Region’s construction pipeline worth £114bn
GREATER Manchester Chamber of Commerce has released its latest Construction Pipeline Analysis – for the first time covering the whole of the North West.
The report makes interesting reading as it reveals not only the size of the pipeline, but also the numbers of trained employees – across a wide variety of trades – needed to complete the projects.
It has been being published by GMCC in partnership with North West Construction Hub. The report covers construction projects in Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside.
It shows that the planning system has a total of £114.36bn of construction projects, with £69.78bn expected to have a high degree of certainty of delivery. The output between 2015 and 2018 inclusive is expected to be £29.93bn.
Infrastructure and housing output is at £10.88bn and £6.84bn respectively. Projects worth £40.36b in are due to start in the four year period between 2015 and 2018 inclusive.
Labour demand for 2015 is 184,064 workers, the average labour demand for 2015-2018 is 122,000 workers, and compares well with the ONS baseline of 149,000 workers needed in 2013.
The training needs for the 2015 – 2018 period are 45% more than the average for 2011 – 2014.
GMCC chief executive Clive Memmott said: “Construction is a key part of our economy, whether building the homes we live in, the offices and factories where we work or the infrastructure that helps us to move between them.
“Since 2008, the outlook for the sector has been volatile but, along with the rest of the economy, it is now in better health. This is important as this sector is pivotal to the success of our regional economy.”
“This report must not be seen as an end point in itself. We will continue to champion the needs of the sector loudly on behalf of our members and will work closely with all the partners necessary to make the changes this industry needs.”
