New analysis by a North East affordable house builder reveals the impact its construction activity has on supporting jobs and delivering millions of pounds worth of economic growth across the North of England.
Jesmond-based Adderstone Living, which is working with social housing providers to deliver affordable new homes, says that its current North East and Yorkshire building sites – which will see hundreds of new homes delivered in the next 18 months – are producing millions of pounds (£39m) in economic output as well as supporting hundreds of construction jobs.
Indeed, analysis shows 75% of on-site construction jobs are being undertaken by people who live less than a 20-mile drive to sites, creating and securing local employment opportunities across the region.
The firm estimates that more than 300 people are currently working on its sites, which combined produce a total economic output of £35m in GVA (gross value added) during the build phases of affordable housing developments at places such as Eskdene Rise in Sunderland and Pease Way in Newton Aycliffe, County Durham.
In excess of £45m is estimated to be spent on local subcontractors and suppliers who live and work within a 20-mile radius of these sites, while £2m is being spent on food and drink, leisure and entertainment in the local areas around each scheme.
The firm’s analysis also reveals how modern construction techniques reduce the impact new house building activity has on the environment. The majority of materials (85%) are being recycled during each site’s build phase at the same time as hundreds of tonnes (689 tonnes) in carbon emissions are being reduced annually.
Working with local authorities and housing associations, Adderstone Living’s ‘land-led’ solutions involve the sourcing of suitable land, scheme design and securing of planning permissions before delivering quality homes.
Stephen McCoy, managing director, said: “We are among leading developers who are at the forefront of bringing forward new developments that deliver tangible benefits and support ‘ultra-local” supply chains.
“We spend tens of millions on local manufacturers and subcontractors, boosting local businesses, communities and families. Added to that, it makes business sense with competitive prices and fast delivery times. Our Eskdene Rise scheme in Sunderland is a perfect example – some materials have travelled just a few miles to get to site.”
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