Barratt Developments signals £355.5m contribution to Scottish economy
Barratt Developments Scotland has made a substantial contribution of £355.5m to the Scottish economy, an independent assessment has concluded.
In the year ending 30 June 2023, Barratt Developments Scotland, which includes Barratt Homes and David Wilson Homes, also completed 1,951 new homes and supported 4,556 direct, indirect and induced jobs across its North, East and West Scotland divisions.
The housebuilder also reinforced its commitment to creating homes for nature as well as people. The business created over 32ha of green space around the country, the equivalent of 46 football pitches, to help support wildlife on and around its sites.
Across the UK, Barratt is working towards reducing its direct carbon emissions by 29% by 2025 and indirect emissions by 24% per square metre by 2030. In the past year, CO2e emissions per 100m.sq. of completed build area fell to 1.87t in Scotland – a reduction of 2% from the 2018 benchmark.
Across the business, 99% of homes were built to EPC A and B ratings, helping save customers money by providing the highest standard of energy efficiency.
Douglas McLeod, regional managing director for Barratt Developments Scotland, said: “As the UK’s largest housebuilder, and one of the most sustainable, we place considerable emphasis on supporting people, the environment and generating strong economic growth for the country. We are very proud to have made such a positive contribution to Scotland in 2023 with 1,951 new homes being delivered to families and boosting the economy by £355.5m.
“We’re particularly proud to continue to progress our position as the UK’s most sustainable housebuilder, using long lasting, quality materials that ultimately save our customers money.”
As part of its housebuilding activity, Barratt has made £8m in local contributions to help build new facilities and community infrastructure. This contribution includes the provision of 408 new school places. More than £54m has also been spent on physical works within communities, such as highways, environmental improvements and community facilities.
Other key findings from the Barratt Developments Scotland 2023 socio-economic report include:
- Increased support for public services with £63.3m in generated tax revenues
- Over £398,000 donated to local charitable and community causes
- 603 supplier and 661 sub-contractor companies supported
- Increased support for the UK supply chain with 90% of all components centrally procured, assembled or manufactured in-country
- More than £35m in retail spending by new residents, helping support 292 retail and service-related jobs
The development of new and future talent remains a key priority for Barratt Developments Scotland and 75 graduates, apprentices and trainees launched their careers with the company in 2023.
The assessment of Barratt Developments’ performance was carried out by independent consultants Lichfields, who analysed socio-economic impacts through the delivery chain for new housing based on Barratt datasets, published research and national statistics.