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Construction set for jobs boom

Construction set for jobs boom
The UK construction sector continues to go from strength to strength and is set for a major jobs boom in the coming years.

According to the latest CITB Construction Skills Network (CSN) forecast, the industry will generate 182,000 jobs over the next five years. Once again the housing sector has been heralded as the driving force behind this improvement, as it has been in the overall recovery of construction during the past year.

CITB noted that output growth will be strongest in the south-west with a 3.5 per cent rise expected with the likes of Wales (+3.4 per cent) and East Anglia (+3 per cent) all set to perform well over this timeframe. The regions are predicted to outperform the national average of 2.2 per cent. Areas such as the north-west, East Midlands and the West Midlands will improve but only gradually with only minimal growth expected.

James Wates, chairman of CITB, said: "The CSN report shows that the economy is turning the corner and the UK construction industry will benefit from that. But growth needs to be sustainable; underpinned by long-term infrastructure projects and continued investment."

The housing sector has been the main hero of the recovery of construction with schemes such as Help to Buy being championed as a defining factor. Prime minister David Cameron has already sung the praises of the initiative, which allows first-time buyers to get their foot on the property ladder by paying just a fraction of house value as a deposit with the government providing a loan to cover the rest.

It has sparked more building work for the construction sector with CITB noting that private housing will be the main driving force for the industry's growth. The sub-sector is expected to hit a 7.0 per cent rise in output during 2014 followed by a 5.0 per cent increase in 2015.

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Date: 29/01/2014 15:59:00

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