Planners Back Huge Nottingham Scheme
16th Jul 2018
Analysis has found the number of student houses in Nottingham have risen by a third in just six years.
In 2010 there were 8,743 student properties in the city, however this has risen to 11,645 as of last year, representing an increase of 33%.
Student houses in Nottingham now reportedly account for one in 12 homes in the city.
Despite an influx of student accommodation, the East Midlands Chamber of Commerce, which represents businesses in Nottingham, remains supportive overall, highlighting the significant contribution students bring to the city's economy.
A spokesman for the chamber said: "Students contribute £63m a year in and around the city. That's from rent and day-to-day costs to nightlife.
"But they also provide huge other benefits to the local community.
"The universities themselves also bring in such colossal amounts of revenue, which without them we wouldn't have a taste of.
"They bring in tourism, when it's freshers week parents come down and they need to stay somewhere. You have to look at the wider picture. Nottingham would be a far poorer place without students."
The recent increase in student accommodation has been attributed to the rise in purpose-built student accommodation, which has the added benefit of freeing up traditional housing for the residential market.
However, it's not all positive. Managing director at Innes England, Tim Garrett, highlighted that purpose-built student accommodation was taking away suitable office space, limiting the number of potential new office jobs.
16th Jul 2018
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