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[VIDEO] Housing worth more than £10bn to the north - Sheffield Hallam researchers

Media centre home > News > [VIDEO] Housing worth more than £10bn to the north - Sheffield Hallam researchers

Issued:24/01/13

Housing organisations are worth over £10bn a year to the Northern economy, researchers at Sheffield Hallam have found.

Commissioned by the Northern Housing Consortium, academics at Sheffield Hallam University have conducted a nine-month study into the economic impact of the North’s affordable housing sector.

Their findings show that more than 116,000 full-time jobs in the North of England are supported by affordable housing providers, housing organisations support £10.3bn of output expenditure in the North  and that nearly 700,000 northerners benefit from community work conducted by the housing sector.

Professor Paul Lawless of the Centre for Regional Economic and Social Research at Sheffield Hallam, who has led the study said: “It’s clear from our findings that affordable housing is big business in the North.

"The scale and scope of activity conducted by housing organisations would surprise many people. What’s important to note from our study is the additional value created by housing – activities like repairs and construction create big economic impacts which ripple out into the wider northern economy.”

Northern Housing Consortium Chief Executive Jo Boaden added: “This study demonstrates the jobs and value created by affordable housing in the North.

"But we could do more – our study has shown that for every £1m government invests in housing in the North, we can create 51 additional jobs.

"Housing organisations already employ as many people in the North as car manufacturing and contact centres combined. The outcomes of this study show that housing organisations really are local engines for growth and are capable of generating."

Housing organisations consist of the social housing sector – housing associations, council housing and housing managed on behalf of councils by arms length management organisations.

Between them, the housing organisations encompassed by the study manage 1,198,000 homes across the three northern regions.

Copies of the main report, The Economic Impact of Housing Organisation on the North, by Chris Dayson, Paul Lawless and Ian Wilson are available here. To see media coverage of the report, click here