Home builders generate £270million for economy

Torbay Weekly

Barratt and David Wilson Homes, who have sites across the region, including Devon, Somerset and Cornwall built more than 1,770 properties in the last financial year, of which 456 were affordable, contributing more than £275m to the UK’s economic output.

The achievements are highlighted in a new report that also measures the housebuilder’s social and economic footprint in the region during 2021, which includes the creation of 18.9ha of green space - equivalent to 27 football pitches, donating £44.8k to charitable donations, pledging 115 hours of employee volunteering and reducing CO2 emissions and construction waste against targets diverting 92% of construction waste from landfill sites.  

There was also the hiring of 51 graduates, apprentices and trainees on various employment programmes, investing £66m on physical works benefiting local communities such as highway and environmental improvements, affordable homes and community facilities, as well as supporting 1,592 sub-contractor or supplier companies to create local employment opportunities and resulting in a total spend of £244.7m.

Nicki Reid, Sales Director at Barratt Homes’ Exeter division, said: “In 2013, Barratt produced the first economic footprint by a housebuilder. Eight years on and we remain committed, continuing to make major contributions to society, the UK economy and the local communities in which we build.”

With the shortage of housing across the region and nationally, as well as the rising costs of energy bills, this comes as good news to all as our economy slowly recovers from the effects of the ongoing pandemic which has impacted so many of our lives in such a detrimental way. Barratt and David Wilson Homes are paving the way forward for a brighter future.

There have been numerous changes to the scale of socio-economic impacts over the last two financial years.

The report on Barratt and David Wilson Homes’ socio-economic footprint in 2021 was carried out by planning consultant Nathaniel Lichfield & Partners (NLP).  Barratt Homes and David Wilson Homes are currently building a range of homes throughout the region, including Elworthy Place near Taunton, Okement Park in Okehampton, Fairfax Heath near Tiverton, Treledan in Saltash and Blackdown Heights in Chard. For further information visit www.barratthomes.co.uk or www.dwh.co.uk