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East Midlands cities poised for £10bn of construction work

Construction-growth-310

""Research carried out in partnership with CITB has found that construction work in the Nottingham and Derby area set to get off the ground by 2020 could be worth more than £10 billion.

The research was undertaken with D2N2, the local enterprise partnership for Derby and Nottingham.

It found that of the 943 construction works poised to get under way in the area, around 180 are classed as “significant” projects worth £8.65bn.

A large chunk of these are slated for the centre of Nottingham, as well as the area around Nottingham University. 

Further schemes in the planning pipeline include housing projects valued at around £800m.

In addition, there are £791m of private commercial schemes and £514m of infrastructure projects.

Concerns were raised in the research, however, about the shortage of skilled workers in the region to carry out the work.

It found that in 2016 alone, there were demands for around 60,000 workers.

Over the coming months, it is thought that some of the most in-demand positions will be bricklayers and roofers, as well as those in the wood trades.

D2N2 has said it is now working in partnership with Derby College to help tackle the skills shortages.

The findings come after the CITB’s Construction Skills Network (CSN) report for the East Midlands found that the region’s construction sector is set to grow by 1% by the end of the decade.

This will create a total of around 3,110 jobs every year in the region by 2020.

The CSN report cites the £1bn conversion of Willington C Power Station and the £476m retail-led redevelopment of Nottinghamshire town centre as particularly exciting projects.

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BDC 314 : Mar 2024