232,000 new jobs in the construction industry by 2021
The construction industry is going to need nearly a quarter of a million new recruits by 2021, according to new research from the CITB.
Their figures show that the construction industry is set to grow by 2.5% annually for the next five years, creating some 232,000 additional jobs.
This growth will be spread around the nations and regions of the UK. The most significant growth is predicted in Wales, where 7.1% annual growth is forecast. England is set to enjoy a 2.5% expansion each year, while Scotland lags behind with just 0.5% annual growth.
Across the UK as a whole, the figure is 2.5%, with expansion being driven by the infrastructure and private housing sectors. According to the report, this compares favourably with the pre-recessionary growth period (1995 to 2007), when it averaged 2.1% a year.
The report also says that while construction output growth slowed in 2015 from its very strong rate in 2014, it is expected that analysis will reveal growth of around 3.5% for last year, taking its level up to around 98% of the 2007 peak.
New nuclear power stations at Hinkley Point, and Wylfa, alongside rail projects such as Crossrail and HS2, are expected to drive year-on-year infrastructure growth of 6.1% over the next five years. The commercial construction sector will experience growth of 3.4% per annum, while private housebuilding will also experience sustained growth across the forecast period. Output in the housebuilding is expected return to pre-recession levels by the end of the forecast period, reaching £26bn by 2020.
Discussing the research, CITB policy director, Steve Radley, said: “All types of training, and especially apprenticeships, will be vital to delivering this pipeline of work. This positive forecast should inspire more people to start apprenticeships, and more firms to take them on.”
He added: “We can’t build the Britain we want without growing apprenticeships – and the careers they lead onto. That’s why it is vital that these new statistics, showing solid, sustained growth, inspire more people join the construction industry.
“We also want to attract workers who have left the industry to return, and upskill those currently in the sector, so we can deliver major projects and new housing faster and better.”