182,000 new jobs expected in construction
182,000 construction jobs are set to be created in the next five years according to new research released today by the Construction Industry Training Board (CITB).
The organisation’s Construction Skills Network (CSN) forecast shows that housing will account for over a third (37%) of the UK’s total annual construction output between now and 2018 – fuelled by demand for 245,000 new homes.
While housing has been boosted by Government’s ‘Help to Buy’ scheme, CITB is calling for sustained investment in longer-term infrastructure and industrial projects to secure growth beyond 2015.
The report showed that output growth will be strongest in the South West, Wales and East Anglia, who are all set to perform above national average of 2.2%. The North West, East Midlands and West Midlands will all be slower to feel the effects of the return to growth.
The employment picture is set to be a mixed bag across the UK, with East Anglia at the top end set to see its construction workforce increase by an average 2.0% a year, while the West Midlands is predicted to experience an average reduction of 0.2%.
Private housing is expected to be the chief driver for construction’s growth, and the sub-sector will see a 7.0% rise in output in 2014, followed by 5.0% in 2015. On average, it will grow by 4.6% a year to 2018.
James Wates, Chairman of CITB, said, “Clarity and certainty of future projects is an important element of a sustained recovery. That gives employers the confidence to train and to plan.
“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.”