ISG

Britishvolt’s financial advisers have been given five weeks to find a buyer for its £3.8bn battery-factory project, it has been reported. According to the Times, investment bank Lazard – acting on behalf of Britishvolt – has been given a deadline to find private equity investment from the US in the…

Mace has taken the top spot in the October league table, thanks largely to a £450m job to build a 28-storey office block in London. The contractor’s position was secured by the 260,000 square foot project, which pushed it nearly £100m ahead of its nearest rival, according to data gathered…

Britishvolt, the start-up behind a £3bn gigafactory in Northumberland, is reportedly in talks with investors to save the business. According to the Financial Times, the electric-car battery manufacturer needs to plug a £200m funding gap before Christmas to stay afloat. The company is the client for a 253 acre plant…

Hull-based framework provider Pagabo has alerted firms to a £1bn refit and refurbishment framework. The four-year-long framework, in its second generation, will replace the current framework that ends in February next year. The new edition of the scheme will start two months afterwards, in April. Pagabo is tendering on behalf…

Kier, ISG and Willmott Dixon are among a host of major contractors to win multiple slots on a £600m framework to develop new buildings for the Department for Environment, Food and Rural Affairs's (DEFRA) Animal and Plant Health Agency (APHA) science estate. The framework covers design, build, installation, commissioning and handover…

Several of the UK’s top contractors will limit work or completely shut sites during the Queen’s funeral next week. Earlier this week, the Construction Leadership Council told firms that there was no obligation on them to suspend business during the funeral of Queen Elizabeth II, as per government guidance. It…

ISG is committed to delivering Britishvolt's £3bn gigafactory despite recent disruptions, a senior level executive at the contractor has confirmed. Last month, the tech start-up's co-founder Orral Nadjari revealed that rising energy costs had pushed back the expected completion date of the Northumberland project to mid-2025. The factory's main facility,…

ISG has landed a bumper contract to develop a large data centre in Berkshire, Construction News can reveal. The multi-million-pound project at Wexham Road in Slough will involve the construction of two buildings across an area of 41,300 square metres. A substation, security gatehouse and a mechanical plant compound are…

Rising energy costs have delayed major construction works at Britishvolt’s North East gigafactory, its co-founder has revealed. Earlier this month, main contractor ISG confirmed that construction work at the site had been “paused” amid design changes to the factory, which will produce lithium-ion batteries for electric vehicles. The contractor said…

Lendlease was the contractor with which the Ministry of Justice (MoJ) spent the most money in the last financial year, Construction News can reveal. Figures obtained under the Freedom of Information Act show the Australian-owned multinational topped the government body’s spending in 2021/22 with £149.5m – double the next best-placed…