eco

Olympic Legacy for the Trades as well sport.

The London Legacy Development Corporation (LLDC) has appointed Britain’s second biggest homebuilder to build the first of the five new neighbourhoods on the Olympic Park.

The appointment of Taylor Wimpey and asocial housing landlord L&Q will transform the 9.3 hectare Chobham Manor site, delivering 870 new homes and supporting thousands of new jobs in the trades.

Sitting between the Athletes’ Village and the Lee Valley VeloPark, the development of Chobham Manor will address the residential needs for larger homes, with more than 75% of the new homes offering family housing.

Daniel Moylan, Chairman of the London Legacy Development Corporation, said:“Chobham Manor will set the tone for the high quality neighbourhoods we want to create across the Park with new schools, health centres and community spaces to support them.”

The Mayor of London, Boris Johnson, welcomed the announcement by emphasising the future benefits for local communities and the increasing accommodation needs in the city.

Mr Johnson said: “With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength.

“The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”

Renewable Energy Projects to Bring Billions of Investment into the UK

Changes to subsidies for renewable electricity in Britain could accelerate up to £25 billion of new investment and create thousands of new jobs according to the Secretary of State for Energy and Climate Change, Edward Davey.

Bandings for renewable technologies were set last week under the Government’s Renewables Obligation which will support and create new green jobs whilst at the same time minimise energy cost to consumers.

Edward Davey, Secretary of State for Energy and Climate Change, welcomed the decision which will ensure rapid growth in the renewable energy and unlock further green investment.

Mr Davey said: “Renewable energy will create a multi-billion pound boom for the British economy, driving growth and supporting jobs across the country.

“Because value for money is vital, we will bring forward more renewable electricity while reducing the impact on consumer bills between 2013 and 2015, saving £6 off household energy bills next year and £5 the year after.”

The Banding Review (as set out by the DECC) includes:

  • Support for onshore wind from 2013-17 will be reduced by 10% to 0.9ROCs, as consulted on in autumn 2011. This level is guaranteed until at least 2014 but could change after then if there is a significant change in generation costs. A call for evidence on onshore wind industry costs will be launched this autumn and report in early 2013.
  • Rates of support for offshore wind will reduce as the cost of the technology comes down during the decade;
  • Support levels for certain marine energy technologies will more than double from 2ROCs to 5ROCs per MWh, subject to a 30MW limit per generating station;
  • There will be a new band to support existing coal plant converting to sustainable biomass fuels. This will increase the amount of renewable energy produced at less cost to consumers; and
  • There will be no immediate reduction in support for large-scale solar, but there will be a further consultation this year on reduced support levels given recent dramatic falls in costs.

10, 000 Renewable Energy Jobs to Be Created

Global renewable energy developer, Element Power, has sign a deal with the National Grid UK to provide 3,000 megawatts of electricity to Ireland, creating 10, 000 jobs during project’s development and construction phase.

Electricity is expected to be transmitted through two subsea cables connecting wind power generated in the Midlands of Ireland to consumers in the UK.

The deal which is part of a series of projects exporting wind power could save UK consumers £7 billion over the project’s lifetime compared to sourcing the same energy from sea-based offshore wind farms.

Element Power said that the project would also result in the creation of an estimated 3,000 long-term operational and manufacturing jobs in the UK and Ireland.

Chief Executive Officer at Element Power Ireland, Tim Cowhig believes the project will bring substantial benefits to the economy and pave the way for more jobs in the building engineering industry.

Mr Cowhig said: “Greenwire is a particularly timely project which will enable the economy to harness our renewable energy resources to our economic advantage.

“Greenwire is the enabling project that will allow this to happen boosting our national trade and generating considerable employment and benefit to the Midlands region.”

The growing popularity of wind farms has seen an enormous boost for the renewable energy sector, creating more employment opportunities for engineers and trades professionals. It has been reported that the number of people working in this sector has grown significantly in the last two years.

Private Housing Starts Boost Employment and Create New Jobs

Increased demand from first-time buyers coupled with the government’s increased investment in the housing market are driving new private housebuilding projects to grow by 40 per cent in the second quarter of 2012, resulting in more employment opportunities for people in the trades.  

New data published by construction industry analyst Glenigan has revealed significant year-on-year growth in the underlying value of new private housing project starts in the first two quarters of 2012, compared to the same period in 2011.

Glenigan forecasts indicate that the underlying value of project starts will increase by 29% over 2012 providing further employment opportunities for builders and trade professionals, including electricians, plumbers and gas engineers.

Glenigan said the findings are giving a strong indication that confidence is returning to the private housebuilding market, paving the way for more jobs in the building construction industry.

Economics Director at Glenigan, Allan Wilén, said that despite weak economic conditions and a fragile banking sector, housing developers have seen an increased demand from first-time buyers and the government’s incentive schemes which have helped them to make a swift economic recovery.

Commenting on the sector’s future performance Mr Wilén said:“While the threat of an increase in interest rates and the end of the stamp duty holiday have stymied the market to a certain extent, we expect the sector to continue to grow through 2012 and 2013 as the wider economy begins to recover once more.”

The figures from Glenigan, compiled through comprehensive data collation and exhaustive research, reveal that London and the South East continue to dominate the market having accounted for almost a third of the value of all new private housing schemes starting on site in the first half of 2012.

The Most Energy Efficient Country can create jobs!

The UK has been ranked as the most energy efficient country in the world according to a new study which calculates countries’ efforts to reduce energy use and shows the overall effect of green policies, contributing for the creation of thousands of new jobs in the renewable engineering industry.

The study was published by the American Council for an Energy-Efficient Economy (ACEEE) which ranked the UK first among the world’s 12 largest economies, closely followed by Germany, Italy, and Japan, for reducing pollution in industry, transport and buildings.

British Secretary of State for Energy and Climate Change, Edward Davey, welcomed the International Energy Efficiency Scorecard by the ACEEE, emphasising the importance of low-carbon and renewable initiatives in the UK for future economic growth and sustainable development.

Mr Davey said: “The UK and the leading economies of Europe are now well ahead of the United States when it comes to energy efficiency. This is significant because countries that use energy more efficiently require fewer resources to achieve the same goals, thus reducing costs, preserving valuable natural resources, and creating jobs.”

The 12 largest economies, Australia, Brazil, Canada, China, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States, and the European Union represent over 78 per cent of Global Gross Domestic Product;  63 per cent of global energy consumption; 62 percent of the global carbon-dioxide equivalent emissions.

Author of the report and ACEEE Senior Researcher, Sara Hayes, said that investment in cost- effective energy efficiency can help many countries to strengthen their economic competitiveness and create new jobs in the renewable industry.

Ms Hayes said: “While energy efficiency has played a major role in the economies of developed nations for decades, cost-effective energy efficiency remains a massively underutilized energy resource. Fortunately, there is a lot countries can do to strengthen their economic competitiveness through improvements in energy efficiency.”

Energy Networks Upgrade to Create New Jobs

Around 7 000 gas engineers, qualified electricians and plumbing professionals could benefit from the £22 billion investment plan announced by Britain’s energy regulator.

Ofgem (the Office of Gas and Electricity Markets) has unveiled an ambitious plan to upgrade country’s gas and high voltage electricity networks, ensuring they remain among the most reliable and secure in the world.

Major projects such as new sub-sea electricity cables, linking England, Wales and Scotland, will be also funded as part of the package to renew Britain’s energy networks, currently operated by the National Grid.

The announcement was revealed within minutes after the government’s confirmation for a £9 billion boost investment programme to improve the nation’s railways. Both announcements today represent a total investment of £31 billion which will provide significant employment opportunities for trade qualified professionals.

Ofgem has estimated that £7 billion from the announced investment would help improve low pressure gas networks which deliver gas to homes and businesses across Britain.

In addition, these proposals are expected to enable gas distribution companies to connect around 80, 000 fuel poor households to the gas network.

Ofgem Chairman, Lord Mogg said: “Britain faces an unprecedented need to invest to replace ageing infrastructure, meet environmental targets and deliver secure supplies.

“This needs to be carried out at a time of global financial uncertainty, which makes attracting investment difficult but possible.”

Good News for the Trades as the Government Unveils a £9 Billion Investment in Rail Infrastructure

“Growth-boosting railway projects to help for the creation of new electrical, plumbing and engineering jobs”  

The Government has announced a £9.4 billion infrastructure investment package that will deliver sustainable economic growth and pave the way for thousands of new jobs for people in the trades, the Department for Transport revealed today.

The plan includes the electrification of a number of railway schemes including the Midland Main Line between Bedford and Sheffield creating new jobs in the electrical engineering sector.

Other rail improvements contributing for the creation of more employment opportunities for trade professionals including electricians and engineers, have been announced for the Manchester area, south Wales and East Coast Main Line

Prime Minister David Cameron called it the “biggest modernisation of our railways since the Victorian era” with the deputy Prime Minister, Nick Clegg, naming it as “the biggest expansion in railways in over 150 years”.

The £9 billion investment of growth-boosting railway upgrades across England and Wales will mean faster journey, more reliable services and an increased capacity for 140,000 extra daily commutes, Transport Secretary Justine Greening said in a statement.

Prime Minister David Cameron said: “From Crossrail, high speed rail and now the billions of pounds of investment we are announcing today, this government is committed to taking the long term decisions to deliver growth and jobs.

“In what is the biggest modernisation of our railways since the Victorian era this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world class rail network.”

Chancellor of the Exchequer George Osborne commented he was pleased with the government’s decision to fund in full the Northern Hub which will help rebalance the UK economy and enable future economic growth throughout the regions.

Mr Osborne said: “This government is making more funds available to invest in rail projects than at any time since the Victorian era, and shows that the government is committed to delivering on its promises to support investment in public infrastructure that will support economic growth.”

As reported on the BBC website some of the newly announced major improvements include:

  • Electrification – completion of the Midland Main Line from Bedford to Sheffield costing £800m, local lines in the Welsh Valleys, costing £600m, and an extension of the already-announced electrification between Manchester and Leeds
  • The Northern Hub – a series of projects around Manchester worth £322m that improve northern rail capacity to get more and faster trains across the north of England
  • Upgrades to the East Coast Main Line from London to Leeds and Newcastle worth £240m to create faster journeys and capacity
  • The reopening of the east-west link from Oxford and Aylesbury to Milton Keynes
  • Electrification of the lines from London to Bristol and Cardiff, and from Manchester to Liverpool, Blackpool and Leeds
  • Upgrades to stations and tracks creating capacity for an additional 140,000 daily rail commutes at peak times, including £350m for lengthening platforms at London’s Waterloo station

OFGEM consults on £22 Billion Upgrade

Around £22 billion allocated to upgrade and renew Britain’s gas and high voltage electricity networks. This will ensure that Britain’s networks remain among the most reliable in the world

Investment is integral to secure Britain’s future energy supplies and is part of the £200 billion identified as part of Ofgem’s Project Discovery regarding security of supply

Ofgem’s close scrutiny of companies’ plans secures project investment and ensures value for consumers

Ofgem is today announcing proposals to upgrade and renew Britain’s electricity and gas networks. These include funding £17 billion of investment with around a further £5 billion potentially available over the course of the price control period (1 April 2013 – 2021).

The majority of the proposed investment, around £15 billion, would include the upgrade and renewal of the high voltage electricity network in England and Wales and the high pressure gas networks across Britain. These networks are operated by National Grid and the package would fund major projects such as new sub-sea electricity cables linking England/Wales and Scotland. The building of these critical infrastructure projects could create around 7,000 jobs, mainly in the construction supply chain.

An estimated £7 billion would help to ensure that our low pressure gas networks, which deliver gas to homes and businesses, remain safe and reliable. The money would fund the continued maintenance across Britain of the gas distribution network, in particular the gas mains replacement programme. In addition, our proposals would enable the gas distribution companies to connect around 80,000 fuel poor households to the gas network. The proposals will also enable funding for companies to develop carbon monoxide awareness initiatives.

Ofgem Chairman, Lord Mogg stated: “As Ofgem’s Project Discovery set out, Britain faces an unprecedented need to invest to replace ageing infrastructure, meet environmental targets and deliver secure supplies. This needs to be carried out at a time of global financial uncertainty, which makes attracting investment difficult but possible.

“In addition, through Ofgem’s RIIO price controls we are driving improvements in company performance to ensure costs are kept as low as possible for consumers by incentivising efficient investment and penalising poor performance. Our ‘vanilla’ weighted average cost of capital of around 4.5% (6.7-7.0% cost of equity) achieves these criteria.”

RIIO has ensured that network companies have stepped up stakeholder engagement with consumers and network users so that they only deliver the investment which is needed. They are then incentivised to deliver this investment as cost effectively as possible.

To further safeguard consumers, Ofgem will only approve the further £5 billion where there is a demonstrable need for the infrastructure, therefore protecting consumers from paying for redundant assets. Following close scrutiny of the plans, Ofgem has reduced the companies’ requested funding by 20%.

The impact of the total RIIO package announced today is estimated to lead to household bills being around £7 higher in 2013, rising to around a £15 increase in 2021. The average increase on annual household bills across the eight years of the price control is around £11 compared to this year.

Good News for the Trades as Three Firms Announce to Build New Homes in Scotland

Three of the leading UK housebuilders are set to build thousands of new homes as part of a major transformational project in Bishopton, South West Scotland, creating new jobs in the building construction sector. 

Taylor Wimpey, CALA and Persimmon have reached an agreement with the defence giant BAE Systems to build around 600 energy efficient homes on the former Royal Ordnance Factory site in Bishopton.

More than 2,500 new homes will be built over the 15-year development programme, making this one of the most exciting property developments taking place in the UK at the moment.

Construction work on the first phase of the £32 million residential development is scheduled to start in September 2012. During its construction phase, the project is expected to create around 4,000 full and part-time employment opportunities for local residents and people in the trades.

Project Director for BAE Systems, Lynda Johnstone, said: “It is testament to the scale and quality of the transformation project that it has sparked the high level of interest from property developers of the calibre of Taylor Wimpey, CALA and Persimmon.

“The multi-million pound regeneration programme will see high quality homes in the area and deliver a new community, which alongside the housing development will include a new primary school, library, community centre, leisure facilities and woodland park to complement the existing friendly, close-knit village feel of Bishopton.”

The regeneration is expected to deliver significant employment and business opportunities with the first homes going on sale in early 2013.

 

 

New Jobs with a £110 Million mixed-use Regeneration Scheme to go ahead in Greenwich

Leading property developers, Development Securities and the Cathedral Group, have confirmed today they have bought a 2.2-acre site in Greenwich town centre which will enable the development of a 350,000 sq. ft. mixed-use regeneration scheme, paving the way for new jobs in the building construction industry.

Following completed acquisition of the site for £16 million, both companies are now able to begin infrastructure work in order to prepare the land for the £110 million scheme which will include 25,000 sq. ft. mixed-use leisure and retail space.

From an earlier announcement it became clear that Development Securities has exchanged contracts for a £50 million residential element of the scheme with Willmott Dixon.

In addition, contracts for sale have been exchanged with McLaren at £8.3 million for the building of a 358-bed ‘student village’; the deal is expected to complete in August this year.

Chief Executive at Development Securities, Michael Marx, said: “This is a good example of the successful implementation of our strategy to create value by repositioning secondary or tertiary real estate into prime or near-prime development via the process of regeneration.”