Concerns the construction sector has stalled post-Brexit have been alleviated after Kier wins a share of contracts worth over £5bn
Kier Group has numerous UK contracts in its pipeline worth over £5bn, it has emerged. The news suggests the firm has not been slowed by post-Brexit uncertainty and shows some areas of the construction sector remains robust.
The firm said it had won a number of new “framework award”, one of which is a four-year framework for the Department of Health worth £4bn. Kier will work alongside other providers on this project.
Other schemes in the pipeline include Gatwick Airport and the University of Cambridge. The projects are worth over £5bn in total but it is not clear how much of that will go to Kier.
Kier’s CEO Haydn Mursell said: “Such awards, which account for approximately half of our UK regional building revenues, enable us to work closely with our clients to deliver on their long-term requirements and they further bolster our strong Construction order book.”
Kier joins a number of construction firms seeing a rise in UK business, despite the sector hitting a seven-year low in the latest PMI survey.