Shortages in tradespeople will cost UK £12 billion a year by 2030, study finds

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Shortages in tradespeople will cost UK £12 billion a year by 2030, study finds
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Electricians, carpenters and joiners, and plumbers and heating engineers are likely to be in shortest supply - while the Midlands will be the worst-hit region

Shortages in skilled tradespeople, such as plumbers, carpenters, and electricians, are set to cost the UK £12bn a year in missed economic growth by 2030, according to research. The UK is currently facing a shortage of 166,000 tradespeople, with vacancy levels for many trades close to record highs.

And the East and West Midlands emerged as the regions facing the most significant skilled tradespeople deficits, with both areas forecasted to encounter shortfalls exceeding 35,000. By 2030, GDP growth in these regions will be reduced by £12.1 billion, and £14.5 billion, respectively, according to the research from Kingfisher, owner of B&Q and Screwfix, in partnership with economics consultancy, Cebr.

Half of young people said they have never considered a career in the trades – yet, looking back, 42 per cent would have liked more information about trade roles before deciding on their career path. The research also revealed a stark gender divide when it comes to trade careers – with only 35 per cent of young women saying they had considered a career in the trades, compared to 60 per cent of young men.

Thierry Garnier, Kingfisher CEO, said: “Tradespeople play a vital role in our economy and society – from improving and maintaining the nation’s homes, to installing energy efficiency measures that cut bills and emissions. To maximise the UK’s growth, but also to progress towards net zero over the coming decade, it’s vital that business and Government work together to encourage and support more young people to consider trade roles – particularly young women, who are seriously underrepresented.

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