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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? 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 • Educational Information
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)
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
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)
Key Issues • Skills shortage • Ageing population • “Brain drain” • Cost of housing • Quality of environment • Current economic climate • Central / local government efficiencies
Council Support for Business • Three key roles • Influence • Advocacy • Delivery
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)
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)
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’
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
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”
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
Thank YouAny questions? Duncan Kerr– Tel: +44 (0) 1202 633301 Email: duncan.kerr@poole.gov.uk