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Bradford’s Economy. The Bradford Economy 15,000 businesses Employ 195,000 people 22,000 self employed.

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Presentation on theme: "Bradford’s Economy. The Bradford Economy 15,000 businesses Employ 195,000 people 22,000 self employed."— Presentation transcript:

1 Bradford’s Economy

2 The Bradford Economy 15,000 businesses Employ 195,000 people 22,000 self employed.

3 Economy 15,000 businesses Employ 195,000 people 22,000 self employed. Third largest economy in the Region 3 out of Yorkshires top 5 quoted companies based in Bradford

4

5 Bradford’s workforce is growing, the working age population has grown by 9,000 since 2000, a rise of 3.3%, the fastest growth of any major city in the UK outside London. 4.3 million people live within a 60 minute drive- time of Bradford city centre Unemployment is falling at more than twice the regional and national rates. More than 30,000 jobs have been filled in the past year. The Bradford Economy

6 Bradford attracts more than 11 million visitors a year – worth £408 million to the local economy. National Museum of Photography, Film and Television - the most visited museum outside London, the Bronte Parsonage at Haworth and Saltaire. £1.5 billion of investment is currently planned for Bradford including a £400 million redevelopment of the city centre and £110 million redevelopment of Lister Mills, once the largest silk mill in the world. The Bradford Economy

7 Employment Change Bradford District 1974- 2002 55,000 Manufacturing Jobs Lost 54,700 Service Sector Jobs created

8 % Employment Change by Sector 1998-2003 Construction Manufacturing Services All

9 Manufacturing Employment Change Bradford District 1998-2003 Printing & Packaging Textiles Engineering Food & Drink

10 Service Employment Change Bradford District 1998-2003 Financial Services Hotels & Catering Business Services Retail

11 Business Services Employment Change Bradford District 1998-2003 Legal Services Computer related Accountancy Recruitment Agencies But …….

12 Full Time/Part Time Employment Change 1984-2003 Manufacturing ServicesAll

13 Full Time/Part Time Employment Change 1984-2003 Manufacturing ServicesAll Loss of full time manufacturing jobs.

14 Full Time/Part Time Employment Change 1984-2003 Manufacturing ServicesAll Services employment growth both full and part time.

15 Full Time/Part Time Employment Change 1984-2003 75% of overall employment growth has been part time jobs Manufacturing ServicesAll

16 demographics (census 2001 )     Students Bradford has a youthful population compared to Leeds Forecast employment growth in Leeds will increasingly be met by Bradford residents BRADFORD LEEDS

17 Shipley Mean Household Income Less than £16,000 £16,000 - £20,000 £20,001 - £26,900 £26,901 – £33,000 £33,001 - £42,000 £42,001 - £53,000 Keighley Ilkley Bingley Bradford District average = £26,900 UK average = £29,300

18 Workplace Based Pay £404 £427 £410 £426£476 £465

19 Employment in Bradford is characterised by: High male and female part-time employment rates Increasing proportion of the workforce working part-time An under-representation of self-employment An over-representation of lower level occupations Lowest gross weekly earnings of all West Yorkshire Districts Unequal distribution of employment


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