London to see growth in construction jobs, as country faces decade of difficulty in industry

07:52 16 January 2013

London is one of only two areas that could see a rise in construction jobs. File picture: Rui Vieira/PA Wire

London is one of only two areas that could see a rise in construction jobs. File picture: Rui Vieira/PA Wire

London is one of just two areas in Britain that will see employment levels grow in construction, according to a new study.

The industry lost around 60,000 jobs last year, and is facing another decade of “pain”, the annual skills report said.

The report painted a “stark” picture in 2012, with a 20 per cent downturn in public sector housing contracts, a 5 per cent fall in the private housing sector and a 15 per cent cut in road and other infrastructure construction.

The Construction Skills Network predicted falls in job levels every year until 2016, reaching a low of 2.3million, the worst for over a decade.

Recruitment is set to run at under 30,000 a year from now until 2017, mainly to fill vacancies arising from workers leaving, said the report.

Only Greater London and the East of England will see employment levels grow, according to the research.

Spokeswoman Judy Lowe said construction had found itself at the centre of a “perfect storm” last year, hit by public spending cuts and a lack of investment in the private sector.

“Worryingly, the outlook doesn’t look much better. By 2017 construction output will still be 12 per cent down on its 2007 peak, and employment 17 per cent down on its peak in 2008.

“We don’t anticipate the industry returning to its former levels until at least 2022, meaning this will be one of the most difficult periods for construction on record.”

There are around 150,000 unemployed construction workers, potentially costing the economy £2.1billion a year in benefits and lost tax revenue, the report added.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest business news

Friday, August 28, 2015
Arina

Demystifying the process of growing companies securing funding from investors and lenders is the aim of the first event of its kind in the UK.

Tuesday, August 25, 2015
The Brew, Coffice

A co-working space in Tech City is perking up the office with a new concept space blending fast connectivity and artisan coffee on demand.

Tuesday, August 18, 2015
Computer class

New figures show, in the face of growing youth unemployment, vacancies for digital jobs is set to widen in the next year.

Sunday, August 9, 2015
Fiona McSwein

With cinema screenings, wine and cheese nights, yoga sessions in the office and increased working from home, one business is trying to show how flexible working is the future of the corporate world.

Thursday, August 6, 2015
Azimo Founders

The chief executive of a digital money transfer service, which has been recognised by the United Nations as one of the most comprehensive and best value transfer companies in the UK, has spoken about how technology is streamlining the money transfer sector.

Monday, July 27, 2015
Boddington

A leading tech boss has called for more action to get girls interested in STEM (science, technology, engineering and maths) subjects at school and for Tech City to become more multicultural.

Competitions

Shop till you drop!

Home to top name brands at great prices, TK Maxx is more like a treasure hunt than a shop. Perfect for grabbing a bargain or some hidden gems, you arm yourself with a trolley and go wild.

Read more
Scones, jam and a cup of Earl Grey anyone?

Luxury boutique hotel Flemings Mayfair has recently launched The Drawing Room, London’s most stylish location for afternoon tea.

Read more
Free weekly shop? Yes please!

Win £200 to spend at Asda, one of the country’s leading supermarkets. Asda prides itself in being one of the cheapest places to shop, so you can be sure that your money will go a long way here.

Read more

London Bloggers

Tuesday, August 18, 2015
The Cuban

The Cuban is set up like an old relative’s house in a tropical country – doors thrown open in welcome.

Monday, April 13, 2015
Vintage fashion shopping is a joy in London (Photo by Graham French/BIPs/Getty Images)

In with the old, out with the new. This is the mantra of the best London vintage shoppers today, whose aesthetic of effortless chic is becoming more sought after.