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Impact of the recession on Carlisle

Impact of the recession on Carlisle. Carlisle Partnership Monday June 15 th 2009. The impact of the recession on Carlisle. The predictions How Carlisle is fairing compared to elsewhere in Cumbria What are the specific impacts on Carlisle?

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Impact of the recession on Carlisle

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  1. Impact of the recession on Carlisle Carlisle Partnership Monday June 15th 2009

  2. The impact of the recession on Carlisle • The predictions • How Carlisle is fairing compared to elsewhere in Cumbria • What are the specific impacts on Carlisle? • Helping businesses and people deal with the recession • Any green shoots?

  3. The predictions(Oxford Economics: July 2008)

  4. How Carlisle is fairing compared to elsewhere in Cumbria • The claimant count for Cumbria actually fell by 110 between March and April 2009 to 8,086 • The count fell in all districts except Carlisle (+70) and Eden (+8) • Carlisle now has the highest number of unemployed (2,225) and the highest % of unemployed (3.5%) • Ratio of claimants to vacancies varies significantly between districts from Carlisle (13.40) and Copeland (11.05) to South Lakeland (1.98) and Eden (1.94)

  5. Commercial Delphi Risk Score Summary April 2009 All business are Trading. Data as at 19th April 2009

  6. Risk Position – Carlisle All business are Trading. Data as at 19th May 2009

  7. Specific impacts • Retail closures as a result of national chains ceasing to trade • Redundancies in the manufacturing sector • Delays in implementation of capital projects (e.g. CNDR) • Stagnation in housing construction

  8. Help for businesses and people • Work with Business Link North West www.businesslink.gov.uk/northwest • Non bank finance - Cumbria Asset Reinvestment Trust • Redundancy/ worklessness support • Business Start Up support • Support for tenants • Paying local suppliers with 10 days

  9. Any green shoots? • Anecdotal evidence only • Business growth through acquisition and diversification • More confidence amongst local house builders • Some Inward investment • Business Enquiry Service / Carlisle Enterprise Centre

  10. Business Enquiry Service 2008 - 2009 First two weeks of June 09 – 18 enquiries June 08 – May 09 = 352 Last year June 07 – May 08 = 454

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