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Economic Regeneration

Economic Regeneration. Cothrom April 2013. Introduction. Projects Priorities Single Outcome Agreement Third Sector Survey Micro Enterprises. Projects. Priorities. Single Outcome Agreement.

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Economic Regeneration

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  1. EconomicRegeneration Cothrom April 2013

  2. Introduction • Projects • Priorities • Single Outcome Agreement • Third Sector • Survey • Micro Enterprises

  3. Projects

  4. Priorities

  5. Single Outcome Agreement Local Outcome Agreement 2: The economy of the Outer Hebrides and the economies of the Outer Hebrides are Thriving

  6. Third Sector in Scotland Non-governmental and non-profit making organisations or associations, including charities, voluntary and community groups, co-operative & social enterprises

  7. Third Sector in the Uists

  8. Third Sector Contribution (1) 178 Jobs (99 FTE) 41 full-time 137 part-time Annual Income (2011) Around £3 million Volunteers 70+ groups run entirely by volunteers

  9. Third Sector Contribution (2) • Using a local multiplier value of 1.77, the Third Sector makes an annual contribution to the local economy of: £5.25 million* • *2011 contribution when income figures have not been adjusted for inflation

  10. Third Sector - Survey • 110+ organisations identified • 70 organisations surveyed • 26 Reponses (37.1%) Registered Charities, 65% Other, 35%

  11. Third Sector Survey, cont Since 2007 charities and community groups across Uist have secured more than £2 million in National Lottery Good Causes funding. The funds have been used to fund workshops, purchase equipment, pay for staffing costs, upgrade facilities and carry out feasibility studies.

  12. Third Sector Survey, cont If volunteer hours were paid at national minimum wage (£6.19 per hour) then the wage bill would be more than £2 million per year

  13. Performance during recession

  14. Micro Enterprises 200+ Micro Enterprises Crofting, fishing, accommodation, beauty & hair, music, creative industries, construction, media, transport & logistics, business services, childcare, food and drink… • Survey to look at: • Why people started or took on their businesses • Employment levels • Access to funding • Expectations for local economy • Factors affecting business expansion • Local income and spending

  15. Conclusion • 117 Projects • Priorities – services, jobs, tourism, transport • Projects meet objectives of LOA • Third Sector contributes £5.25 million to local economy • 99 FTE Jobs in Third Sector in the Uists • Strong enterprise culture – 200+ micro enterprises

  16. Thank You Any questions? Gemma Campbell Community Economic Development Team CothromLtd 01878 700910

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