Published: 4th Feb 2020

England’s built heritage is worth £31bn to the economy and supports over 464,000 jobs, according to research published by Historic England. The research is included in a new report, on behalf of the Historic Environment Forum, and shows the value of heritage to England’s economy. According to the report, for every £1 spent on England’s heritage, an additional £1.21 is supported in the wider economy of England thanks to the supply chains of the heritage sector and due to the expenditure of their employees. The report highlights that the on-going need to repair, maintain and restore historic buildings creates strong dependencies between the heritage, construction and development sectors when specialist skills are needed. According to the report, In 2018, heritage-related construction activities generated £7.1 billion in gross value added (GVA) in England employing over 100,000 people. Heritage is also a key tourism driver. In 2018, £17bn was spent on heritage-related … (To read the full article, subscribe below)