News
What's moving in UK construction.
Industry headlines, with a line on what each one means for clients holding funds and providers getting paid.
BBC News
UK's second-tallest residential building approved for Vauxhall
Plans for the UK's second-tallest residential tower, part of a seven-building scheme at Vauxhall Square, have been approved.
Why it matters: Schemes at this scale run hundreds of work packages — exactly where atomic milestones and evidence AI keep quality and cash flow in step.
Read at BBC NewsPremier Construction News
Construction recovery yet to materialise despite non-residential growth
Glenigan's September 2026 Construction Index, covering the three months to the end of August, finds non-residential work growing while the wider recovery still hasn't arrived.
Why it matters: Clients starting non-residential work now need supply chains they can assemble directly, without waiting on a tier-1 to package it for them.
Read at Premier Construction NewsProperty Investor Today
Residential construction starts down 15% on quarter
Residential starts fell 15% against the preceding three months and 36% year on year in the three months to the end of August.
Why it matters: Fewer starts means providers chasing fewer jobs — a funded project bank account is a genuine reason to choose one client over another.
Read at Property Investor TodayConstruction News
Viability warning as building safety levy looms
A new building safety levy costing qualifying projects more than £100 per square metre in some areas is due to take effect within weeks.
Why it matters: Tighter margins make evidence-gated milestone payments more valuable: money only moves when the compliance the levy is meant to protect is demonstrated.
Read at Construction NewsReuters
UK construction slides again, pulled down by weak housebuilding, PMI shows
The September PMI release shows UK construction activity contracting again, with housebuilding the weakest segment.
Why it matters: In a shrinking market, providers with a live Trust Passport get found first by clients with funded projects.
Read at ReutersConstruction News
Almost 7,500 firms in critical financial distress as construction output declines again
BTG reports 7,458 construction businesses in 'critical' financial distress in Q2 2026, up 6.6% on the same period in 2025.
Why it matters: This is the insolvency risk LevelTek and ViSurety exist to cut: ring-fenced funds for providers, verified counterparties for clients.
Read at Construction News