Construction output in the East Midlands is set to get back to growth in 2018, according to a major new forecast out today from the Construction Industry Training Board (CITB).
Infrastructure and housing best performing sectors:
- Over 15,000 new homes planned for Leicestershire
- 8,600 new jobs to be created in next 5 years
- 900 painters & decorators and 800 carpenters and joiners in demand
The region can expect an average annual growth in output of 0.5% over the next five years and 8,600 new jobs will be created between 2018 and 2022, according to the CITB’s latest Construction Skills Network report.
The forecast shows that infrastructure will be the strongest sectoral performer with average annual output growth of 4.6% over the five year period. This growth is being driven by ongoing projects such as the SEGRO Logistics Park East Midlands Gateway and the planned High Speed 2 rail project which will be the main engine of growth in 2019.
The housing sector is also expected to perform well and continue to benefit from a number of housing projects due to commence in 2018 and 2019. This includes the ongoing programme to deliver over 7,000 new homes at Gelding colliery, Nottinghamshire as well as plans for over 15,000 new homes in Leicestershire with developments at Charnwood, Earls Shilton and Barnwell, Aston Green and Lubbersthorpe.
The most in demand jobs will be technical and office based staff, of which 1,650 are needed in the next five years, 950 construction process managers, 900 painters and decorators and 800 carpenters and joiners.
In the public non-housing, industrial and commercial sectors output is expected to continue to struggle from a lack of substantial projects in the pipeline in the long term forecast. However, performance in the industrial and commercial sectors growth is anticipated to pick up in 2022 in line with an overall improvement in the economy.
Lorraine Gregory, Partnerships Manager for the East Midlands at CITB, said:
“Our new figures show that construction is back on track and while growth falls below the national average of 1.3%, the overall picture looks better with infrastructure in particular bolstering output in the region. We hope that confirmation around some planned projects such as the wind farm in Mablethorpe, Lincolnshire and a key housing project in Kettering will further strengthen output.
“There remain good opportunities in the East Midlands for people wishing to join the sector over the next few years, particularly in infrastructure and homebuilding. There are jobs onsite and offsite, so there really are huge opportunities in construction for those starting out in their careers.”