Building skills to power London’s growth

Reflecting on my recent visit to the London School of Science and Technology (LSST) and its impressive new construction training centre, I was struck by the reminder that London’s future is in the hands of skilled labour. This reminder is especially meaningful given that many in our community have had long successful careers in the construction industry. London is in the middle of a housing crisis, the effects of which are being felt across every community in our city. Soaring rent prices, a shortage of houses and London’s growing size and population every year has placed enormous strain on the current housing market. Having said that, this could be seen as an opportunity.The construction sector might just be the key to addressing these challenges. Building more homes is essential to not just increasing the number of homes but bringing down prices and improving affordability. At the same time, construction is a key driver of economic growth through its part in supporting jobs, local businesses and London’s wider economy. Yet as the demand for new homes rises, so too does the demand for skilled and experienced workers. Many construction firms, of which I know includes businesses within our community, are struggling to recruit the skilled employees they need, slowing down projects and increasing costs. This is why opportunities like the new LSST construction training centre are so valuable.  The centre provides young people and adults with practical, hands-on training which helps them develop the skills and experience necessary to begin working and progressing within the construction industry. It opens the door to steady, long-term jobs, whilst also giving employers access to the skilled workers they urgently need. This new training centre is part of a wider effort from the Mayor to help Londoners move into skilled industries where jobs are plentiful. Given our community’s deep involvement in London’s infrastructure and economic life, it is vital that we seize the opportunities created through this investment. I know from speaking with many of you that there is real concern about the future of your businesses with the current pressure on the market. With news like this, we can be confident that the future of our industry, and city, is in good hands. For families who have built their livelihoods through the construction industry, initiatives like these mean clear pathways for the next generation by granting access to qualifications, career progression and job security.