Regional Profile Harrogate & Yorkshire

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1 Cordant People Be Integral Regional Profile & Yorkshire Albert Pego / Shutterstock.com

2 Overview Economy of What Can Offer? Summary

3 Overview as a location The district is part of the County of North Yorkshire. The district is one of the largest shire districts in England at 1305 sq km (505 sq miles) and it boasts 52 Conservation Areas with numerous listed buildings. district is one of the UK s most beautiful destinations; it is situated on the edge of the Yorkshire Dales, with the Vale of York to the east and the upland Yorkshire Dales to the west and north-west. is 13 miles to Leeds, 16 miles to Bradford, 43 miles to Sheffield, 43 miles to Manchester and 51 miles to Kingston upon Hull. The most common non-english first languages spoken in the region are: Polish (1,340) Chinese languages other than Cantonese and Mandarin (391) Hungarian (273) Tagalog/Filipino (233) and Russian (232) (Census 2011). is twinned with Bagnères-de-Luchon, France Since 1952 Barrie, Canada Since 2013, Tennessee, USA Wellington, New Zealand Overview Economy of What Can Offer? Summary

4 Overview History of The name can be found as far back as 1332 according to surviving documentary evidence. was a quiet hamlet until the late 16th century when a man named William Slingsby drank from a well. He had travelled to several spas and he realised the well water tasted like spa water and by 1700 was well established as a Spa town and doctors had produced leaflets about the qualities of the waters. During the Second World War various hotels were acquisitioned by Government Departments and many ministerial departments were evacuated to. In The International Conference Centre was opened and in The Eurovision Song Contest was held in. today The district is successful as a business location, because of its attractive built and natural environment and its highly skilled workforce. There are almost 50,000 people in educated to NVQ4 level and above. Population - 158,600 people live in the district; 74,000 of those live in the main urban settlement of town. International Centre hosts around 150 events per year and attracts in excess of 290,000 visitors each year, and is consistently acknowledged to be one of the UK s top event venues. Overview Economy of What Can Offer? Summary

5 Economy of Summary of Yorkshire economy The Yorkshire economy is showing clear signs of recovery and is now gathering real momentum. Different regions have distinct economic profiles, strengths and weaknesses and Yorkshire and the Humber is taking impressive strides to modernise its industrial base and build a knowledge economy. The aim is to produce a more dynamic environment in which greater numbers of businesses start up and survive. Through this, more jobs can be created, ensuring that a healthy economy spreads prosperity to all its citizens. The region s towns, cities and rural communities are changing rapidly to meet the challenges ahead. The challenge is to establish more companies where competitive edge is based on knowledge, creativity and skills, producing high value added products and services. The region s universities are a major asset which must be built upon to enable its companies and people to compete effectively in today s knowledge economy. Overview Economy of What Can Offer? Summary

6 Economy of Business profile has a vibrant and varied local economy with the visitor and service industries a particular strength, as well as public administration and the financial sector providing a large percentage of the overall employment mix. The conference and exhibition industry is the focus of the town s business, with International Centre the third largest fully integrated conference and exhibition centre in the UK, and one of the largest in Europe. It brings in over 150 million to the local economy every year. The district has always enjoyed higher than average levels of entrepreneurship and business start-ups. There is also a high level of self-employment, 13.8% compared to 9.5% across the UK. There are over 9,000 businesses in the district employing more than 72,000 people. The success of these existing businesses is important to the future success of the district economy. The Tourism sector, both leisure and business, is extremely important to the local economy. Overview Economy of What Can Offer? Summary

7 Economy of Employment key facts There are 97,300 residents of working age, 81% of these people are in employment. 17.8% of the working-age population are economically inactive; below both the Yorkshire and Humber (23.2%) and national average (22.6%). 39% of residents, aged years, are educated to degree level or higher. 74% of school leavers achieve 5 or more GCSE s at grade C and above. 49.6% of employed residents are in higher-level occupations; above both the Yorkshire and Humber (39.9%) and national average (44.1%). Average full-time weekly earnings by residents are 504; higher than the Yorkshire and Humber average ( 479) but less than the national average ( 518). However, average full-time weekly earnings by workplace in the district are 460; lower than both the Yorkshire and Humber average ( 479) and UK average ( 518). Overview Economy of What Can Offer? Summary

8 Economy of Employment key facts Around 855 businesses are started each year. The GVA level for the district is an estimated 2.6 billion. 41.5% (30,400) of employee jobs are part-time; higher than both the Yorkshire and Humber (33.5%) and UK average (32.8%). 86% of businesses have between 1 9 employees. Only 0.3% of businesses employ over 250+ staff, but account for over 21% of jobs in the district. 89.2% of jobs are in the Services sector. This is higher than both the Yorkshire and Humber (82.2%) and UK average (85.5%). Manufacturing accounts for 6.2% of employment (c. 4,600 jobs). This is lower than both the Yorkshire and Humber (11.7%) and UK average (8.7%). Overview Economy of What Can Offer? Summary

9 Economy of Unemployment Job Seekers Allowance claimant rate reduced from 1.3% to 0.7% - the lowest since records began. has the lowest rate of any North Yorkshire district and below the county (1.2%) and regional (3.2%) averages. Yorkshire & UK (Numbers) (%) the Humber (%) (%) All people Economically active 81, In employment 79, Employees 66, Self employed 11, Unemployed 2, Overview Economy of What Can Offer? Summary

10 Economy of Employment statistics Employment by occupation (2014) (Numbers) 1 Managers, directors and senior officials 15,600 2 Professional occupations 18,600 3 Associate professional & technical 8,000 4 Administrative & secretarial 10,600 5 Skilled trades occupations 6,800 6 Caring, leisure and other service occupations 5,600 7 Sales and customer service occs 7,500 8 Elementary occupations 3,600 Property in is prosperous and has some of the highest property prices in England, with many properties in the town and surrounding villages valued at 1 million or more. Housing types: 32% of houses are detached (23% nationally). Average house prices in the district ( 259,000) are higher than those for the UK ( 242,000) and North Yorkshire ( 212,589). Industrial land values range between 325, ,000 per hectare (approximate average of 450,000 for the district) compared to regional price of 300, ,000 (average 435,000). Overview Economy of What Can Offer? Summary

11 What Can Offer? s strong points include: Quality and natural environment Positive perception as district is a desirable place to live, work and visit New exhibition halls at International Centre and conference town Leisure tourism / visitor offer Variety of cultural venues, events and facilities Higher than average proportion of resident workforce with higher level skills (Level 4 -degree and above) Diversity of economic base makes the local economy more resilient Strong partnership working relationships Proximity to the city of Leeds (as a driver for employment) A strong and established business community Overview Economy of What Can Offer? Summary

12 What Can Offer? Skills support for the workforce 500,000 boost for the economy to up-skill their staff College has secured a contract for over 500,000 to deliver the Skills Support for the Workforce (SSW) project. The project is funded by the European Social Fund (ESF) and will deliver fully funded workplace learning courses across North and West Yorkshire and the East Riding. Training will meet individual, employer and regional needs by up skilling the workforce. College has announced exciting plans for a multi-million pound campus development following funds committed by the York and North Yorkshire Local Enterprise Partnership (LEP). The investment of will deliver up to 1,245 additional learners and 275 additional apprentices. People are generally very well qualified in with 34% of people over 16 holding a qualification above A-Level - the highest figure of all North Yorkshire districts and well above the national average of 27%. Overview Economy of What Can Offer? Summary

13 What Can Offer? Impact of skill shortages Skills shortages within critical workforces can severely hinder a company s ability to execute strategy, accommodate clients and drive innovation. Scores of essential skills remain in short supply and new employees often take too long to reach competency. As baby-boomers reach retirement businesses throughout the county, and country, will face severe shortages of skilled workers and a shortage of workers means slow economic growth thus every county now has a challenge to boost its workforce numbers and of course to ensure that their workforce is sufficiently skilled. All businesses need to grow and develop in some way whether it is into new markets or through developing new products. Therefore, continual growth and development is essential for business survival. Key factor Investment in skills is the key factor because productivity is going to be severely affected in and throughout Yorkshire if the issue of skills shortage is not addressed. Employers should recruit locally, appreciate community talent, and train and nurture a skilful neighbouring workforce. Yorkshire must prepare its workforce to meet future or emerging needs and also make the workforce more adaptable and flexible. Overview Economy of What Can Offer? Summary

14 What Can Offer? 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. Furthermore, 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 and Yorkshire 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. Overview Economy of What Can Offer? Summary

15 Summary Challenges for has created an environment that supports economic growth and the creation of new jobs also the most recent Tour de France put the region on the international stage. However, the district has a low percentage of people younger than 29 and a high proportion aged 45 and over, furthermore by 2020 the district s population who are aged 65 and over is projected to rise by around 6,000 people - a 19% rise from current levels. Demographic changes can have a profound effect on local economies it is therefore important for to retain its young people; thus planning for demographic change involves an assessment of current trends and the development of future projections; an awareness of these trends and their potential impacts on local economies. Consequence of an unskilled workforce The consequences of a shortage of a skilled workforce will mean higher wage-push inflation and potential decreases in international competitiveness, and even the erosion of future domestic production capacity. Keeping Employers in has several large employers who have successful and expanding businesses that will need expansion space within the near future, sufficient space and industrial property at reasonable cost is crucial to keep employment and business in the region. Approximately 6,000 people leave daily to work outside the District, and the next 20 years will see 13,000 new residents in where will they work? Good quality employment sites are essential for the future economic development of. Overview Economy of What Can Offer? Summary

16 Summary Cordant s objective 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 and throughout Yorkshire to recruit and employ successful candidates in order that they may fulfil business targets and compete in today s increasingly competitive global markets. Overview Economy of What Can Offer? Summary

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

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