Economic Value Of Leeds Construction Project Revealed

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Economic Value Of Leeds Construction Project Revealed

Economic Value Of Leeds Construction Project Revealed

When large, new construction projects are announced, there is often a lot of discussion over how many jobs they’ll create and how many skilled workers will be employed or trained throughout the duration of the build.

It can be easy to forget that large scale construction schemes can have an impact long after the scaffolding has come down and the building has been completed.

Planning and Building Control Today (PBC Today) recently revealed the scale of the impact that the Wellington Place project in Leeds has had on the city.

According to the news provider, it has so far contributed a total economic value of £200 million to the Leeds economy. Some of this has been as a direct result of the construction work, while part of the value has come from the businesses and organisations that have moved to the area since its regeneration.

For example, over 300 construction jobs have been created during the course of the development, which has also enabled the creation of 100 apprenticeships in the sector.

What’s more, the news provider noted that, to date, it’s been responsible for £180 million in contractor spend.

And it’s continuing to generate value for the city with its 800,000 sq ft of office and leisure space. Among the leisure facilities are bars, restaurants, shops, a gym and new public spaces.

Nearly 5,000 people already work at Wellington Place, while this figure is expected to rise significantly, to around 11,000, when a new regional government hub opens later in the year.

The developer for Wellington Place MEPC has worked closely with Leeds City Council on the plans to create a thriving new district in the centre of the city.

The company’s chief executive James Dipple commented: “We were committed to creating something incredibly special in the city centre of Leeds – a people-first development that was designed in such a way that it actively encouraged its own culture and community.”

He added that they have always focused on sustainability, made great efforts to retain outdoor spaces and worked hard to look after their customers.

The development is currently at its halfway point, with Mr Dipple noting that the team at MEPC are excited about its future as it “continues to grow and support Leeds’ ambition of being the most prominent city in the north”. 

Three buildings are currently being constructed in Wellington Place, with two set to be finished at the end of this year, and one more due for completion in 2020.

Leeds is certainly working hard to make it stand out as much as possible from other cities in the north of the UK. Earlier this month, work to extend Leeds Bradford Airport was started. The project involves a significant expansion of the terminal building.

As well as allowing it to provide better facilities and therefore a better service to all the people who pass through the airport, the extension will also help the transport hub to meet its target of doubling the number of passengers it serves by 2030.

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