“Balfour Beatty has recently announced plans to shut its Nottingham office due to a lack of business, even though recent statistics show that construction is on the up.
A closely watched survey, the Markit/CIPS purchasing managers index (PMI) has risen by more than expected from 57.6 to 59.1 Any score above 50 represents growth.
Local electrical contractor Lee Fisher who currently works for Oak Student Letts said,
“Everybody is fighting for work, there’s competition”.
“A few years ago there was a shortage of work but now there’s loads of work out there”.
Despite this growth Balfour Beatty has announced that it is going to move out of its Nottingham office because of a lack of business.
A statement released by Balfour Beatty said
“We remain committed to the East Midlands through our offices in Northampton and Solihull.
“Our decision to close our Nottingham office was based on a review of our business and where likely construction opportunities exist. We are simply integrating our support operations in to fewer offices.
“Around 30 of our employees are currently undergoing a consultation process with staff being re-deployed where other opportunities exist.
“These changes do not affect existing projects in the area”.
Nottingham City Council was asked what it thought about the Balfour Beatty and has released a statement.
“We are sorry to hear that Balfour Beatty will be closing its Nottingham office, especially given the large amount of construction work currently underway or in the pipeline in the city.
“Nottingham City Council alone is involved in a number of live construction projects including a four year programme to build 450 new council homes, redevelopment of Sneinton Market, Robin Hood Chase, Southglade Food Park, and major transport infrastructure projects across the city. Forthcoming projects also include the planned Unity Square development, the expansion of BioCity and the redevelopment of the Broadmarsh.
“In all the projects we undertake in Nottingham, the City Council is committed to procurement processes that are open and allow us to ensure local people benefit from the opportunities these projects bring.
“We appreciate the need for continuing investment in the city, which is why our attendance at events such as MIPIM, where we can market the city to developers, is so important, and ensures the pipeline of activity for Nottingham is kept moving.”