Over £7.9bn has been given to Tier 2 subcontractors and awarded to over 2,000 UK companies since the start of the project. SME’s secured £3.6bn of orders which equates to a 45% share of the entire project.   

Firms of all sizes have benefited with £1.9bn worth of work awarded to medium sized businesses (50-250 employees), £677million to small businesses (11-49 employees) and just over £1billion to micro businesses (1-10 employees).

However, the Government recently announced that all phases of HS2 from Manchester to London Euston will go ahead but certain aspects of construction will be delayed by up to 2 years in order to save money.

If you want to find out more about HS2 opportunities then click here.

Rail Minister Huw Merriman said: “These figures demonstrate the significant opportunities HS2 offers to UK businesses and supply chains. Not only is it transforming services on our railways, but it’s creating new opportunities for growth and supporting thousands of high-skilled jobs right across the country.

HS2’s supply chain is working at pace to provide a vast range of services including groundworks, archaeology, technology systems, and the manufacturing of parts, components and personal protective equipment.

Ruth Todd, Chief Commercial Officer at HS2 Ltd, said: “We’re working with specialist businesses and suppliers from across the UK to deliver Britain’s new high speed, low carbon railway. These firms are providing world-leading consultancy services, engineering solutions and products, with many going on to secure multiple contracts.

“Given the size and longevity of HS2, we’re able to provide businesses with a lasting pipeline of work, which is boosting confidence and prompting investment despite the challenging economic climate.”

Image credit FT

#hs2 #rail #projects #infrastructure