HS2 To Create 7,000 Midlands Jobs
HS2 to create 7,000 Midlands jobs
Phase One of the controversial HS2 route has begun. HS2 Ltd and its contractors announced the news at the beginning of September, declaring that 7,000 Midlands jobs will be created to fulfill demand.
Concrete pouring began on Thursday 17th September at the Chiltern Tunnel site for the Tunnel Boring Machine (TBMs) launch pad. With two more TBM’s beginning work next Spring.
The news comes at a much-needed time amidst the current climate with 730,000 brits losing their jobs due to COVID-19. Its especially great news for the Midlands areas which include East and West Midlands, Derbyshire, Herefordshire, Leicestershire and more.
Boris Johnson described the line as being “at the heart of our plans to build back better”. And said the jobs created would offer people a path back into work after the pandemic.
“As the spine of our country’s transport network, the project will be vital in boosting connectivity between our towns and cities,” the Prime Minister added.
“But HS2’s transformational potential goes even further. By creating hundreds of apprenticeships and thousands of skilled jobs, HS2 will fire up economic growth and help to rebalance opportunity across this country for years to come.”
The 7,000 Midlands jobs contributes towards the total 22,000 construction jobs that will be created overall across the UK.
What does this mean for Birmingham?
Today, Birmingham has a regional economy in excess of £90 billion and an economic growth rate of 13.5% in the last 5 years. It really is no surprise that many investors are seeing the potential of Birmingham and the news of 7,000 new HS2 jobs only strengthen the area.
Here’s a few more facts about Birmingham and its strengths;
- £62 billion spent on its transport infrastructure
- 6050 people moved from London to Birmingham in 2015
- There are five universities with over 73,000 students
- 8000 acres of parks and open space
- The most Michelin star restaurants than any other UK city
The Forge development lies in the heart of Birmingham City Centre. Digbeth is vibrant area which is famous for its arts, nightlife and architecture. The 140-luxury apartment building is also conveniently located near the new HS2 hub site, located on Curzon Street. Nearby, you’ll find the Custard Factory, Digbeth Dining Club and the infamous Old Crown pub.
It’s an exciting time to invest in property. Contact us for more details.
If you are someone who is interested in a role with HS2, we have linked the website here.