Economic Benefits Of New Home Building

House builders in the UK are providing more than just homes with a new report revealing the extent of the benefits. The report from the Home Builders Federation, says that last year in the East Midlands, 13,190 homes were started by private house builders, the public sector and housing associations. Based on the findings of the report, the economic footprint of this house building meant that:

·         56,717 jobs were supported

·         528 graduates and apprentices positions were created

·         £21,196,330 was contributed towards education in the area

·         £16,962,340 in extra council tax revenue was generated plus £131,900,000 in other tax contributions

·         £12,345,840 towards new open spaces, community spaces or sports facilities, or enhancing existing resources was paid to Local Authorities

·         3,034 new affordable homes were built

·         Payments of £292,066,170 were made to local authorities for further provision of new affordable homes

Download the report from the HBF website.