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MID ULSTER ECONOMIC DEVELOPMENT PLAN

BUSINESS WORKSHOP 29 September 2014. MID ULSTER ECONOMIC DEVELOPMENT PLAN. Welcome Address. Mid Ulster Local Economic Development Plan (2014-2016). Keith Wilson RSM McClure Watters Consulting. Agenda. Overview of Mid Ulster Development Plan;

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MID ULSTER ECONOMIC DEVELOPMENT PLAN

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  1. BUSINESS WORKSHOP 29 September 2014 MID ULSTER ECONOMIC DEVELOPMENT PLAN

  2. Welcome Address

  3. Mid Ulster Local Economic Development Plan (2014-2016) Keith Wilson RSM McClure Watters Consulting

  4. Agenda • Overview of Mid Ulster Development Plan; • Socio Economic Profile of Mid Ulster District; • Business Survey; • Sectoral Breakout Session; • Feedback from Sectoral Breakout Sessions; and • Conclusion and Next Steps.

  5. Overview of Mid Ulster Economic Development Plan Process

  6. Terms of Reference • A comprehensive report including an economic baseline for the area which includes an analysis of the local economy and business needs, and an economic forecast of future opportunities; and • A prioritised Action Plan (2014-2016) containing economic/business interventions and key target sectors which is in accordance with local, regional and EU funding directives.

  7. Stage 1 - Research, Data Capture & Consultation

  8. Stage 2: Development of Report and Action Plan • Development of an Economic Vision Statement; • Detailed list of SMART Objectives; and • Action Plan, identifying: • interventions to be delivered directly by the Council; • potential for collaboration/sign-posting of delivery with other partner organisations; and • Opportunities to utilise European/other sources of funding.

  9. Mid UlsterSocio Economic ProfileJonathan WalkerOxford Economics

  10. Total employment 000’S, 2000-2020 Population 000’s, 2000-2020 Future growth more subdued Source: Oxford Economics Source: Oxford Economics Migration 000’s, 2000-2020 Unemployment rate, 2000-2020 Source: Oxford Economics Source: Oxford Economics

  11. Business sector focus Jobs: Performing dominant sectors Tourism (2011/12): Strong tourism potential Business stock:

  12. A “strong” manufacturing base (2013) High value and exportable Challenging conditions Export potential

  13. Manufacturing, construction and agrifood all present, along with strong supply chain linkages Specialisms (employing 250 or more)

  14. Manufacturing grew over recession Construction and agriculture most affected by recession Source: Oxford Economics

  15. 3,000 net jobs forecast by 2020 Construction and agriculture expected to recover, but will not replace all jobs lost Fastest rates of growth in exportable service sectors Source: Oxford Economics

  16. Unemployed better suited to lower value activity? Unemployed by usual occupation Low skills dominate the unemployed Unemployed by sought occupation Mismatch between skills supplied and skills likely to be demanded? Source: Nomis

  17. The young form a sizeable proportion of all unemployed on flows since 2008 • Could lead to disillusionment with returns to education • Could also result in young people leaving to seek employment Youth and long term unemployed The recession has intensified the long term unemployed problem within the council area Source: Nomis

  18. Underperformance - both ends of qualification spectrum Working population: No qualifications Working population: NVQ level 4 + School leavers: 2 or more A levels (A*-E) School leavers: At 5 GCSEs incl. maths and English (A*-E)

  19. Only a few pockets of severe deprivation Employment and Support Allowance (ESA) claimants as a percentage of working population, Northern Ireland, 2014

  20. SWOT

  21. A challenging outlook • Challenging outlook for Mid Ulster and much of NI - unemployment above pre-recession lows • The structure of the local economy limits the pace of future employment growth • So how can we: • capture more job creation? • tackle some pockets of deprivation? • encourage the unemployed to upskill despite a lack of job creation? • hold on to our young people if so many unemployed and more job opportunities elsewhere? • improve general educational attainment?

  22. Survey Results

  23. Q2. How many employees are there in your business at present? Overall

  24. Q5. Have you used any business support programmes in the last five years?Q6. Which of the following business support programmes have you used in the last 5 years?

  25. Q8. Which of the following barriers prevented you from using business support programmes over the last 5 years? Overall

  26. Q9. What do you see as the main challenges facing your business over the next 5 years? Overall

  27. Any Questions

  28. Sectoral Breakout Session

  29. Sectoral Breakout Sessions • Discussion of following two research questions (30 minutes): • What are the emerging opportunities/constraints within your sector? • Are there any opportunities/constraints specific to the Mid Ulster area? • Group Feedback (10 minutes); and • Assisting opportunities / addressing constraints (30 minutes): • What types of support does your business need? • How should finite resources be prioritised?

  30. Feedback from Sectoral Breakout Session

  31. Conclusion and Next StepsAnthony TohillChief Executive, Mid Ulster Council

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