Barratt Developments contributes £355.5 million to Scottish economy with sustainable housing initiatives

07/12/2023
Doug McLeod - Barratt

BARRATT DEVELOPMENTS SCOTLAND, encompassing Barratt Homes and David Wilson Homes, has made a substantial contribution of £355.5 million to the Scottish economy. The housebuilder’s efforts in the year ending June 30, 2023, not only added economic value but also showcased its commitment to sustainability, completing 1,951 new homes and supporting 4,556 jobs across its North, East, and West Scotland divisions.

Barratt’s dedication to environmental responsibility was evident in the creation of over 32 hectares of green space, equivalent to 46 football pitches, designed to support wildlife in and around its sites. The housebuilder is actively working towards reducing its carbon emissions, with a goal of a 29% reduction in direct emissions by 2025 and a 24% reduction in indirect emissions per square metre by 2030.

Douglas McLeod, Regional Managing Director for Barratt Developments Scotland, expressed pride in the positive impact made on Scotland in 2023, delivering 1,951 new homes and contributing significantly to the economy. McLeod emphasised the company’s commitment to sustainability, using durable, quality materials that not only benefit the environment but also save customers money in the long run.

As part of its social responsibility, Barratt has invested £8 million in local contributions to build new facilities and community infrastructure, including the provision of 408 new school places. Over £54 million has been spent on physical works within communities, such as highways, environmental improvements, and community facilities.

Key findings from the Barratt Developments Scotland 2023 socio-economic report include:

  • Increased support for public services: Generated £63.3 million in tax revenues.
  • Community contributions: Donated over £398,000 to local charitable and community causes.
  • Supply chain support: Supported 603 supplier and 661 sub-contractor companies, with 90% of all components centrally procured, assembled, or manufactured in-country.
  • Retail impact: New residents contributed more than £35 million in retail spending, supporting 292 retail and service-related jobs.

Furthermore, the report highlighted the development of new talent as a key priority, with 75 graduates, apprentices, and trainees launching their careers with Barratt Developments Scotland in 2023.

The assessment of Barratt Developments’ performance was conducted by independent consultants Lichfields, analysing socio-economic impacts through the delivery chain for new housing based on Barratt datasets, published research, and national statistics.

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