Regional Profile Daventry & Northamptonshire. Cordant People Be Integral

Transcription

1 Regional Profile Daventry & Cordant People Be Integral

2 Overview Economy Workforce Skills Summary

3 Overview History of was originally included in the Diocese of Lincoln. The archdeaconry of Northampton is mentioned in the 12th century, and in 1291 included the deaneries of Peterborough, Brackley, Oundle, Higham, Daventry, Preston, Weldon, Rothwell and Haddon. Northampton was a favourite meeting-place of the councils and parliaments of the Norman and Plantagenet kings. In 1215 King John was besieged in Northampton Castle by the barons, and in 1264, Henry III captured the castle from the younger Simon de Montfort. During the Wars of the Roses, Henry VI was defeated at Northampton in The Diocese of Peterborough was created in In the Civil War of the 17th century, the county declared almost unanimously for the parliament. Although a royalist garrison was placed at Towcester by Prince Rupert in 1644, it was almost immediately withdrawn. Northampton holds a place scarcely inferior to any other English county. Maisna/Shutterstock.com

4 Overview today has a mixture of urban and rural areas; most of the population is concentrated in a central north to south area which includes some of the largest towns, including Northampton and Kettering. In 2011 joined the European Smart Specialisation Platform as a means of participating in high quality research projects to inform strategy formation and policy making with other core European regions. Population already has one of the fastest rates of population growth in the UK and this is forecast to continue, driven by an influx of younger people and higher birth rates. Strong population growth has helped support the labour market of - the main driver of this has been high net migration. is at the centre of the UK s unique High Performance Technologies cluster. Recognised as having global importance, HPT in the county comprises around 1,500 companies (85% SME), employing 21,000 people and generating over 2bn in turnover. has a large private sector and is much less reliant on the public sector for employment than many other sub-regions in the UK. The Government has pledged that super-fast broadband will be available to every home in the UK by Through the Superfast project, aims to be the first area in England with full Next Generation Access by 2017 three years ahead of European targets.

5 Overview Key facts Land Area: Sq Km Population: 701,000 (2013) Population increase from 2001: 9.9% Total Population 2026 Projection: 877,800 Average Age: 39 Households: 287,730 Household increase from 2001: 11.1% Northampton is twinned with: Transport Connectivity Northampton has excellent connections to the rest of the country via its road, rail and air networks. Northampton has 3 junctions onto the M1 as well as providing easy motorway links to the M6 and M25. East and Kettering s prime location on the A14 makes it within easy reach of the A1, M1 and M6. It is also only 15 minutes from the Eurohub rail and has direct links to east coast ports. A regular main line rail service links Wellingborough to London (St Pancras International station) in just 50 minutes. Environment of The county is home to a number of natural assets: Rockingham Forest, Salcey Forest, River Nene Rockingham Forest is one of five climate change pilots to support the UK Low Carbon transition Plan. Projects such as Electric Corby, Daventry University Technical College and the Eco Park at Kettering offer a great opportunity to develop the low carbon sector within the county. Poitiers, Vienne France Marburg,Hessen Germany The Rockingham Forest in the north of the county has been selected by Defra as one of only five climate change projects nationally to support the UK Low Carbon Transition Plan and the government s Carbon Plan to pilot a Carbon Sink Forestry Project (Rockingham Forest- Forest for Life).

6 Economy of Snapshot of s economy In terms of sector structure, has high concentrations of employment in manufacturing, transport, and business administration. Key facts: Northampton is home to about one third of all jobs in the county. There are 25,290 workplaces with more than 25,000 establishments having fewer than 10 employees. The economy recorded 320,000 jobs in The impact of the recession from saw a loss of 11,900 jobs since These job losses were largely in administration and support services (-4,800 jobs), wholesale & retail (-4,000) and manufacturing (-3,100) with growth occurring in professional and technical services (+2,800), other services (+2,300) and transport and logistics (+1,700). Forecasts suggest employment has the capacity to increase by about 3,600 jobs each year, or 25,200 jobs over the next five years to 2020.

7 Mitch Gunn / Shutterstock.com Economy of Key sectors The county has a competitive distribution and logistics sector (as a proportion of total employment, twice as many people are employed in the sector than in England overall). Another of s strengths is the private sector orientation of its economy, with a lower than average dependence on the public sector employment in the county. There is an opportunity to improve the sectoral balance of the economy and attract business from high value added sectors as manufacturing employment is forecast to decline. has a relatively high working age population and lower 65+ population than the East Midlands or England; it well placed to take advantage of employment growth opportunities. The region can boast world recognised brand names in the county, including Carlsberg, Weetabix, and Barclaycard. Furthermore, the county benefits from a world renowned cluster of key assets such as Silverstone, and 1,000 companies in the HPT sector - the county benefits from a world renowned cluster of key assets such as Silverstone. The county s large private sector means that elements of the workforce are potentially less exposed to cuts to the public sector. Northampton Waterside Enterprise Zone offers a unique opportunity to reshape provision of employment opportunities and support investment and jobs growth. Wage growth in the period exceeded both England and the East Midlands. has relatively low deprivation levels South is the 4th least deprived local authority in England. Northampton is the dominant commercial centre in.

8 Economy of Key statistics: Total GVA: 14,979 billion Economic activity rate: 82.5% Annual Population Survey, (March 2013) Average weekly earnings: Average house price: 182,179 House price forecast: Prices in the county are forecast to rise 85% to 337,070 by 2030 Business births: 2,895 (6.5 per 1,000 population) ONS Business Demography, 2011 Business survival rates: * 1 year: 97.0% * 2 years: 82.3% * 3 years: 68.5% * 4 years: 54.6% * 5 years: 46.0% Business Start-up Rate One of s key strengths is its active business environment. This is underpinned by a business-support focused LEP, with public and private sector backing. In 2011, there were almost twice as many businesses per 1,000 people in (61.1) as in the East Midlands (34.2) and England (38.4).The vast majority of companies in are small SMEs, with more than three quarters of the enterprises in the area employing fewer than five people. Indeed there are only 95 employers in the county with more than 250 employees, just 0.4% of s 25,285 VAT and/or PAYE based enterprises.

9 Economy of Labour market: key points More than 320,000 people are employed in, and at 82.5%, the economic activity is higher than that of the East Midlands, England (both 77.5%), and all of the comparator LEPs. The county has a resident-based employment rate of 76.5%, again, higher than the corresponding national (71.3%) and regional (71.2%) averages. A relatively high proportion of employees are in full time work. Just 28.9% work part time, lower than both the East Midlands and England average (both 32.4%), and below that in the comparator LEPs. Males in the county are significantly more likely than females to work full-time, with 89.6% of males in the county working full-time compared to 58.3% of females. This is in line with the national average. There are high rates of self-employment in the county. This increase in employment will be met by a growing population, driven roughly equally by natural growth in the existing population and net in-migration to the area. Forecasts suggest employment in will rise by 59,000 jobs by 2030.

10 Economy of Employment statistics for s towns Northampton Northampton has a total population of 214,600, equating to 31% of the total population of. The age-group split does not vary greatly between districts in : the areas with the greatest proportion of population within the working age group are Northampton and Corby. Corby There are 41,000 people in Corby of working age. The majority of those are employed or in self-employment. With the County, Corby has the 2nd lowest proportion of residents classed as inactive. Daventry East 54,600 of people in East are of working age. East has a total population of 87,400, equating to 12% of the total population of. Kettering Kettering has a total population of 94,800, equating to 14% of the total population of working age population of 59, ,500 people in Daventry are of working age. Within the County, it has the 2nd highest proportion of self-employed residents. Daventry also has the 2nd highest proportion of residents classed as inactive.

11 Economy of Unemployment In the last year, unemployment has remained steady or reduced across. As a result, it is more difficult to recruit staff and there is competition for labour due to a low number of unfilled vacancies per claimant. All areas in have shown a drop in unemployment - the largest decreases are in Wellingborough, Northampton, Daventry and Corby. Drawbacks of employment in the county Jobs are not distributed evenly across. Northampton has 141,000 jobs for a working age population of 140,851 (a job density of 1) whilst East has 32,000 for a working age population of 54,971 (a job density of 0.58). residents are less likely to be employed in managerial and professional occupations (SOC 2010 Major Groups 1-3) than the national average. Specifically, 37.8% of residents were employed in these occupations compared with 41.1% nationally. However, this is slightly above the average for the East Midlands of 37.1%. Conversely, residents are more likely to be employed in elementary and operational occupations (SOC 2010 Major Groups 8-9); 22.1% compared to 18.3% nationally. The occupation of residents in varies considerably between the seven districts. Corby has a remarkably high proportion of workers employed in elementary and operational occupations (SOC Major Groups 8-9) (37.3%) whilst South has a higher than average proportion of workers employed in managerial and professional occupations (SOC Major Groups 1-3) (46.3%).

12 Economy of Major industries Logistics & distribution is the heart of Europe s largest concentration of logistics and distributions operations. The Golden Triangle, has a significant concentration of skills and knowledge in the freight and logistics sectors existing in the area. Overall, 7.0% of employees in work in the logistics sector compared to 4.2% in the East Midlands and 3.4% in England. By district, it is an especially large employer in Daventry (14.3%) and Corby (10.8%). This is due to the presence of the Daventry International Rail Freight Terminal (DIRFT) a large freight and warehousing facility near the village of Crick. High Performance Technologies The HPT sector in is best known for its association with motorsport and Formula One, with two teams based in the county, as well as the Silverstone racing circuit, the home of the British Grand Prix. and the surrounding areas are a well-established location for high performance technology and companies in the supply chain. Motorsport related business include suppliers such as Cosworth in Northampton, the Mercedes AMG Petronas race team in Brackley, and the Sahara Force India team at Silverstone. However, engineering expertise in the county can be found across a range of industries, including defence, aerospace, composites and renewable energy..

13 Economy of Major industries Food and Drink The Food and Drink sector in is also a significant employer (46,000 jobs). A number of large companies including Weetabix, Carlsberg UK, Whitworths, British Pepper and Spice & Alpro are based in the county. (Also barley is a major revenue stream, with 16% of the UK s brewing capacity based in the county, making it one of the country s most active areas in the brewing industry.) Furthermore, the county is responsible for 10% of the UK s total wheat storage, milling and processing capacity. One of the main drivers of growth of the sector is the county s central geographic location and ease of access to UK and international markets. This allows producers to reach their customers quickly, and reduces transportation costs. The sector is worth 1.5billion to the economy.

14 Workforce skills Companies reporting difficulties to find skilled staff A skilled workforce helps economies exploit new opportunities in high value-added sectors; encourages greater investment (including inward investment) and innovation; and, ultimately supports economic growth and higher productivity. Confidence remained high amongst businesses in in the second quarter of 2014, however, manufacturers experienced difficulties in finding skilled staff. Within the service sector 95% expect profitability to improve or remain the same over the coming year. More companies had attempted to recruit new employees in Q2 with 58% of respondents trying to hire new staff (up from 50% on Q1), 95% of manufacturing (up from 92%) and 70% of service (up from 66%) opportunities were for full-time jobs. Companies had reported difficulties in trying to find appropriate employees in particular the challenges related to sourcing skilled manual/technical staff. The manufacturer industry has long cited issues with finding skilled staff to fulfil positions. The government must work more with leading companies as well as colleges and universities to inspire young people into industries with a skill shortage so that UK can continue to compete globally. Furthermore, there are over 1,000 companies that make up the High Performance Technologies Network (HPT) in and they play a crucial part in the economic growth of the region; therefore developing engineers with the necessary skills and knowledge required for future development and growth of the HPT industry in is crucial..

15 Workforce skills Need to attract higher value added jobs Whilst employment levels are high in, the calibre of it is relatively low. Comparator LEPs such as Swindon & Wiltshire and Gloucestershire have a higher concentration of employment in the higher value added information & communication, and professional, scientific and technical sectors. Therefore efforts must be made to address the local economy s sector structure and attract higher value added jobs in sectors such as professional, scientific & technical services, information and communications and financial and insurance activities especially given that the contraction in manufacturing employment is set to continue. Skills profile. No qualifications 8.6% NVQ % NVQ % NVQ % NVQ %

16 Workforce Skills Labour market strengths Lower unemployment rate than the East Midlands or England High concentration of employment and skills in the distribution/logistics sector partly due to s geographic location Competitive labour costs in comparison with the East Midlands and England and key competitor areas Heavily private sector oriented economy means the county is relatively well placed to absorb the impact of public sector cuts Labour market weaknesses Percentage of employees that are in higher level occupations is low (39%) below the regional and national average Whilst employment levels are high, comparator LEPs such as Swindon & Wiltshire and Gloucestershire have a higher concentration of employment in high value added sectors Poor skills profile, with the percentage of population with NVQ4 or higher (27.5%) below the regional and national average has a fairly poor ranking in terms of NVQ level 4 skills. Proportion of claimants that are is above the regional and national average Reliance on manufacturing for employment but the sector is forecast to lose around 4,000 more jobs over the next decade. Percentage of pupils that achieved 5 GCSEs at grades A*- C was is below the regional and national average Percentage of year olds claiming JSA for more than a year (16.4%) lower than East Midlands or England Close proximity to world class universities including Cambridge and Oxford The percentage of people with NVQ level 4 qualifications in England and the East Midlands increased (+4.4 and +2.6 percentage points) but in over the same time period, the percentage fell by 0.1 percentage points. A highly skilled supply of labour is often a key determinant for companies considering investing in an area, so if is to attract investment in high value added sectors and address support for existing companies, the skills gap must be addressed.

17 Workforce Skills University of Northampton The University of Northampton is the only university in the county and is a medium-sized University with over 12,000 students based on two Northampton-based campuses. The most common occupations for leavers to be employed in were teaching and research professionals (14.1%), health and social welfare professionals (11.3%) and administrative occupations (8.5%) Following graduation: Full time paid work 57.4% Work & further study 14.5% Part time paid work 19.8% Undertook further study 8.9% Assumed to be unemployed 6.1% Not available for employment 2.2% Assumed to be unemployed 1.5% Vacancies are an indication of the match between skills and available jobs. Job- Centre notified vacancies by occupation in in November 2013 were largest in: Transport and mobile machine drivers and operatives Elementary trades, plant and storage related occupations; and Business and public service professionals.

18 Summary Competing cities s location puts it in competition with surrounding areas such as; Milton Keynes, Luton, Coventry and Birmingham and for the county to compete with these surrounding areas, it is essential that there is suitable infrastructure and employment land to provide premises for new, existing and expanding businesses. The availability of high quality space is vital in ensuring the county can compete with its neighbouring areas. s economic growth will be based on the strength of its business community. already has one of the fastest rates of population growth in the UK and this is forecast to continue, driven by an influx of younger people and higher birth rates. Tackling skill shortages Labour shortages occur in an occupation when the number of new job openings, available as a result of retirement or an increased demand for people with the skills to fill these positions, is higher than the number of new job seekers. Addressing skills shortages is now crucial because too often, applicants for available jobs do not have the necessary skill requirements, meaning jobs go unfilled, projects are not started, and a region s economy consequently suffers. Thus every company, county and country is now in competition to attract the most talented and skilled employees.

19 Summary Why is workforce planning important? Workforce planning is a continuous process of shaping the workforce to ensure that it is capable of delivering organisational objectives now and in the future; thus every city and county needs a strong and proficient workforce to enable it to prosper and to actively compete in today s increasingly competitive global market. Workforce planning enables a city to improve efficiency, effectiveness and productivity by having employees with the right knowledge and skills and who are a good fit for the job they are in, which in turn strengthens an organisation s capacity to achieve business targets.

20 Summary Advantages of recruiting young people Young people often have an abundance of energy and a natural thirst for knowledge, which can rub off on colleagues and help invigorate the workplace. As a recruitment agency we witness how young people tend to push themselves, wanting to make a lasting impression and prove what they can do. Their sheer determination to complete their work can inspire colleagues around them. Therefore, if a company puts sufficient time and thought into recruiting young people, it can subsequently provide a very positive return on investment. There are clear business benefits to employing young people It is crucial for the wellbeing of young people that businesses throughout Worcestershire take real ownership for skills development and good job creation because it is by local employers accepting responsibility that the whole community will achieve a positive impact and sustainable employment. Fresh ideas It is also important to remember that any young person could be the next Bill Gates or Mark Zuckerberg. In addition, although they lack experience, new young people are generally easier to train, due to being driven and eager to excel.

21 Summary Cordant s objective At Cordant People we understand that every organisation needs a constant supply of candidates with the necessary skills because this is the foundation of business success and we appreciate that it is the educational policies, not economic conditions, which is the essential element of confronting our present global talent mismatch. If we consider the adopted training method of a professional athlete, he/she will cultivate speed and focus in order to deliver in the short term but will sustain flexibility and long-term stamina for the long-run. It is therefore imperative that representatives of companies throughout the county, together with colleges and the University of Northampton, should strategically consider methods of attracting students into their industry by creating incentive and lucrative offers to influence an increased steady input of talented individuals to sustain, develop and secure the future economy of.

22 Summary Cordant s objective (continued) Cordant People constantly endeavour to develop and nurture relationships which they have with all their candidates on their database, as well as continually seeking and engaging with new candidates to attract fresh talent. At Cordant People we recognise, completely, that the long-term economic health of towns and cities rests on investment in citizens skills and professional qualifications. Also as a recruitment agency we acknowledge our responsibility that we must always be at the forefront of industry knowledge. It is our objective to help and assist all companies in to recruit and employ successful candidates in order that they may fulfil business targets and compete in today s increasingly competitive global markets.

23 Cordant People Supporting local businesses with their employment needs. Be Integral