Housebuilder brings £24.5 million investment to Plymouth

As 2017 gets underway, five star housebuilder Barratt Homes has revealed that it built 576 homes in the region during the past year and brought £24.5m to communities where it is constructing new developments.

The figures form part of the company’s socio-economic footprint, and reveal just how the local economy has benefitted from the new housing.

While the company itself has made more than £15.7 million of contributions to councils and for infrastructure and affordable housing for local people, it also calculates that the local economy has benefited from £8.8million of additional spending in shops and services from the residents of new homes they have built. This spending alone supports more than 100 retail and service-related jobs.

Barratt managing director Paul Moran said, “Many people will be aware of the thousands of jobs we create and support directly in the areas where we build new homes - but this latest research shows the extra investment we bring to local communities and the economy.

“Leaving a lasting and positive legacy within the new communities we are helping to create is hugely important to us. And this might be through job creation, introducing new facilities to the area or by protecting the environment. We are proud to be a major player in bringing growth to this region and we will be working hard to continue this throughout 2017.”

Included within the company’s socio-economic footprint are key figures relating to the company’s support for the housebuilding supply chain, local communities, environment, public services and employment. Figures include:

Supported 1,600 jobs directly and through its contractors and suppliers
Directly employed 18 new graduates, trainees and apprentices
90% of components used in the construction process were manufactured in the UK.
Planted or retained 7,900 trees or shrubs on its developments
16.7 hectares of greenspace created though public open space and private gardens
The report on Barratt’s Socio-Economic Footprint in 2016 was carried out by planning consultant, Nathaniel Lichfield & Partners (NLP).