What does the Borough of Poole do for local businesses? Duncan Kerr– Economic Development Officer, Borough of Poole
Contents Background to Poole Top 5 Sectors Top 10 Companies Key Issues Council Support For Business – Influence, Advocacy, Delivery Key Initiatives Outcomes Expected Educational Information
Background to Poole Population – 138,800 (Male: 66,800 Female: 72,000) Average Income – £25,324 (UK - £25,931) Unemployed – 3% (UK – 4.1%) Average house price - £201,321 (UK - £161,783) Housing affordability – 8.2 (UK – 6.4)
Top 5 Sectors Advanced engineering (10,799) Health and social work (10,739) Retail (7,797) Education (6,734) Hotels and restaurants (3,945) Approximately two thirds of work force are employed in these sectors
Top 10 Companies Sunseeker (luxury yacht manufacturer) Barclays (financial services) LV= (investment and general insurance) Care South (provision of care services) Siemens (advanced engineering and systems) Kerry Foods (food packaging and distribution) RNLI (national head quarters for UK lifeboat service) Adecco (recruitment) Lush (perfume and cosmetics) Mploy (recruitment)
Key Issues Skills shortage Ageing population “Brain drain” Cost of housing Quality of environment Current economic climate Central / local government efficiencies
Council Support for Business Three key roles Influence Advocacy Delivery
Influence Key government departments Regional Integrated Strategy (spatial, economic and skills) Multi-Area Agreement Development (Local Planning Authority) Education (universities, colleges) Businesses (inc Chamber, FSB)
Advocacy Publicly-funded Business Support (BL, UKT&I) Business Engagement: direct visits and ongoing liaison Employment & Skills Board: employer’s voice into the Regional Skills Strategy Spreading the Good Message (Business Brief; Top of the Shops; Dorset Business Awards)
Delivery Regeneration: Twin Sail Bridge catalyst to £100bn investment Releasing 19 ha of employment land Delivering 10,000 homes Inward Investment: developers and business relocations Skills Development: from mentoring to Future Jobs Fund Promoting ‘Low Carbon Business’
Key Initiatives Multi Area Agreement – Bournemouth, Dorset and Poole Green Knowledge Economy: Green Energy, Green Building, Green Transport, Resource Management Local Investment Framework Employment and skills board Regeneration: Twin Sails, Town Centre North, £1bn inward investment
Outcomes Expected 10,000 new homes by % affordable, 75% 1 and 2 bedroom flats 13,920 new jobs by 2026 Improved infrastructure (Twin Sails Bridge) Reduced carbon output Improved salaries Britain’s “Sunbelt City”
Educational Information Bournemouth University (17,000+ students – 67% of students are full time) Arts University and Bournemouth and Poole College 8 secondary schools Significant changes to funding structure (SfA) NVQ % (UK – 29%) Businesses working with local schools Future Jobs Fund / Apprenticeships Employment and Skills Board NEET in line with national average
Thank You Any questions? Duncan Kerr– Tel: +44 (0)