The underlying value of planning approvals fell 12 per cent in 2011 compared to the year before
The figures from industry monitor Glenigan show £29.8 billion worth of construction projects were approved last year compared to £33.8 billion for 2010. The data excludes projects worth over £100 million.
Glenigan economist James Abraham explained: ‘There was a lack of projects from the public sector [and] the value of social housing, education and health planning approvals all declined.
‘By contrast, private sectors such as retail and industry saw an increase in planning approvals, despite the economic uncertainty that still clouds the outlook for the industry as a whole.’