The aim is to help suppliers to plan ahead, invest in and grow their businesses, said Cabinet Office minister Chloë Smith.
Updated information has been published on proposed government construction projects through to 2020 and beyond.
The launch of the portal is in line with a policy to buy and manage government goods and services more efficiently and effectively.
Industry can use the forward-looking information to plan for the future based on what government proposes to build, construct or renovate in the coming years.
The new interactive portal is designed to help suppliers access the government’s Construction Pipeline data in a simple and accessible format. The Construction Pipeline is reviewed every six months to ensure new opportunities are reflected and more details are provided as they emerge. It has now been updated following the spending round for 2015 to 2016 to include further programmes and projects up to 2020 and beyond.
The latest update includes more than £3.3bn of new funding to build 165,000 affordable new homes in England over the next three years, £370m for flood defences and more than £40bn commitment to build High Speed 2. There will also be a trebling in annual investment in major road schemes by 2020/21 compared to today’s levels.
Smith said: “We know that being transparent about opportunities available in the public sector is exactly what suppliers need to start looking at their business, investing and boosting their capabilities.
“Regularly updating this information and providing construction suppliers with much earlier visibility of future opportunities within government gives UK business the knowledge they need to plan, get ahead of the game and grow. With more than £109 billion worth of future public construction contracts now up for grabs from now to 2020 and beyond, we are reinforcing our long-term commitment to rebalance the economy and help Britain get ahead in the global race.”
The portal can be accessed at www.uk-cip.org.uk.
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