Canary Wharf workforce quadruples in a decadeAugust 19, 2013
Canary Wharf and the Isle of Dogs continues to be an economic success story for London and a driver for growth in the UK. Figures released by the Office for National Statistics shows that employment in the district has quadrupled over the last ten years and is likely to double over the next two decades. If it were its own town, it would be in the top 20 largest concentrations of employment in the country. Canary Wharf Group announced last year that they are planning to build another 5m sq ft of office development at the Wood Wharf site at the south of the peninsula.
The wider implications of this on the UK economy can sometimes be overlooked. Our recent study, ‘Building London, Building Britain’, found that office construction in central London generates twice the economic benefits – and supports almost twice as many jobs – outside London as it does in the capital, whilst around 84% of direct expenditure on central London office development remains in the UK economy.
Read about Skills London 2013, a two-day event, providing young Londoners with access to job vacancies, have-a-go opportunities as well as information and advice on careers and training, is the largest of its kind and has been organised by London First since 2005. The event, run in partnership with Prospects, follows the success of Skills London 2012, launched by the Mayor of London and sponsored by the National Apprenticeship Service, and which had more employers offering more jobs than ever before.