Balfour commits to record £1bn spend with small firms

Aaron Morby 8 years ago
Share

Balfour Beatty is set to spend a record £1bn with small firms in its supply chain this year.

The spend, which will be the largest ever by a UK construction company, is a third up on last year’s level and is expected to bring a big jobs boost to Tier 2 and 3 firms.

The Prime Minister joined Nicholas Pollard, Balfour Beatty’s UK construction chief executive officer, as he unveiled the pledge to highlight the Government’s own goal of 25% of central Government spend going to small and medium sized businesses by 2015.

Pollard estimated the spend will help support around 200,000 jobs within smaller businesses, 50,000 more than in 2013.

Balfour Beatty’s UK construction business boasts over 8,000 active supply chain partners. More than three quarters of these are classified as small and medium sized firms.

Speaking at a Balfour student accommodation job in Westminster, the Prime Minister, said: “Giving businesses the confidence to invest and create jobs is a key part of our long term economic plan.

“Balfour Beatty’s commitment to spend a record £1bn on small and medium sized businesses this year is very welcome evidence that this plan is working – supporting thousands of jobs within small and medium businesses, which will give hard-working people economic security for the future.”

Pollard added: “We are delighted the Prime Minister could be with us today to celebrate our £1 billion spend with small businesses this year, 98% of which are British companies.

“Small businesses create local jobs and apprenticeships and they are the innovators, engineers and exporters of the future.

“We are committed to supporting them so that we can build a better Britain together; leaving a lasting legacy in the communities we touch across the UK.”

Jonathan Howard, Director at scaffolding firm Robert West, said: “The stability of our relationship with Balfour Beatty allows us to thrive and progress as a business and we welcome additional investment being targeted at smaller businesses like ours.

“We certainly support Balfour Beatty’s commitment to increasing spending with small and growing businesses like ours.”

 

Latest news

ISG pauses work on £300m gigaplant

Construction work rescheduled to reduce costs at giant car battery plant
2 hours ago

Tory leadership battle delays bidding for HS2 phase 2a

Prequalification for £5.2bn-£7.2bn route to Crewe put back to September
2 hours ago

Greswolde Construction goes under

Solihull contractor ceases trading with 24 jobs lost
3 days ago

Hanson on track for UK’s first net zero cement works

20 carbon capture projects shortlisted for £1bn funding
1 hour ago

Plan in for Nottingham 967-room student scheme

Vita submits plan for second major purpose built student sh
2 hours ago

Galliford Try gets go-ahead for next A47 dualling job

Early 2023 start for £200m section of A47 between North Tuddenham and Easton in Norfolk
2 hours ago

Designs revealed for £1bn London Blackfriars tower blocks

Fosters design landmark green office skyscraper and two blocks of flats for Southwark site
3 days ago

Everton stadium job still on budget despite inflation

Club and Laing O'Rourke confident they can still build new ground for £500m
3 days ago

Construction output falls 1.4% halting 7-month growth spurt

Fresh output and orders figures confirm summer construction slowdown
3 days ago

McLaren gets green light for £85m build-to-rent scheme

Construction set to start this autumn on major city centre development
3 days ago

BAM limbers up for £25m Bedworth leisure centre

Pioneering Warwickshire health and fitness hub to start this autumn
3 days ago

Keepmoat to start four-year build in Wigan

Major regeneration scheme to start across four sites
3 days ago

Solihull contractor Greswolde heading for administration

New investors took over business 12 months ago
4 days ago

Duo win £500m canal and river main works deal

Kier and Bentley bag Canal & Rivers Trust's largest ever water engineering works deal
4 days ago

Construction Manager of the Year finalists revealed

70 of the industry's brightest talents: Full list
4 days ago

Willmott Dixon fills new strategic change director role

Vistry Group change director joins private builder to support future growth
4 days ago

Work starts on £42m Oldham Spindles overhaul

Willmott Dixon signs off £42m deal to create new market, offices and event space
4 days ago

Firms wanted for Telford & Wrekin £1.6bn building works DPS

Call up for dynamic purchasing system covering building and refurbishment work
4 days ago

Kier pulls off contracts league double in July

Contractor bags highest value of new work and tops rolling 12 months ranking
5 days ago

Hinkley Point C giant water intakes craned onto seabed

Video: contractors complete one of the world’s most complex marine engineering projects
5 days ago

Taziker revenue jumps 30% to record £73m

Multi-disciplinary engineering specialist boosts headcount to 366 staff
5 days ago

Consultant buys scaffolding contractor

RSK Group makes MG Scaffolding its latest acquisition
5 days ago

M&E specialist gears up for £16m Aston Martin package

Major package award on McLaren Silverstone site
5 days ago

Plans in for Brentford 110-flat canalside scheme

Makers’ Yard mixed commercial and residential use scheme
5 days ago

WSP to buy consultant RPS Group for £591m

5,000 staff at Oxfordshire based firm to join WSP
6 days ago

Countryside puts offsite factory up for sale

Offers invited for Bardon plant which is less than a year old
6 days ago

M&E specialist Spie UK arm returns to profit

French parent group launches a strategic review of UK operations after performance stabilises
6 days ago

Site boss fined for locking out safety inspectors

Police called to enter site before fire fighters rescue workers stranded on roof
6 days ago

Rebid starts for £200m M5 junction job

Cost inflation forces retender for £200m junction 10 rebuild near Cheltenham
6 days ago

New Downing Construction boss named

Andy Thomas takes top job as Ian Orton steps back after 24 years
6 days ago

Contractor services