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Glasgow Chamber of Commerce

Glasgow Chamber of Commerce. Breakfast Meeting 5 October 2004. The way we were…. Jobs decline from 382K to 326K 81-93…..56,000 jobs lost Economy shrank by 2% 87-92…while the Scottish economy grew by 1.5% 1990…..54K registered unemployed….17% 1990 ….employment rate was 56%.

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Glasgow Chamber of Commerce

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  1. Glasgow Chamber of Commerce Breakfast Meeting 5 October 2004

  2. The way we were…. • Jobs decline from 382K to 326K 81-93…..56,000 jobs lost • Economy shrank by 2% 87-92…while the Scottish economy grew by 1.5% • 1990…..54K registered unemployed….17% • 1990 ….employment rate was 56%

  3. The Way we were…. • “Glasgow …worse than East Berlin” • “Glasgow patter hides its problems” • “Glasgow’s miles worse – the second class city” • “No vision in the face of urban devastation

  4. Changes……. • 1982 Consultants’ recommendations:- • Restore city centre as Glasgow’s • heart for living and working • * Expand retail sector • * Attract inward investment • * Develop event-led tourism • 1983 Tourist Board established • “Miles Better” campaign launched

  5. Changes ……. • 1985 SECC opened • 1986 Burrell Museum opened • 1988 Garden Festival • 1990 European City of Culture • 1996 Year of Visual Arts

  6. Changes ……. • 1999 UK City of Architecture and Design • 2002 UEFA Champions’ League Final • 2004 New City Events Strategy • 2004 New Glasgow brand launched • 2004 Selected as preferred bidder for Commonwealth Games

  7. Policy frameworks are in place… • Metropolitan Glasgow ‘vision’…completed in May 2003….endorsed by the Executive • Glasgow City Plan…adopted September 03 • Economic Strategy…approved April 2003 ….The agenda for Glasgow has been set….

  8. metropolitan Glasgow…our vision for the Glasgow city region” “Our vision is clear. We want Glasgow to be one of the most dynamic, economically competitive and socially cohesive city regions in Europe”…..

  9. City/Region Partnerships • Clyde Valley Community Planning Partnership • Glasgow Community Planning Partnership • Local Economic Forum • Clyde Gateway • Strategic Partnership Board for the Regeneration of the Clyde

  10. Project Partnerships City Centre Action Plan Tourism Action Plan Welfare To Work Forum IFSD Glasgow Film Office Glasgow North Canal Regeneration Glasgow Harbour local labour Programme Glasgow Works programme Glasgow Business location service

  11. Partnership in Action…..…Riverside Regeneration • £2 Bn investment • Strategic partnership • Key areas of focus • Glasgow harbour • Pacific Quay • SECC Campus • Tradeston • Financial Services District

  12. Partnership in Action… Financial Services District……. • Joint Management Group • Public realm • River crossings/access • Public/private partnership • Marketing/promotion

  13. Partnership in Action… Financial Services District……. • Private Sector • £200 million property • -£50 million Broadband • New electricity supply • £300 million investment • 20,000 jobs over 10 year • Launched 2002

  14. Where now? • GDP forecast to grow at 3.5% per annum 03-06 • Employment to grow by 30,000 by 2006 • ILO unemployment to continue to fall to below 8% • Productivity to grow faster than national average • Unemployment differentials within the city to narrow

  15. As other people see us…. • 2nd best retail centre in the UK (Experian) • Leading investment centre in Britain (DTZ) • 2nd best UK working city (Healey & Baker) • 3rd best location in Europe (Fortune) • 2nd city for corporate investment (WH mercer) • UK’s coolest city (National Geographic)

  16. economic performance has been good…. ………..Glasgow’s contribution to the Scottish economy …. • 12 % of population • 17 % of employment • 16 % of GDP ….. A strong economic performance • The economy grew by 13.6% between 1997-2001 • Employment levels ... grew by 60K between 1996-1991 • Unemployment differential narrowed • Activity rates increased….20,000 more Glaswegians in work …. and forecast to continue… with a growing share of Scotland's jobs and GDP

  17. GDP per capita 2001 (£) 25 Edinburgh 35K 29 Glasgow 32K 34 Bristol 29K 43 Leeds 26K 56 Birmingham 22K 57 Manchester 22K 58 Newcastle 20K 61 Liverpool 16K Source Barclays Bank : 61 European Cities % Employment changes 03-06 Glasgow 3.9 Bristol 3.0 Cardiff 2.4 Leeds 1.8 Nottingham 1.8 Sheffield 3.0 Manchester 1.2 Birmingham 0.6 Source : Experian And is ahead…. of other UK cities….

  18. behind major European cities….but catching up…. GDP per capita Frankfurt 75K Stuttgart 54K Copenhagen 51K Hamburg 43K Dublin 37K Stockholm 36K Glasgow 32K Lyon 29K Source : Parkinson et al 2003 % annual growth 2003-13 Lothian 3.0 Glasgow 2.6 Stockholm 2.3 Hamburg 2.0 Stuttgart 2.0 Source : Experian

  19. Challenges • Halting population decline • Addressing and Improving on Educational Attainment Levels of Glasgow Schoolchdren • Responding to Scottish Water’s - Investing in Water Services 2006-14 (Q +S III) • Improving Employment Rates

  20. Challenges…Population Change

  21. Challenges……Percentage of school leavers entering designated categories

  22. Economic Activity Rates Glasgow’s economic activity rate has grown by 9% since 1990, but remains 10% below the Scottish rate.

  23. Challenges - Scottish Water “Investing in Water Services 2006-14”(Q +S III) Investment required nationally for QSIII £6.5B but the engineering industry can only deliver up to £500m per annum • 83% of City’s housing land supply may be constrained • 45% of industrial land may be constrained • Glasgow’s East End alone requires £120m for flooding solutions, water quality and development constraints. • Estimated total for Glasgow is £320m (approx one third of National total) Multi-agency solutions will be required

  24. Delivering For Glasgow

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