Benefits of Regeneration on the UK Job Market

Marketwired

LONDON, UNITED KINGDOM--(Marketwire -02/15/12)- If you're struggling with your job search, now might be the time to widen your criteria and take a look at neighbouring cities, or maybe even consider moving to an area where there's more jobs. There might be a lot of doom and gloom surrounding UK employment and the state of the economy, but regeneration is still occurring in areas up and down the country.

Jobs Today take a look at the benefits of regeneration on the job market.

Construction

Regeneration projects require a lot of construction. That goes without saying. Accordingly when contracts are won for these kinds of projects many construction jobs will be created, benefitting those workers in the area.

For construction workers struggling to find regular work in their current location, moving to an area where regeneration projects are occurring is likely to improve their chances of securing work.

For example, following the announcement of London being the host city for the 2012 Olympic Games, 46,000 jobs have been created at the Olympic Park and Village. This will also continue into the future with the next 20 years promising a further 8,000 jobs at the park(1).

Specific sectors

Depending upon the nature of the regeneration project, jobs can potentially be created in the following sectors:

 

--  Retail
--  Hospitality and leisure
--  Finance and business
--  Health and social care

For example regeneration projects taking place in Newham over the next 15 years are expected to create a total of 75,000 jobs.(2)

With figures like these, the future of the UK job market could well rest on continued regeneration up and down the UK.

Notes to editor:

Jobs Today is part of Johnston Press plc, one of the UK's leading publishers of local newspapers and internet sites, basing its publishing philosophy on local service to local communities.

We are the leading recruitment brand in many of the towns and cities across the UK, covering over 300 locations from as far north as the Western Isles of Scotland right down to Portsmouth on the south coast of England.

(1) Sky News, What are we getting back for the Olympic spend?, at http://blogs.news.sky.com/olympicsblog/Post:3860f01a-402b-4b6e-8ba9-08b3b804ad8c

(2) Newham London, at http://www.newham.gov.uk/jobs/jobscreatedbyregeneration.htm

Contact:

Press contact: Ben Harper
Jobs Today
01733 427163
ben.harper@jpress.co.uk

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