The latest information from Builders’ Conference shows that the number of contracts awarded in January increased, following the traditional slowdown in December.

There were 551 contracts worth a total of £6.2 billion, which was 3% higher than the monthly average of £6.0 billion in the year prior to coronavirus between April 2019 and March 2020. Almost half of all the contracts awarded by value were housing (£2.9 billion), with road projects making up 15% (£962 million) and education projects 13% (£823 million).

The number of tender opportunities fell again compared to the previous month and remains 52% below the monthly average pre‐coronavirus.