We have been working with six of our members to promote the good work they do encouraging tenants to become self-employed. Empowering Tenant Enterprise: Six Inspiring Stories is the result, and you can read it here.
Housing driving economic growth
The primary aim of the Government’s Housing Strategy is “to help drive local economies and create jobs”. This is a very welcome recognition of the housing sector’s role in the economy. Economy, employment, and enterprise is an important and growing theme for the Northern Housing Consortium. We have recognised since the present government came to office that we must articulate our case for housing in the North within an economic narrative.
There is strong existing evidence of housing’s contribution to the economy, in terms of:
The initial stimulus provided by construction activity, for example:
- Spending £1 on construction generates £2.60 of value-added
- Building one house provides the equivalent of 2.3 years of direct employment for one person
- £1million spent on housing is the equivalent to 17.65 years of employment
The long-term impact of housing in tackling big issues such as health and climate change, for example:
- £1 spent on adaptations = £69.37 saved in NHS over 10 years
- £1 spent on insulation = £34.19 saved in NHS over 10 years
- £1 spent on overcrowding = £6.71 saved in NHS over 10 years
In addition, you can read more about the Consortium’s work on the following economy and enterprise issues: