Social housing residents contributed £15bn to London economy, study finds

According to research by the Confederation of British Industry and the Centre for Economics and Business Research, Londoners living in social housing contributed £15 billion to the capital’s economy, in the year 2015.

The research found that over a third of social housing residents work in the emergency services and the same number are in essential lower paid jobs including carers, security staff, cleaners, postal workers and kitchen assistants.

The confederation warned that a severe shortage in affordable homes is forcing vital workers out of the city and that a salary of £59,000 was needed in order to afford the rent on a homes in Inner London.

Event Diary

DISCOVER | DEVELOP | DISRUPT

UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.

The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.