Baachu Rain Blog - Facilities Management Insider

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“Private Finance Initiative (PFI) & Project Hand-backs”

The business activity in the FM Industry continued its steady growth during the month of June-22 picking up from where it had left during the previous month. The suppliers were kept busy as the outsourcing gained traction from among the buyers. The month saw more than 170 contracts being awarded and valued in excess of £1.2 billion.

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The United Kingdom is one of the largest markets for facility management services in Europe in terms of maturity and sophistication. The market is highly competitive as well, owing to the presence of several organized players and strong presence of top global companies, such as Mitie, ISS, Sodexo, CBRE, JLL among others.

The market has been valued at USD 63.97 billion in 2020 by Mordor Intelligence. Frost & Sullivan estimates the UK FM Industry revenues to be $43 Billion. As per our database the overall FM market in the UK stands at £107.2 billion in TCV. The public sector contributes 59% while the private sector contributes 41%. Among the service types Hard & Soft FM Contributed almost equally at 36% & 35% respectively. The integrated services contributed with 29%. Local government authorities were the lead buyers in the overall stack with 19% of value contribution followed by Central Government and Office both at 14% each.

For details, Read the free  Summary report. 

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