The government has stressed that it will not let the credit crunch stop regeneration projects around the country, suggesting there will still be plenty of work for those who have completed the best trades training.

Local government minister John Healey revealed that he has commissioned a study that will examine the consequences of the current global credit crunch on regeneration.

He stressed the government wanted to make sure regeneration momentum built up over the past decade will be maintained even as finance becomes harder to obtain.

"The tightening terms of credit, uncertainty in the housing market and slower economic growth could all have an impact on regeneration investments. I want to make sure we understand these risks," Mr Healey explained.

"While we need to assess the influence of the current market sentiment we also need to recognise that regeneration is a long-term process and investment horizons are likewise long term."

Recently, the government pledged to continue the regeneration of Yorkshire. Its newest 20-year development plan called for 400,680 more homes (22,260 a year) to be built by 2026, indicating that people with trades training can look forward to plenty of work.