The growing construction industry is set to create over 232,000 new jobs over the next five years.
Research, which was recently carried out by the Construction Industry Training Board, forecasts annual average growth of jobs by 2.5% from 2016-2020. The Construction Skills Network have also reported that the sustained growth in jobs from 2016 to 2020 is due to a huge increase in infrastructure projects, private housing and the construction of large projects in key UK cities.
The growth in construction projects is going to create a huge number of construction jobs with 232,000 expected to be created during the period. This will mean roughly 9,400 new jobs for construction professionals each year, with 2,800 bricklayers and 4,320 carpenters hired as well.
The new nuclear power stations at Hinkley Point, Somerset, and Wylfa, Anglesey, alongside rail projects, such as Crossrail and HS2, will drive year-on-year infrastructure growth of 6.1%.
The commercial construction sector is expected to see growth of 3.4% per annum, while private housebuilding will also experience constant growth across the period. Output in the house-building sector is set to return to pre-recessionary levels by the end of the forecast period, reaching £26bn by 2020.
Annual growth is predicted in all the UK’s regions and nations, with Wales faring best with year-on-year growth of 7.1%, followed by the South West (4.4%), London (3.5%), and the North West (2.6%).
Steve Radley, Director of Policy at the CITB, said: “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.’’
It is great to see that the construction industry is growing and that a large number of construction jobs are going to be created over the next five years. It is also positive to see that leading members of the industry recognise that more graduate and apprentice positions need to be created to support the industry.