Pinewood Studios: Business Case and Economic Impact Assessment

Pinewood Studios LtdPinewood Studios: Business Case and Economic Impact AssessmentJanuary 2013Figure 4.7: PSDF – schedule of capital expenditure200180160Professional feesConstruction worksCapital expenditure (£ millions)1401201008060402004.5.1.4 Overall, it is estimated that expenditure of £194 million would support some 1,369 person yearsof gross direct employment in relation to construction activity and professional servicesprovided. On the basis of the convention that ten person years of employment to approximateone permanent job, it is estimated that the overall expenditure in the construction phase willsupport 137 ten year 64 equivalent FTE jobs.4.5.1.5 It is anticipated that expenditure will support employment in wide range of construction andassociated occupations. In terms of on-site manual employment, Figure 4.9 sets out anindicative occupational profile 65 identifying the relative proportion of time worked by bothskilled and unskilled workers in different trades. Based on this profile it is estimated that skilledoccupations will account for approximately 73% of on-site labour, with unskilled activitiesaccounting for 27%.4.5.1.6 Alongside the projected manual occupations identified in Figure 4.8, construction expenditurewill also support a range of non-manual employment, both within the professional team and theappointed works contractors.6465In line with convention, ten person years of temporary employment is taken to be equivalent to one permanent full time job.Profile based upon analysis of employment supported in construction phase for comparator Business Park and Science Park developments– Merseyside Construction Initiative, EC Harris51