Posts tagged GDP
Thousands of new trade jobs could be created as the Prime Minister, David Cameron, encouraged officials to reconsider plans to build a £30 billion barrage across the Severn estuary between England and Wales.
After a meeting with Peter Hain, who left his post as shadow Welsh Secretary in 2010 to back the project, David Cameron has asked ministers to take another look at the multi-million scheme which will create 20, 000 construction jobs and diversify the country’s energy supply.
It has been estimated that the 10-mile barrage from the Vale of Glamorgan to Somerset would provide 5% of the UK’s electricity demand, creating tens of thousands of additional jobs in activity around the barrage.
Hain told BBC Wales that it was a “more productive meeting than might have been expected”, revealing that “Number 10 are taking the barrage much more seriously than has been the case over the last few years”.
It is understood that much of the funding for the scheme would come from global private investors and taxpayers’ money will not be spent. According to Mr Hain, ‘several’ sovereign wealth funds have already come forward to finance the project, including investors from Kuwait and Qatar.
Mr Hain said: “Government support is an absolute pre-requisite for getting the whole project underway.
“Not a penny of taxpayers’ money would be needed for this £30bn investment, which would be transformative for Wales.
“It would create 20,000 jobs in construction and another 30,000 in activity around the barrage.”
What is your reaction to the Prime Minister’s support to urge ministers to reconsider building plans for the £30 billion barrage that will create thousands of new jobs? Share your thoughts by commenting here or raising your voice on our Facebookand Twitterpage.
A £65 million deal for student accommodation at the University of Essex is going ahead, paving the way for new jobs in the building construction industry.
Today’s announcement gets the ball rolling for selected building and design contractor Bouygues UK to build over a thousand student-bed accommodation complex.
Construction work has already started on the site adjoining Boundary Road which forms part of the University’s major Knowledge Gateway development.
The three-year scheme includes the construction of 648 new student units and the transfer of 766 existing ones, for which the Bouygues Development will provide the university a capital receipt.
The new build part of the scheme – known as The Meadows – has been designed by Lewis & Hickey architects and comprises 12-bed town houses accommodating 228 students and a further 420 en-suite study bedrooms.
An eye-catching pavilion that will house a student common room, known as ’The Hub’, will be built along the clusters of the study bedrooms.
Director of University of Essex Campus Services, Peter Church, said: “Demand for good quality campus residences remains high and The Meadows will add to student choice, with the town houses ideal for groups who wish to share accommodation.”
Mr Church commented that the combination of Bouygues Development’s extensive building and project management experience will complement and enhance the sense of community for students and local residents
Building work on Manchester City’s new £100 million training academy has been given the green light by the government, paving the way for new jobs in the building construction industry.
After clearing objections by previous landlords who refused to sell their plots to the football club, now the Secretary of State has granted a compulsory purchase order, allowing building work to start.
The scheme, which involves building a 7, 000 seat-stadium and 15 small pitches will create new jobs and help the local economy.
Eddie Smith, Chief Executive of urban regeneration company New East Manchester, told the BBC that this development will benefit the people in Manchester and create new jobs
Mr Smith said “Manchester City Football Club’s plans in east Manchester are a hugely important ingredient of the ongoing regeneration of the area, which will see not only world-class leisure and educational facilities for the community, but also jobs for local people.
“We worked with the club to help relocate existing business and sustain existing jobs and are pleased that the Secretary of State has reached a decision in the public interest which will enable this ambitious scheme to move forwards.”
BAM Construction has won the main contract after holding off competition with other firms.
Plans at the site on land next to the Etihad stadium include:
- A home for up to 400 young players who will train and study alongside senior players, with a clear development pathway to the first team
- One half size and 11 full size youth development pitches
- One half size and 4 full size first team pitches
- On site sleeping accommodation and classroom facility for 40 young players to allow them to train and study in a safe and secure environment
- A carefully planned first team building with changing rooms, gym, refectory and injury and rehab centre
- A 7,000 capacity stadium for youth matches
- Staff offices and a dedicated media centre
- A bridge linking the site to the Etihad Stadium and the rest of the Etihad Campus
“The new redevelopment is to bring employment opportunities for trade professionals”
A multimillion redevelopment scheme at the University of Hull’s historic library has been given the green light with the appointment of its main contractor that will refurbish the 16,000 square-metre building and provide new employment opportunities for people in the trades.
Today’s appointment of BAM Construction will provide the eight-storey library with new facades, mechanical and engineering services.
Building work is set to start this month, with the main scheme getting underway in November 2012. The project will continue for 3 years and is expected to be completed by 2014.
The project is expected to meet the world’s leading environmental and rating system for buildings, BREEAM.
BAM said in a statement today that it will hold suppliers days to attract local labour and provide employment opportunities for trade professionals, including plumbers, electricians and gas engineers.
BAM’s Construction Director, Kelvin Pollard, said that the company is delighted to bring such impressive library to the forefront of modern design and technology which will encourage economic growth and create new jobs.
Mr Pollard said: “This major project will benefit the local economy and will ensure the library remains operational throughout. When complete, students will benefit from lighter, airier spaces that are more conducive to study and better equipped for modern learning.”
What is your reaction to the multimillion redevelopment scheme at University of Hull’s historic library which will benefit the local economy and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebookand Twitterpage.
The University of Bath has announced plans to spend £100 million on improving its campus over the next three years that will enhance student experience and create new jobs in the building trades.
The University’s major refurbishment programme announced today will provide 708 en-suite bedrooms in 75 flats across two buildings and deliver increased space for teaching and research improved facilities, creating employment opportunities for people in the building engineering sector.
A new multimillion Art Centre will be built by the autumn of 2014 including general teaching building facilities with a main 350-seat lecture theatre which is due to open in October 2013
Building plans have been submitted to Bath and North East Somerset Council which is expected to reach a decision and give the green light to the improvement scheme by October 2012.
The Vice Chancellor, Prof Dame Glynis Breakwell, said: “Despite continuing economic uncertainty and the changing tuition fee landscape, the University of Bath is facing the future with great confidence.
“Our aim is to further enhance the university’s ability to deliver an outstanding student experience; creating additional facilities for research, and an inspiring working environment, as well as providing cultural and economic benefits for the wider Bath region.”
“Hundreds of plumbers, electricians and gas engineers to benefit from the investment”
Millions of funding to get low carbon heating into peoples’ homes, including into hundreds of social houses across the nation, is still up for grabs according to the Department of Energy and Climate Change (DECC).
Local authorities, housing associations and registered providers of social housing are being urged to benefit from the millions of pounds available from the Renewable Heat Premium Payment (RHPP).
The scheme will replace more renewable heating systems, including biomass boilers, solar hot water panels and heat pumps, creating new employment opportunities for plumbers, electricians and gas engineers.
The RHPP has reopened thanks to the high value for money of projects already allocated funding under the scheme which will make tenants’ homes warmer, cosier and far more energy efficient.
Today, the DECC announced that up to £2.5 million of additional funding will be allocated under this element of the scheme.
Energy and Climate Change Minister Greg Barker said: “We have already awarded nearly £5 million to 72 projects under this year’s scheme, helping householders stay warm this winter and move away from expensive old heating systems to new clean renewable ones.
“But the high value for money of the bids we have received to date means that there is still money up for grabs and I would urge social landlords across the nation to apply and take advantage of all this scheme has to offer.”
The closing date for applications is 9 October 2012 and successful bidders will be announced shortly afterwards. You can find out more about the scheme and how to apply from here.
What is your reaction to the reopening the of the Renewable Heat Premium Payment scheme which will bring financial investment to the trades and create new jobs in the industry? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
The largest trade association in Britain, the Renewable Energy Association (REA), has welcomed Nick Clegg’s announcement to provide a £100 million fund for green investment that will boost the renewable energy industry and create new jobs.
Making the announcement today, Deputy Prime Minister Clegg said that the multimillion fund will enable the UK Green Investments team (UKGI) to see more domestic and foreign investments to the renewable industry.
Chief Executive of the REA, Gaynor Hartnell, praised the Deputy Prime Minister for his leadership and commitment to the renewable energy sector.
He said: “We need clear leadership from the top of Government on renewable energy, so the Deputy Prime Minister’s unequivocal commitment to renewable energy is very welcome and timely.
“He is quite right that a global energy revolution is underway and we look forward to working with him to ensure the UK fulfills its extraordinary potential.”
However, Mr Hartnell said that the Coalition Government needed a more stable policy framework to make sure the UK’s renewable industry continues to expand, paving the way for green jobs in the future.
Mr Hartnell said: “The Coalition Government needs to do much better on providing a clear and stable policy framework to make sure the UK isn’t left further behind.
“Recent decisions on support levels for renewable power technologies, which have failed to provide the expected certainty out to 2017, together with the uncertain status of the Electricity Market Reform package, do not provide the stable framework that industry needs.”
Do you also welcome Nick Clegg’s intervention to boost the green economy? What else the Government could do to further accelerate green investment and create more jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Deputy Prime Minister Nick Clegg has announced a £100 million fund for green investment which will create new jobs in the renewable energy industry.
Speaking to an energy conference in London’s Lancaster House today, Mr Clegg defended the Government’s commitment to support the renewable energy sector, outlining lasting benefits to the UK low-carbon economy.
He announced multi-million contracts by UK Green Investments (UKGI) with fund managers Equitix and Sustainable Development Capital (SDCL) to provide initial capital to encourage foreign and domestic investment in non-domestic energy efficiency.
The Deputy Minister’s announcement was hailed with a £12 million expansion by a recycling firm Closed Loop in Dagenham, East London, that will create and safeguard 100 jobs.
The UK is the sixth largest market in low carbon goods and environmental services in the world. It contributes 3.9 per cent of the UK’s GDP and employs 173,000 people.
The Deputy Prime Minister said that the Coalition Government is ‘unreservedly committed’ to help Britain’s low carbon sector thrive, providing a clean and green economy.
He said: “There is a global energy revolution underway and the UK is not going to be left behind. We’re leading from the front.
“Together we find ourselves at the vanguard of one of the most dynamic, most innovative, most important industries of our time; an industry whose breakthroughs and endeavours will shape our societies for years to come; an industry that will help us build a more stable, more sustainable, more prosperous world.”
What is your reaction to the Government’s £100 million fund that will accelerate investment in the renewable industry and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.