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BUSINESS WORKSHOP 2 October 2014. MID ULSTER ECONOMIC DEVELOPMENT PLAN. Welcome Address Councillor Cáthal Mallaghan Presiding Councillor (Chair) Mid Ulster Council. Mid Ulster Local Economic Development Plan (2014-2016). Declan Mackin RSM McClure Watters Consulting. Agenda.
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BUSINESS WORKSHOP 2 October 2014 MID ULSTER ECONOMIC DEVELOPMENT PLAN
Welcome AddressCouncillor Cáthal Mallaghan Presiding Councillor (Chair) Mid Ulster Council
Mid Ulster Local Economic Development Plan (2014-2016) Declan Mackin RSM McClure Watters Consulting
Agenda • Overview of Mid Ulster Economic Development Plan; • Socio Economic Profile of Mid Ulster District; • Business Survey; • Sectoral Breakout Session; • Feedback from Sectoral Breakout Sessions; and • Conclusion and Next Steps.
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.
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.
Population and Employment • The population of Mid Ulster will continue to grow at a faster rate than Northern Ireland as a whole (3.5% as opposed to 2.6% growth for Northern Ireland by 2020); • Total employment in Mid Ulster has reached the pre-recession level following substantial growth in 2013.From 2014 onwards employment growth will level off; • Unemployment in Mid Ulster will continue to be below the Northern Ireland average; and • In-migration will continue to decline, but will be above the Northern Ireland average.
A “strong” manufacturing base (2013) High value and exportable Challenging conditions Export potential
Business sector focus Jobs: Dominant sectors Tourism (2011/12): Strong tourism potential Business stock:
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
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?
Q2. How many employees are there in your business at present? Overall
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?
Q8. Which of the following barriers prevented you from using business support programmes over the last 5 years? Overall
Q9. What do you see as the main challenges facing your business over the next 5 years? Overall
Sectoral Breakout Session • 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? • Assisting opportunities / addressing constraints (30 minutes): • What types of support does your business need? • How should finite resources be prioritised? • Group Discussion (10 minutes)
