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The UK economy will benefit from increased construction output and new jobs in the industry, according to CITB-ConstructionSkills and the Department for Work and Pensions (DWP). 07/03/2013

CITB-ConstructionSkills - the industry training board and Sector Skills Council for the construction industry - this week joined forces with the DWP to support growth, jobs and skills across the sector.

The partnership agreement aims to exploit and increase employment opportunities in the industry, focusing on new approaches to policy making at a national level as well as the development of local initiatives.

Minister for employment Mark Hoban explained how the agreement will help to promote DWP's Youth Contract wage incentive 'to more than 400,000 employers and create more opportunities for young jobseekers across the country'.

Mark Farrar, chief executive of CITB-ConstructionSkills, added, 'The construction industry has been one of the hardest hit by the recession. 60,000 jobs were lost last year and similar losses are likely this year. What is bad for the industry is bad for the economy.  

'Action rather than words will help us to get the industry back on track contributing to economic growth. For every £1 that is spent on construction, £2.84 is returned to the economy, so the benefits of a healthy and buoyant construction industry will be felt across the board.'

He went on to note that the body's Construction4Growth campaign will also benefit as a result of the partnership, explaining that some 3,200 jobs can be created for every £100million spent on repair and maintenance.

 

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Written by Editor, Graduate Prospects
Date: 
March 2013
 

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