Economic contribution to LONDON© Centre for Economics and Business Research Ltd, 201125. The sector accounted for 4.1% of London'sworkplace GVA in 2008, the lowest in the UKdespite the industry in London being the secondbiggest in absolute terms. This is down to theunique structure of the London economy.. The total contribution to regional GVA stood at£28,360m in 2010. The corresponding regionalmultiplier is 89.3% of the UK-wide multiplier. About10.7% of the impact is felt outside London. . The construction sector accounts for almost 5.2% of workforce jobs in 2011, down from a high of5.6% in 2008.. A total 308,014 FTE jobs is estimated to besupported by construction activity in London. But this is over 50,000 lower than in 2008.. The construction sector comprised 32,090enterprises in 2011, 32,040 of which were SMEs.Their construction activities supported a further31,690 SMEs throughout the region - a total of63,730 being supported through construction supply chains.Source: ONS, Cebr modelling Direct GVA and employment contributions and total direct, indirect and induced impacts on the London economy Year 2007 2008 2009 2010 2011 GVA (£m, constant 2010 prices) 10,922 10,631 9,900 10,685 Total GVA impact (£m, current prices) 28,600 28,969 26,931 28,360 Direct employment (FTE jobs) 135,798 140,467 128,934 119,269 120,600 Total employment impact (FTE jobs) 346,829 358,754 329,300 304,616 308,014

. Construction in the South East has also performedwell, with output increasing in real terms by lessthan 2% between 2007 and 2010. Cebr predict areal terms decline in the industry's GVA contributionto the region of almost 3%.. New housing declined by 17% and 20% in 2008 and2009 respectively, but increased by over 36% in2010. The largest contributor was a 31% increase innew private housing. . New infrastructure grew by over 32% in 2009 and over 58% in 2010, following only a small declinein 2008. . The number of FTE jobs in the South Eastconstruction industry stands at an estimated174,235 in 2011, just over 1% less than its peak in 2009. Economic contribution to the SOUTH EAST of ENGLAND© Centre for Economics 26and Business Research Ltd, 2011Source: ONS, Nomis, Cebr modelling Real GVA and FTE jobs in the South East 158 160 162 164 166 168 170 172 174 176 178 10,200 10,400 10,600 10,800 11,000 11,200 11,400 11,600 11,800 12,000 12,200 2007 2008 2009 2010 2011 GVA constant prices (£m, LHS) Full-Time Equivalents (FTE) ('000s, RHS)