tenure neighbourhood, supported by robust government investment and local authority ambition. Their involvement marks a significant milestone in Sheffield’s ongoing efforts to deliver quality housing and vibrant communities for the 21st century.

Construction Nationwide Sureties News

Futurebuild and UK Construction Week London to unite in 2026

In a landmark move for the UK construction sector, UK Construction Week London and Futurebuild will come together from 12–14 May 2026, creating a new national platform for the built environment at Excel London.

The collaborative co-location will form the UK’s Built Environment super event, designed to reflect the full scale, complexity and ambition of an industry facing unprecedented change.

Futurebuild and UK Construction Week London to unite in 2026 — Image: UK Construction Week London

Together, the events will bring 25,000 built environment professionals, 600+ exhibitors and 700+ speakers across 14 dedicated stages under one roof – making it the largest and most comprehensive construction event in the UK calendar.

Two distinct shows. One connected destination

While collaborating closely, UK Construction Week London and Futurebuild will retain their own powerful identities, communities and curated content, ensuring clarity of purpose alongside the benefits of scale and connection.

Futurebuildwill remain the UK’s leading event for sustainability, Net Zero and innovation in the built environment. It will continue to deliver highly respected CPD-accredited content, connecting architects, designers, local authorities and developers with ideas and solutions driving low-carbon construction, circular materials and large-scale retrofit. This leadership is anchored by The National Retrofit Conference, a flagship forum for policymakers, housing providers and Net Zero leaders.
UK Construction Week Londonwill continue to champion the practical delivery of construction projects, bringing a hands-on, solutions-led focus to the industry. The event connects contractors, housebuilders, trades and engineers with the tools, systems and skills needed on site, supported by live demonstrations, immersive features and CPD-accredited content grounded in real-world delivery.

Expanding the materials and finishes offer

Alongside Futurebuild and UK Construction Week London, The Stone & Surfaces Show will also take place at Excel London, adding a specialist focus on natural stone, surfaces, finishes and materials. Its inclusion strengthens the event’s materials and interiors offer, creating new opportunities for crossover between design, specification and installation.

The power of coming together

This collaboration responds directly to the industry’s call for greater cohesion, clearer leadership and more connected experiences, at a time when meeting net zero targets, modernising skills and decarbonising the built environment have never been more urgent.

By bringing together Futurebuild’s sustainability leadership and systems-level thinking, UK Construction Week London’s scale and delivery focus, and The Stone & Surfaces Show’s specialist materials expertise, the co-located event creates a 360-degree experience — from vision and innovation through to specification, materials and on-site implementation.

Martin Hurn, Event Director, Futurebuild, commented: “This is about creating one connected platform that reflects how the industry actually works – from vision to specification to delivery.

“Futurebuild will continue to lead on sustainability and long-term systems thinking, and collaborating with UK Construction Week London enables us to extend that influence into the practical, on-site world, turning ideas into real impact across the supply chain.”

Sam Patel, Divisional Director, UK Construction Week London, added:

“UK Construction Week London has always championed scale, experience and solutions that matter to those delivering projects on the ground. Collaborating with Futurebuild and The Stone & Surfaces Show unlocks new depth and strategic value, creating a destination that is richer, more relevant and more valuable to every part of the built environment.”

Commercial scale. Strategic reach. Connected opportunity

For exhibitors, the co-location delivers a step change in commercial opportunity, bringing together specifiers, consultants and sustainability leaders with contractors, housebuilders, engineers and delivery partners.

Benefits include:
●   Expanded reach and cross-sector visibility
●   Increased dwell time and more connected visitor journeys
●   Stronger alignment between specification, materials and delivery
●   Higher-quality leads across fast-growth markets such as retrofit, digital construction, offsite and sustainable materials

One destination. One vision. One future

The UK Built Environment Super Event will serve as the new national platform for innovation, skills and sustainable delivery, showcasing solutions across:

Retrofit and Net Zero systems
●   HVAC, heating and building services
●   Circular and low-impact materials
●   Offsite and modern construction methods
●   Tools, plant and equipment
●   Digital construction, ConTech and AI
●   Stone, surfaces and finishes

This is where the future of the built environment connects.

Construction Nationwide Sureties

Former Carillion Directors fined by Financial Authority for misleading investors

Former Carillion Directors Fined by Financial Authority for Misleading Investors In a significant regulatory action nearly eight years after Carillion’s collapse, the UK’s Financial Conduct Authority (FCA) has fined two former finance directors of the now-liquidated construction and outsourcing giant for misleading investors about the company’s financial health in the period leading up to its downfall.

What Happened?

On 7 January 2026, the FCA confirmed it had imposed fines totalling £371,700 on Richard Adam and Zafar Khan for their role in issuing misleading statements about Carillion’s financial position. Adam received a penalty of £232,800 and Khan £138,900 after both men withdrew their challenges to the FCA’s findings, effectively accepting the regulator’s conclusions.

The regulator found that both directors were aware of serious financial troubles in Carillion’s UK construction business but failed to reflect this in public disclosures or properly alert the board and audit committee, contributing to poor oversight and misinformed investors.

FCA’s Statement on Accountability

Steve Smart, joint executive director of enforcement and market oversight at the FCA, emphasised the duty senior executives have to markets and investors: “Those in positions of responsibility have a duty to keep the market accurately and adequately informed. With Carillion, we have seen the serious impact it can have when they don’t. The action taken against Mr Adam and Mr Khan demonstrates our commitment to preventing market abuse and upholding the standards we expect.”

The FCA concluded that both directors acted recklessly and were knowingly concerned in breaches of the Market Abuse Regulation and Listing Rules, which require clear, truthful disclosure of material financial information.

Carillion’s Collapse: A Reminder of Broader Impact

Carillion’s liquidation in January 2018 triggered one of the largest corporate failures in UK history. The company went into administration with debts around £7 billion, leaving thousands of employees redundant and causing widespread disruption across hundreds of public contracts, including infrastructure and hospital projects.

The fallout affected supplier chains, subcontractors and public services, thrusting corporate governance and financial reporting standards into the spotlight. For the logistics and construction sectors, Carillion’s collapse remains a cautionary tale about risk management and transparency in long-term contracts.

Political and Regulatory Reactions

While the FCA’s latest action focuses on accountability, politicians and industry figures have previously criticised the regulatory framework for being slow to act and inadequate in preventing such corporate failures.

A senior MP on the Business, Energy and Industrial Strategy Committee commented in a recent session: “Carillion exposed deep weaknesses in corporate governance and regulatory oversight. Real reform means ensuring that executives are held accountable quickly and clearly for misleading markets and that investors and taxpayers are protected.”

Calls for legislative and regulatory reform have continued, particularly around audit quality, board accountability, and early warning systems for investors. The Carillion fallout has spurred debates in Westminster on tightening directors’ duties and enhancing transparency for large contractors working with public funds.

What This Means for Investors and Directors

The FCA’s enforcement action reinforces that regulators will pursue former executives for past misconduct, even years after a collapse. For current and future directors in corporate Britain, the message is clear:

Transparent financial reporting isn’t optional – it’s a legal obligation.
Directors must ensure that systems and controls accurately capture and disclose financial risks.
Regulators will hold individuals, not just companies, accountable for market abuse and misleading information.

For investors, the FCA’s penalties may offer a measure of confidence that regulatory bodies are prepared to enforce accountability, albeit belatedly, as UK markets aim to rebuild trust after high-profile failures like Carillion.

Construction Contracts Developers Nationwide Sureties

Clegg Construction secures Gateway 2 approval for £46m Sheffield build-to-rent scheme

Clegg Construction has secured Gateway 2 approval for a £46 million, 12-storey build-to-rent development in Sheffield, clearing a key regulatory hurdle under the Building Safety Act.

The Nottingham-based contractor, working on behalf of Liverpool developer Brickland, has received formal sign-off from the Building Safety Regulator for the 267-apartment Nursery Street scheme, allowing construction to progress.

Gateway 2 approval confirms that the design and construction plans meet the enhanced safety requirements introduced for higher-risk residential buildings, particularly those exceeding 18 metres in height.

Michael Sims, managing director at Clegg Construction, said: “Securing Gateway 2 approval from the Building Safety Regulator confirms that this development in Sheffield meets the most stringent of safety requirements.

“This approval means that we can now proceed to the next stage, with enabling work starting on site to deliver this 12-storey concrete-frame apartment project.”

The scheme will be delivered using a concrete frame construction, with enabling works now scheduled to begin following regulatory clearance.

Project team appointed

The professional team appointed to deliver the Nursery Street development includes:

Architect: Hadfield Cawkwell Davidson
Built environment consultancy: Ridge
MEP consultant: Futurserv
Project manager and quantity surveyor: Egan Lucocq
Fire engineering: Design Fire Services

The development forms part of Sheffield’s growing build-to-rent sector, responding to continued demand for professionally managed rental accommodation in the city centre.

The Nursery Street project adds to a strong pipeline of residential schemes for Clegg Construction. The contractor has recently completed The Ironworks in Sheffield, a 12-storey residential building providing 229 apartments.

Elsewhere, Clegg has delivered Spinners Yard in Leeds and Gilders Yard in Birmingham, further strengthening its presence in the build-to-rent and urban residential markets.

Alongside residential development, the contractor remains active across non-residential construction in Sheffield, and is currently delivering a new Faculty of Health building at the University of Sheffield.

Construction Contracts Nationwide Sureties Public Works Contract

Engineers with a head for heights rock up for specialist work

Engineers have been scaling the heights to carry out strengthening work on steep slopes above Gloucester as part of National Highways’ A417 Missing Link scheme.

Running up and over the Cotswolds escarpment in dramatic Jurassic limestone cuttings, the landscape-led scheme is creating a free-flowing 3.5-mile dual carriageway link between the Brockworth bypass and the Cowley roundabout in Gloucestershire.

Navigating the escarpment, which has one of the highest inland concentrations of landslides in the country, has presented the company and contractor Kier with one of its biggest engineering challenges.

Engineers have been scaling the heights to carry out strengthening work on steep slopes above Gloucester as part of National Highways’ A417 Missing Link scheme — The excavated cuttings across the Cotswold escarpment

Two deep cuttings – 50 metres wide and up to 19 metres in height – have been excavated through the limestones to make way for a half-mile section of the new road.

And following excavation, a team of dentitions from engineering specialists GT Jones are now climbing the escarpment with safety ropes to clear loose material from the rock faces and repair and strengthen any faults and voids.

The aim of the scheme is to blend the new dual carriageway into the natural surroundings and enhance the special character of the area – reconnecting landscape, ecology and geology.

And once the road crosses the top of Crickley Hill, it will effectively be hidden from view by false embankments, while the deep rock cuttings will make visible the unique foundations of the Cotswold landscape.

The current rock climbing work will play a vital role in preventing future weathering and instability of the slopes, while creating a natural looking and improved finish.

National Highways Senior Project Manager Celine Acard said: “It’s amazing, specialised work and another example of the many unseen facets of work going into construction of the new dual carriageway.

“Our work on this vital scheme goes beyond simply building a new road, but also helping to preserve and enhance the landscape, and we’re really proud of all the engineering, environmental and ecological work being carried out as part of this project.

Ed Jones, Commercial Manager at GT Jones, said: “We’re proud to support the A417 Missing Link dentition works which requires specialist personnel, IRATA rope-access capability, and equipment designed for operating safely on steep and unstable rock faces.

“We’ve built strong experience in rock stabilisation, fissure remediation, and slope-engineering projects, and we’re applying that expertise directly here on the A417. By combining controlled descaling, targeted remediation, and engineered backfilling, we’re able to restore the structural integrity of the limestone escarpment and support Kier and National Highways in delivering a long-term, resilient solution.”

The scheme is progressing well and the construction of an underbridge at the top of the escarpment this year will enable a traffic switch from the existing A417 early in the new year, when drivers will be able to travel on a stretch of the new road in early 2026.

Supporting the landscape vision of the scheme, National Highways is continuing to work with stakeholders to maximise environmental benefits.

Alongside the programme of dry stone walling, environmental work is continuing with the planting of trees, along with hedges, and the creation of woodland and grasslands to improve sustainability.

So far, 17,000 trees have been planted, the programme of planting and seeding will continue into the spring and following completion of the project, a five-year maintenance period will follow to ensure the successful bedding in and growth of all new trees and shrubs.

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Construction industry reacts with relief to the 2025 Budget

The construction sector’s response to Chancellor Rachel Reeves’s 2025 Autumn Budget was a mixture of cautious welcome and frustration. Industry bodies praised measures aimed at planning capacity and skills but warned that higher taxes, wage rises and a lack of support for retrofit risk blunting the Budget’s positive signals for housing and infrastructure.

Ministers scored a clear win with a commitment to boost planning capacity. The Federation of Master Builders (FMB) highlighted the Government’s pledge of £48 million over three years to strengthen planning departments — a move the FMB described as “welcome” given long-standing delays that hold up projects. At the same time the FMB flagged omissions: the Budget offered no new national retrofit strategy and the Energy Company Obligation (ECO) is being scrapped, leaving a gap in support for home upgrades.

Construction industry reacts with relief to the 2025 Budget — https://depositphotos.com/portfolio-3957801.html?content=photo

Housebuilders welcomed one specific reversal. Neil Jefferson, chief executive of the Home Builders Federation (HBF), said it was “encouraging that the Chancellor has listened to industry concerns and chosen not to impose the 3000% increase in Landfill Tax consulted on earlier in the year,” but warned that even the revised measures still “represent an increase in tax on development when the economics of home building are already challenged.” The HBF urged ministers to tackle worsening scheme viability and a lack of support for potential homebuyers.

Merchants and suppliers voiced disappointment that the Budget lacked a strong growth stimulus for the sector. John Newcomb, CEO of the Builders Merchants Federation (BMF), criticised the package as “small incremental measures,” adding: “We needed to see a jumpstart to get the sector moving… The Budget has not done enough to bridge the gulf between the Government’s ambition to build 1.5 million new homes by July 2029, and the state of today’s market.”

Larger construction firms and professional services gave a more nuanced reading. David Young, chief executive of Bradfords Building Supplies, said: “Today’s Budget offers some positive signals for construction, particularly around housing ambition, skills and the transition to a lower-carbon economy. But it falls short of the reset the sector was hoping for. The real test will be how quickly planning is unblocked and investment flows into projects on the ground.”

Costs and labour remain dominant concerns. The Budget confirmed an increase in the National Living Wage (to £12.71 from April 2026) and froze income tax thresholds — measures that the FMB and BMF warned will squeeze margins for small firms and add pressure across the supply chain. Construction Management summarised the mood: with output fragile and workforce shortages persisting, “rising costs remain a major concern” that could push tender prices higher and curtail hiring.

Skills and apprenticeships were among the clearest positives. The Government announced free apprenticeship training for under-25s in small and medium-sized enterprises, a policy the FMB said should help firms recruit young talent without immediate training costs. Industry leaders urged prompt, practical rollout so apprenticeships translate quickly into on-site labour capacity.

Infrastructure certainty won plaudits but not complacency. Several commentators welcomed continued funding for major projects — such as the Lower Thames Crossing and other priority investments — because visible pipelines help the sector plan capacity and investment. James Corrigan, UK managing director for infrastructure at Turner & Townsend, described confirmed funding and pipeline clarity as “positive steps” but said government must now mobilise private investment to fill funding gaps.

Where the Budget disappointed most was its handling of retrofit and housing demand. Industry groups described the scrapping of ECO and the absence of a committed retrofit strategy as “missed opportunities” to mobilise skilled labour and long-term workstreams for SMEs. Meanwhile, housebuilders pointed to weak mortgage availability and affordability as barriers the Budget failed to address — constraints that blunt the impact of planning reforms and infrastructure spending on actual housing delivery.

What it means next: mixed but actionable. In the short term, firms will welcome reduced immediate risk from the most punitive tax proposals and the money for planning and skills. But many businesses say the Budget does not go far enough to fix structural problems: planning delays, project viability, labour shortages and the need for a national retrofit plan. If ministers and delivery bodies can translate the Budget’s commitments into faster planning decisions, clearer pipelines and targeted incentives for first-time buyers and retrofit work, industry confidence could recover. If not, firms warn the sector will remain fragile.

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