Chancellor of the Exchequer, George Osborne, today (19 March 2015) visited the site of Travis Perkins under construction South East distribution centre in Tilbury to welcome their announcement to create 4,000 new jobs in the UK over the next four years.
The decision, following the Chancellor’s Budget yesterday in which further support for the housing/construction sector was announced, will see the company invest £150 - £200 million per annum over the next 4 years.
Travis Perkins is the UK’s largest distributor of building materials to trade and retail customers and employs 24,000 people across almost 2,000 branches in the UK. The firm operates in fragmented markets and plans to open branches across Travis Perkins, Wickes, Toolstation, Benchmarx and in its Plumbing & Heating and Contracts divisions.
As part of the visit the Chancellor met with the company’s management team before touring the site.
The visit formed the first of the Chancellor’s regional tours aimed at highlighting the policies announced in Budget 2015.
Chancellor of the Exchequer, George Osborne said:
Our long term economic plan is all about backing successful British businesses like Travis Perkins. Their decision to create 4,000 new jobs and make significant investments is a vote of confidence in the UK.
The government is committed to providing continued support to the construction sector which is why in the Budget I announced a new Help to Buy ISA for first time buyers to help them save for their first home.
John Carter, Travis Perkins plc’s Chief Executive, commented:
Travis Perkins’ ability to create 4,000 new jobs reflects confidence in our businesses, the markets we operate in and the UK economy as whole. This confidence is supported by a number of actions taken by the government over the past 2 years, including the new Help to Buy ISA announced yesterday, that are continuing to support construction activity and improvements in consumer confidence.