With reduced funding and a turgid private sector, competition for social housing work is fierce. Nevertheless, there are ways firms can put themselves ahead when it comes to winning work. Extra government funding led project starts in social housing to end 2010 an estimated 28 per cent higher than in 2007. But since the Department for Communities and Local Government's budget was slashed, the trend has turned. Major cuts in planned capital spending over the next four years will severely impact construction prospects for the foreseeable future. After the 5 per cent year-on-year increase in the underlying value of social housing starts last year, Glenigan expects significant falls over the next two years; a 27 per cent reduction in 2011 followed by a 21 per cent fall the year after.
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