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What does the Borough of Poole do for local businesses?

What does the Borough of Poole do for local businesses?. Duncan Kerr– Economic Development Officer, Borough of Poole. Contents. Background to Poole Top 5 Sectors Top 10 Companies Key Issues Council Support For Business Influence, Advocacy, Delivery Key Initiatives Outcomes Expected

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What does the Borough of Poole do for local businesses?

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  1. What does the Borough of Poole do for local businesses? Duncan Kerr– Economic Development Officer, Borough of Poole

  2. Contents • Background to Poole • Top 5 Sectors • Top 10 Companies • Key Issues • Council Support For Business • Influence, Advocacy, Delivery • Key Initiatives • Outcomes Expected • Educational Information

  3. Background to Poole • Population – 138,800 (Male: 66,800 Female: 72,000) • Average Income – £25,324 (UK - £25,931) • Unemployed – 3% (UK – 4.1%) • Average house price - £201,321 (UK - £161,783) • Housing affordability – 8.2 (UK – 6.4)

  4. Top 5 Sectors • Advanced engineering (10,799) • Health and social work (10,739) • Retail (7,797) • Education (6,734) • Hotels and restaurants (3,945) • Approximately two thirds of work force are employed in these sectors

  5. Top 10 Companies • Sunseeker (luxury yacht manufacturer) • Barclays (financial services) • LV= (investment and general insurance) • Care South (provision of care services) • Siemens (advanced engineering and systems) • Kerry Foods (food packaging and distribution) • RNLI (national head quarters for UK lifeboat service) • Adecco (recruitment) • Lush (perfume and cosmetics) • Mploy (recruitment)

  6. Key Issues • Skills shortage • Ageing population • “Brain drain” • Cost of housing • Quality of environment • Current economic climate • Central / local government efficiencies

  7. Council Support for Business • Three key roles • Influence • Advocacy • Delivery

  8. Influence • Key government departments • Regional Integrated Strategy (spatial, economic and skills) • Multi-Area Agreement • Development (Local Planning Authority) • Education (universities, colleges) • Businesses (inc Chamber, FSB)

  9. Advocacy • Publicly-funded Business Support (BL, UKT&I) • Business Engagement: direct visits and ongoing liaison • Employment & Skills Board: employer’s voice into the Regional Skills Strategy • Spreading the Good Message (Business Brief; Top of the Shops; Dorset Business Awards)

  10. Delivery • Regeneration: Twin Sail Bridge catalyst to £100bn investment • Releasing 19 ha of employment land • Delivering 10,000 homes • Inward Investment: developers and business relocations • Skills Development: from mentoring to Future Jobs Fund • Promoting ‘Low Carbon Business’

  11. Key Initiatives • Multi Area Agreement – Bournemouth, Dorset and Poole • Green Knowledge Economy: Green Energy, Green Building, Green Transport, Resource Management • Local Investment Framework • Employment and skills board • Regeneration: Twin Sails, Town Centre North, £1bn inward investment

  12. Outcomes Expected • 10,000 new homes by 2026 • 40% affordable, 75% 1 and 2 bedroom flats • 13,920 new jobs by 2026 • Improved infrastructure (Twin Sails Bridge) • Reduced carbon output • Improved salaries • Britain’s “Sunbelt City”

  13. Educational Information • Bournemouth University (17,000+ students – 67% of students are full time) • Arts University and Bournemouth and Poole College • 8 secondary schools • Significant changes to funding structure (SfA) • NVQ 4+ - 25.3% (UK – 29%) • Businesses working with local schools • Future Jobs Fund / Apprenticeships • Employment and Skills Board • NEET in line with national average

  14. Thank YouAny questions? Duncan Kerr– Tel: +44 (0) 1202 633301 Email: duncan.kerr@poole.gov.uk

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