Bulletin

Housebuilding recovery on shaky foundations as demand exposes shortage of skills

A lack of bricklayers, electricians and plasterers has emerged as one of the biggest obstacles to overcoming Britain's housing shortage. Figures from the construction industry show that the swift recovery in housebuilding has exposed a scarcity of people with the requisite skills. John Tutte, chief executive of housebuilder Redrow, said: 'There is no question that we are facing a skills shortage in the sector. We can't get away from the fact we have an ageing workforce, lack of broad investment in education and vocational training, as well as a cultural hangover.' An estimated 240,000 houses a year need to be built to meet demand according to an estimate by the Town and Country Planning Association, but in the year to September only 117,000 were built.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?