Home | BUILDING BRITAIN | UK construction industry value to London highlighted
UK construction industry value to London highlighted
UK construction industry value to London highlighted

UK construction industry value to London highlighted

The worth of the UK construction industry to the economy was underlined by a CITB report which showed that project work is currently underway in London at a total value exceeding £30 billion.

The study, which was put together on behalf of the Greater London Authority (GLA), seeks to create a construction strategy and action plan in order to take advantages of the many development opportunities in the area.

Results determine the employment and skills options emerging in the UK construction industry in the Greater London area.

The hope is that the GLA and their stakeholders will take advantage of these opportunities by taking them into account when decisions are made on projects, with the overall aim to enable a wider construction strategy to develop in Greater London.

Analysis provided in the report indicates where training is needed to guarantee local job roles are maximised, and that the city has everything in place to deliver the solutions that meet demand.

The report has a positive outlook for construction in Greater London in the next few years, with predictions suggesting that, in each year from now to 2020, activity will be similar to the £30 billion enjoyed this year.

Housing is booming in the area, while infrastructure is also experiencing a surge.

It is perhaps unsurprising that such project value is prevalent in the Greater London area given that huge infrastructure projects such as HS2, Thames Tideway and Crossrail are underway.

Aside from those, there are in excess of 700 major projects expected to be confirmed up to 2020, with more surely to follow.

However, the report did also flag up skills gaps in the UK construction industry, with bricklayers, scaffolders and roofers in short supply in London.

In turn, this identifies the training needed in the area, while any short term gaps can be plugged by drafting workers in from other regions.

Jules Pipe, Deputy Mayor for Planning, Regeneration and Skills at the Greater London Authority, spoke of the need for more workers to deliver these projects, and how the region might go about securing these.

“London’s construction industry is booming and we need workers to fill these skilled positions.

“The further education and skills sector has a vital role to play in making sure all Londoners can truly be part of London’s prosperity.

“Through the Construction Academy Scheme, we will be giving Londoners the chance to train in the skills that will boost our economy and creating a pipeline of local talent and expertise for construction businesses to tap into.”

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