{"id":641504,"date":"2023-04-25T21:09:08","date_gmt":"2023-04-26T02:09:08","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/25\/north-west-receives-only-4-of-hs2s-subcontractor-spend\/"},"modified":"2023-04-25T21:09:08","modified_gmt":"2023-04-26T02:09:08","slug":"north-west-receives-only-4-of-hs2s-subcontractor-spend","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/25\/north-west-receives-only-4-of-hs2s-subcontractor-spend\/","title":{"rendered":"North West receives only 4% of HS2\u2019s subcontractor spend"},"content":{"rendered":"
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\"HS2_Old-oak-Common.jpg\"<\/p>\n

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HS2 has spent \u00a37.9bn on tier two contractors \u2013 but only 4 per cent of these have been with companies based in North West England.<\/p>\n

The publicly owned rail project has said it is \u201chelping to keep over 2,000 UK businesses afloat as they tackle difficult economic conditions\u201d, adding that \u00a33.6bn (45 per cent) of its subcontractor spend has been with SMEs \u2013 businesses with fewer than 250 employees.<\/p>\n

Newly-published figures (see below) show that HS2 has spent more on subcontractors in the regions surrounding its first phase, from London to Birmingham \u2013 with \u00a35.7bn (74 per cent) being spent with firms from the West Midlands, East of England, London or the South East.<\/p>\n

HS2 is now set to extend to Crewe and Manchester under its Phase 2 plans, but only \u00a3277m (nearly 4 per cent) of its subcontractor spend has so far been with firms based in North West England.<\/p>\n

In total, \u00a31.2bn (15 per cent) of subcontractor spend has been with firms from the North of England, with \u00a3668m (9 per cent) going to North East firms and \u00a3255m (3 per cent) going to firms from Yorkshire.<\/p>\n

Subcontractors in the East Midlands have received \u00a3331m (just over 4 per cent) from HS2, while \u00a31.7bn (23 per cent) has been shared by subcontractors in the West Midlands. An HS2 eastern leg was originally intended to stretch through East Midlands to Yorkshire, but was scrapped in 2021<\/a>.<\/p>\n

Meanwhile, 5 per cent of HS2\u2019s subcontractor spend was with businesses in Wales or South West England, while less than 2 per cent was with businesses from Northern Ireland or Scotland.<\/p>\n

Commenting on the figures, rail minister Huw Merriman said: \u201cThese figures demonstrate the significant opportunities HS2 offers to UK businesses and supply chains.<\/p>\n

\u201cNot only is it transforming services on our railways, but it\u2019s creating new opportunities for growth and supporting thousands of high-skilled jobs right across the country.<\/p>\n

\u201cThe benefits of HS2 will be felt for generations to come, creating extra capacity on our rail network and providing a sustainable option for travel, while boosting a skilled construction workforce in the process.\u201d<\/p>\n

Mark Pickard, managing director of West Midlands-Altrad RMD Kwikform, said: \u201cWorking on HS2 has given our business a timely boost, allowing us to rebound from the Covid-19 pandemic and giving us the impetus to invest in our people and hire more staff.<\/p>\n

\u201cWe\u2019ve worked on various parts of the project, securing multiple contracts over the last few years on sites in London, the Colne Valley and now in Birmingham, where we\u2019re helping to construct the viaduct that will bring high-speed trains into the city centre.<\/p>\n

\u201cWith years of construction still to go, we\u2019re confident that our work on HS2 will continue to bring stability, prosperity and growth to the business.\u201d<\/p>\n

How much money has HS2 spent with tier two contractors in each of the UK’s regions?<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Region<\/strong><\/td>\nSubcontractor spend (\u00a3m)<\/strong><\/td>\nProportion of overall spend (%)<\/strong><\/td>\n<\/tr>\n
East Midlands<\/td>\n331.663<\/td>\n4.35<\/td>\n<\/tr>\n
East of England<\/td>\n1,092.532<\/td>\n14.32<\/td>\n<\/tr>\n
Greater London<\/td>\n1,740.174<\/td>\n22.81<\/td>\n<\/tr>\n
North East<\/td>\n668.366<\/td>\n8.76<\/td>\n<\/tr>\n
North West<\/td>\n277.749<\/td>\n3.64<\/td>\n<\/tr>\n
Northern Ireland<\/td>\n38.682<\/td>\n0.51<\/td>\n<\/tr>\n
Scotland<\/td>\n92.379<\/td>\n1.21<\/td>\n<\/tr>\n
South East<\/td>\n1,251.311<\/td>\n16.40<\/td>\n<\/tr>\n
South West<\/td>\n235.712<\/td>\n3.09<\/td>\n<\/tr>\n
Wales<\/td>\n173.379<\/td>\n2.27<\/td>\n<\/tr>\n
West Midlands<\/td>\n1,726.497<\/td>\n22.63<\/td>\n<\/tr>\n
Yorkshire<\/td>\n255.185<\/td>\n3.35<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n7,883.629<\/strong><\/td>\n\u00a0(Source: HS2.)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Related articles<\/h3>\n<\/div>\n

Read More<\/a>
\n Will Ing<\/p>\n","protected":false},"excerpt":{"rendered":"

HS2 has spent \u00a37.9bn on tier two contractors \u2013 but only 4 per cent of these have been with companies based in North West England.The publicly owned rail project has said it is \u201chelping to keep over 2,000 UK businesses afloat as they tackle difficult economic conditions\u201d, adding that \u00a33.6bn (45 per cent) of its<\/p>\n","protected":false},"author":1,"featured_media":641505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1319,1839],"tags":[],"class_list":{"0":"post-641504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north","8":"category-receives"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/641504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=641504"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/641504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/641505"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=641504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=641504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=641504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}