Executive Housing Development at Grey Towers Farm, Middlesbrough
Preliminary Evaluation: Key Findings
01
ECONOMIC BENEFITS OF CONSTRUCTION
£124,000
Trade Uplift
57%
Construction Worker Expenditure
Uplift in trade
57% of Nunthorpe
businesses confirmed
an uplift in trade from
construction workers
£
Workers estimated to have spent £494,000
in Middlesbrough shops and services
during the first year of construction
including £124,000 in Nunthorpe.
£
Apprentices account for c. 10% of the
construction workforce
£494,000
72 FTE Jobs
110 FTE Jobs
Direct Employment
An estimated 72 permanent new FTE jobs created
Indirect/Induced Employment
An estimated 110 permanent new ‘spin-off’ jobs
created in the supply chain and related services
110
02
10%
EXTRA SPENDING IN THE LOCAL AREA
First
£59,000
tion Expenditure retained in Mid
Occupa
dlesb
97%
£57,250
roug
h
First Occupation Expenditure
First Occupation Expenditure
Generated to date by 6 participating households
50%
of households at Grey
Towers Farm now spend
more money in the Borough
On goods and services to make a house ‘feel like home’
in Middlesbrough, based on 6 participating households
£3,120 £25,220
Extra Spend per Household in Local Shops
and Services
of shops and services in Nunthorpe
expect Grey Towers Farm to have a
positive impact on their business
83%
per annum - preliminary estimate only
03
EXTRA REVENUES TO THE COUNCIL
£
£
£
£189,200
New Homes Bonus Payments to
Middlesbrough Borough Council
(15 homes delivered to date)
£600,000
£34,
500
Net Additional Council
Revenues per annum (15 homes delivered to date)
S106 & Other Planning Contributions
To fund road improvements, sports
facilities, affordable housing and other
facilities £8.85m in further payments
expected
04
THE NEW RESIDENTS
£100,000+
£50,000 to
£95,0000
40%
60%
£30,000
40% of households earn £100,000 or more, 60% earn £50,000.
The Middlesbrough average is estimated at £30,000
NB - analysis excludes 1 non-respondent
Middlesbrough
Where have they come from?
33%
33%
Middlesbrough
Average
What do they earn?
50%
Senior/
professional
roles in key
LEP sectors
50% of residents previously lived outside the LA area
Where do they work?
By head of household
66%
Retaining the town’s population
66% of those residents moving locally would have left
Middlesbrough without Grey Towers Farm
Business
Owners