William Eichler 26 September 2018

Northern Powerhouse experiences ‘building boom’

Northern cities are leading a British ‘building boom’, according to a new study on where and in which sectors development is taking place.

The study, written by the Centre for Economics and Business Research (CEBR) on behalf of Royal Mail, shows that Manchester has applied for the most new development plans in the country in the last three years.

This is closely followed by other northern towns and cities including Leeds, Wigan and Liverpool — a fact which suggests growing confidence in the ‘Northern Powerhouse’ concept.

Lord Jim O’Neill, vice chair of the Northern Powerhouse Partnership, welcomed the news.

‘It has been clear for some time that parts of the Northern Powerhouse, in particular the North West, are actually doing far better than people seem to think; even outperforming London in some areas,’ he said.

‘The unique aspect of the Northern Powerhouse, and why it is so crucial in rebalancing the economy, is that its towns and cities are close enough to create a true single market which can have a significant national impact.’

The CEBR’s research also reveals that Tower Hamlets is the nation’s fastest growing ‘housing hotspot’, seeing the single largest percentage increase between 2010 and 2017.

Cornwall is the local authority with the largest amount of new homes built in the last five years.

Flats are the fastest growing type of new housing to be built in recent years and now account for almost a quarter (22%) of British residential properties, according to the research.

The top 15 local authorities with the highest share of properties as flats are all in Greater London. In the City of London, 98% of residential properties are flats.

Many other construction sectors have benefitted from a sizable building boom in the last five years, including office spaces (a 92% increase), schools and universities (35%) and entertainment venues (62%).

SIGN UP
For your free daily news bulletin
Highways jobs

Area Team Leader - Development Management

Kirklees Metropolitan Council
£51,356 - £53,460
This is an exciting time to join the Kirklees Council Development Management team. Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Domestic Abuse Project Officer

Kirklees Metropolitan Council
£45,091- £47,181
There is a renewed energy and determination to tackle domestic abuse Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Customer Service Officer

North Yorkshire Council
£27,254 - £29,064 per annum
Are you someone that can use innovative thinking to come up with timely solutions to problems? Selby, North Yorkshire
Recuriter: North Yorkshire Council

Data Specialist

North Yorkshire Council
£42,839 - £47,181
Do you want to build data tools that will underpin intelligence-led decision making and play a key role in shaping the future of analytics North Yorkshire
Recuriter: North Yorkshire Council

Senior Transport Officer-Travel Planning

Derbyshire County Council
Grade 10 £35,422 - £38,730 per annum
We’re looking for an enthusiastic and skilled Senior Transport Officer – Travel Planning to join our Sustainable Travel Team Derbyshire
Recuriter: Derbyshire County Council
Linkedin Banner