Dealing with the Economic Downturn in Melton. The current economic picture (1)  Unemployment in the Borough rose from 0.8% to 2.7% between April 2008.

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Presentation transcript:

Dealing with the Economic Downturn in Melton

The current economic picture (1)  Unemployment in the Borough rose from 0.8% to 2.7% between April 2008 – February 2009  An increase of over 230%  Melton – joint highest rate of increase across the County

The current economic picture (2) WardMaleFemaleTotal Asfordby4.1%1.7%2.9% Frisby1.6%1.5%1.6% Gaddesby2.7%1.1%2% Old Dalby2.8%1.2%2% Somerby1.7%

The current economic picture (3) Melton CAB – dealt with more than £3m of debt in 07/08 Since November, increase in workload of 20% Exacerbated by recession Impacts on health, relationships, quality of life

The current economic picture (4)  House sale prices are back to March 2006 levels in county – Melton has seen the biggest decrease on last years prices by 17.7%  In summer % of visitors in county’s towns & village centres expected to be worse off next year – but respondents in Melton amongst the most optimistic

The current economic picture (5) 89% of businesses highlighted that they are suffering as a result of the economic downturn 65% of businesses highlighted that turnover over the last 12 months has decreased 70% of businesses highlighted that profitability over the last 12 months has decreased 54% of businesses highlighted that staff numbers have decreased over last 12 months

What are we doing? Business Programme of business support / development activity Programme of business support / development activity Proactively work with the local business community – lobby on key issues Proactively work with the local business community – lobby on key issues Rates relief Rates relief

What are we doing? People & communities Improve access to support – awareness raising (eg fuel poverty) Improve access to support – awareness raising (eg fuel poverty) Tackling loan sharks campaign Tackling loan sharks campaign Help with council tax & rents payments – get in touch! Help with council tax & rents payments – get in touch!

What are we doing? Support CAB / Melton Credit Union – new opportunities for outreach? Support CAB / Melton Credit Union – new opportunities for outreach? Redundancy support leaflet Redundancy support leaflet Help people maximise income – access to benefits etc… Help people maximise income – access to benefits etc…

What can you do? Get in touch to discuss any issues! Help raise awareness Volunteer? CAB / Credit Union

Matt Earnshaw Economic Regeneration Manager