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Building London, Building Britain: The economic impact of Central London office construction
Posted on: 4 June 2013
By: mackene
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Filed under: News
This report from London First analyses the economic impact of construction activity within central London on the wider UK. It found that construction work in central London generates twice the economic benefits, and supports almost twice as many jobs outside London as it does in the capital. The study, carried out by PwC, measured the national and regional output and employment generated by Central London office developments through construction expenditure, supply chain impacts and employee spending. The study also examined the extent to which development expenditure is lost from the UK, and explored the wider qualitative impacts of London developments on the local community, the construction sector’s supply chain, and as a catalyst to economic regeneration.
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