The recent announcement was not only good news for the 22 school projects that are advanced in planning, it was also good news for employment in the construction industry. The projects announced are valued at somewhere in the region of £220 million, and it is estimated that they will create a potential investment of up to £625 million to the local economy and support some 6,200 jobs. Those figures are based on multipliers from the UK Contractors Group of £2·84 of investment potential for every £1 invested and 28·5 jobs created per £1 million of output.
In addition, my previous announcement in June 2012 included an investment of over £133 million in 18 newbuild projects. That investment will result in a further £380 million going into the local economy and will support somewhere in the region of 3,800 jobs.
As well as the announced projects, my Department has programmes of enhancement works, minor works and maintenance schemes that contribute to the local economy. Since early 2009, education sector capital projects have included employers’ social requirements. Those contract terms require contractors to recruit the long-term unemployed and apprentices and to provide student placements and training according to the scale of the project.