Highland housing boom saw Barratt Homes projects contribute £90m to north of Scotland economy, UK housebuilder claims
£90m has been injected into the north of Scotland economy thanks to a housing boom in the likes of Inverness, a housebuilder has claimed.
Barratt Homes and David Wilson Homes said their hundreds of new builds in the north in the past year helped to generate a £90m windfall for the region’s economy and supported almost 1200 direct and indirect jobs.
They said these jobs were located in the likes of Inverness, Aberdeen, Elgin, Dundee and Perth.
Around 430 new homes were constructed in the north in the year ending June 30, the businesses said, with their wider construction efforts across Scotland contributing more than £400 million for the country’s economy.
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David Palmer, managing director for Barratt and David Wilson Homes North Scotland, said: "We are extremely proud to have made a significant contribution to the North of Scotland's economy in 2024, delivering 430 new homes and boosting the region by £90 million. We’ve also continued to solidify our position as a leader in sustainable housebuilding, as demonstrated by the creation of over 21 hectares of green spaces that not only support local wildlife but also enhance the living environment for our residents."
As part of its housebuilding activity, Barratt and David Wilson Homes North Scotland claimed it had made £3.6m in local contributions to help build new facilities and community infrastructure. More than £4m was also been spent on physical works within communities, such as highways, environmental improvements and community facilities.
It also donated more than £69,000 donated to local charitable and community causes.
Meanwhile, the company said the development of new and future talent remained a key priority for it, with 55 graduates, apprentices and trainees launching their careers with the housebuilder in 2024 - 23 of whom were from its North Scotland division.
The company said the various figures were from an assessment carried out by “independent experts” who analysed socio-economic impacts through the delivery chain for new housing based upon datasets, published research and national statistics.
For full details of the methodology used please see www.barrattdevelopments.co.uk/building-sustainably/our-publications-and-policies/publications.
