Tower Crane Report Indicates Leeds Construction Activity Strongest it has been in 15 Years

Roofers Leeds • December 9, 2022

Roofers Leeds have done an analysis on construction activity reports in the region. Statistics presented by the Financial Times showed that the UK economy shrank in the third quarter of this year, with gross domestic product falling by 0.6 between August and September. Despite this, Roofers Leeds, has learned that construction activity in the city of Leeds is the highest it has been in 15 years. A planning survey by DPP has shown that there are currently 30 tower cranes in operation within the centre of the city. This is the highest number of cranes in use for 15 years. This is obviously, good news for those companies that operate within the construction sector, like roofing companies in Leeds. Another cause for optimism, as Roofers Leeds understands, is the number of planned construction and regeneration projects for the area. which should bring jobs, revenue and a new lease of life to parts of the city.


Our Roofers in Leeds team reviewed an article in Business Up North, which highlighted Leeds as the UK'S fastest growing city. According to the article, Leeds, has an economy worth 64.5 billion which is forecast to grow by approximately 20% in the next 10 years.


Investors are certainly taking note of Leeds strong economy and cultural heritage. The demand for homes and city centre living has seen recent completion of Moda Living, New York Square, which compromises 515 build to rent apartments and state of the art amenities. A similar scheme, in the city, is Tower Works which is scheduled for completion in April 2023. There is also set to be a year long celebration of Leeds cultural offerings in 2023.


Investment, in the city of Leeds, lis forecast to continue to be strong in the coming years. Roofers Leeds, have reviewed an article in "Leeds Live", which notes a planning application has been submitted for the construction of 1350 new homes, there will also be other developments such as a gym and co working areas. The construction is planned on a brownfield site which has been vacant since 2009.


Other notable developments include regeneration of the House of Fraser on Briggate, in to studio apartments. The Bank of England also has plans to open a new northern hub in Leeds.


Here at Roofers Leeds we specialise in commercial and residential roofing works, including roof repairs and replacements. Please contact a member of our friendly team today for all your roof related requirements.

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