health and well being board economic update david moore head of regeneration cmbc 26 th july 2011
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Health and Well-being Board Economic Update David Moore Head of Regeneration, CMBC 26 th July 2011. Agenda. Introduction to Calderdale’s Economy Economic update Impact of recession/ “Economic Resilience” Local Economic Assessment Council’s response Economy and Enterprise Strategy

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agenda
Agenda
  • Introduction to Calderdale’s Economy
  • Economic update
    • Impact of recession/ “Economic Resilience”
    • Local Economic Assessment
  • Council’s response
    • Economy and Enterprise Strategy
    • Economic Task Force
local economic assessment swot 1 of 2
Local Economic Assessment – SWOT (1 of 2)

Strengths

Weaknesses

• Manufacturing output decline and employment.

• Vulnerability of finance sector.

• Reliance on several large employers

• Topography / geography for development /

infrastructure.

• High levels commuting out – ‘commuter town’ risk.

• No higher education institution presence – in

terms of student spend, vibrancy etc

• Deprivation – gap between rich and poor

• Unemployment levels

• Absence of locally available employment land.

• Significant retail spend leakage

Poor rail connections and roads at capacity

• Congestion may constrain economic growth–

although not as much as in Leeds/Manc’r or London

• Business survival rates

• Manufacturing and finance sectors

• Tourism and CDI – growth potential.

• Affordable housing.

• Prosperous areas, desirable locations to live.

• Low public sector dependence.

• Direct rail link to London and Access to major transport hubs

• Strategic position between 2 major city regions

• Access to in excess of 5m people within an hour’s drive of Leeds and Manchester.

• Connections – extra capacity on the Caldervale line

• Good bus networks – deprived areas are well

connected

• 70% of the district is rural

• High GVA and business start ups

• Excellent schools and attainment levels

• Access to 7 universities within an hour’s travel

• FE degree offer from Calderdale College 

local economic assessment swot 2 of 2
Local Economic Assessment – SWOT (2 of 2)

Opportunities

Threats

•Manufacturing decline

• Finance; reliance on one large employer.

• Leeds City Region retail developments.

• Transport congestion.

• High unemployment.

• Capacity for tourism

• Cost of up skilling employees

• Access to finance to fund opportunities.

• Public sector cuts; impact on jobs and the

private sector supply chain

• Finance sector developing cluster.

• Advanced manufacturing.

• Creative Digital sector- high growth.

• Diversify the business base.

• Encourage further enterprise.

• Improve mentoring/support for Businesses

• Environment, landscape and tourism.

• Media City – Salford.

• Strategic position between 2 major city regions and access to 7 universities

• Improved connectivity to Leeds and Manchester

• Up-skilling of residents.

• Develop retail offer – growth of jobs.

• Harness spend in Calderdale instead of Leeds/Manc’r

• Reduce unemployment.

• Reduce transport congestion.

• Electrification of Caldervale line and links to East Lancs

• Integrate bus and rail offer.

• Links with LCR Green Infrastructure Strategy.

council s response 2 economic task force
Council’s response 2; Economic Task Force
  • Cross party Member group to respond to economic recession: £2.1m allocated to over 40 projects to date
  • Encourage enterprise and diversification
    • Enterprise support (including social enterprise)
    • Sector focus – Manufacturing and Finance, as well as growth sectors (Creative, Tourism, “Green”)
    • Support for new and existing business networks
  • Tackle unemployment;
    • Apprenticeships, Future Jobs Fund (now Workchoice, Work Programme), provide support to help people into employment
  • Improve skills and Innovation
    • EU funded project to provide access to University research, graduates, support for local Supply Chains
council s response 3 support physical regeneration
Council’s response;3. Support Physical Regeneration
  • Halifax
    • The Shay
    • Broad Street
    • Piece Hall
  • Sowerby Bridge
  • Elland
  • Upper Calder Valley
    • Hebden Bridge
    • Todmorden
  • Encourage Investment
    • Increase profile
    • Work with City Region
summary
Summary
  • Economic situation being closely monitored
  • Response to Economic recession
  • Adapting to new ways of working
    • City Region, not Regional focus
    • Less funding
    • More working with partners (including private and voluntary sectors)
  • Initial successes
    • But... more investment needed
    • Continue focus on employment, enterprise, diversification, skills, innovation and physical regeneration
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