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Economy

• Worth £78bn in 2006 (around 7% of the total UK economy), the Yorkshire and Humber economy is forecast to grow at an annual average rate of 2.4% between 2008 and 2012.
• Financial and business services in Yorkshire and Humber is forecast to expand at 26% between 2008 and 2012, the fastest growing sector in the region.
• Transport and communications is also forecast to enjoy considerable growth, of around 15% between 2008 and 2012.

Output

• Worth an estimated £6.6bn in 2007, in 2000 prices, construction in Yorkshire and Humber accounts for around 8% of the UK total.
• Output is forecast to grow at an annual average rate of 1.6% between 2008 and 2012.
• The public non-housing and commercial sectors are likely to be the driving force behind growth benefiting from the Building Schools for the Future programme and other Private Finance Initiative (PFI) education and health projects.

Employment

• Total construction employment of 203,260 in 2006 in Yorkshire and Humber is forecast to rise to 231,960 by 2012.
• To meet this demand, after taking account of those entering and leaving the industry, Yorkshire and Humber requires an extra 6,620 workers each year.
• Wood trades and interior fit-out have the largest annual recruitment requirement and it is also the largest occupation group in Yorkshire and Humber construction.

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