Transcript Extended DMT - Borough of Hartlepool

Education Commission
1st April 2014
Denise Ogden
Director Regeneration &
Neighbourhoods
Issues
• Not enough Jobs – 259,500 jobs and 424,000 working age
population
• Reliance on public sector
• Reduction in private sector jobs in Tees Valley economy
from 203,400 (2007) to 186,800 (2012)
• High levels of unemployment, particularly amongst young
people: 13:2%, c.f. unemployment rate 8.2% nationally
(2012) – the highest of all the LEP areas
• 63% of the working population in employment c.f. 70%
nationally
• 3rd Highest youth unemployment rate in the Country
(margins are small)
Tees Valley Statement of Ambition
1. Drive the transition to a High Value Low Carbon
Economy
2. Create a more diversified and inclusive
economy
– Develop infrastructure and place to enable economic
development
– Support sector development and enterprise
– Develop the workforce within the Tees Valley
– Promote the Tees Valley economy
– Secure investment to meet the economic
development needs of the Tees Valley
We need growth in our employment
opportunities
• Managers of existing small companies need the skills to
understand how best to access growth/potential to
expand
• Entrepreneurship is needed to help within existing
companies and to create more new business
• Workforce succession planning is needed within existing
companies to address the impact of the ageing
workforce and the untapped business growth
opportunities
• General management entry-level skilled staff must be
available in the area to ensure public sector growth/
additional relocations in this area
All individuals need to have general
employability skills
• The right behaviours and attitudes
• STEM skills – we need greater access to /
take up of STEM subjects particularly post
16
• Improved Careers Education advice,
information and guidance
We need more people to have
certain sector specific / professional
skills including a need for
• Graduate Engineers
• Health and social care sector staff/ filling
existing vacancies – growth sector
• Support service staff for private sector
companies – e.g. financial, marketing,
management
City Deal – job creation
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City Deal, 25,000 net new jobs over 10 years
Industrial/manufacturing – made up of major new investment in petrochemicals/
advanced manufacturing, low carbon and environmental technologies, off-setting
employment decline in traditional sectors
Local demand - made up of construction, retail, leisure, business services, education
and health & care, influenced by a growing and ageing population
Growth sector service - made up of tourism/ leisure, digital, telecoms and creative;
logistics; financial and business services, higher education and public sector regional/
national service centres
In terms of diversification of the economy many of the new jobs will come from
stimulating entrepreneurs / new businesses and growing existing business through
bespoke support/ finance with an emphasis on commercialisation of products/
processes
Create a Business Growth Hub tasked with creating new business/jobs, across all
sectors.
An improvement in skills levels is required to enhance the attraction of the area to
companies and help retain and growth them. This will be tackled by establishing a
skills hub together with a relaxation of national rules to increase throughput in
producing the skills required by employers
Infrastructure improvements to rail, road, port and airport
Job Creation 2014-2024
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Low Carbon – 2,500
Advanced manufacturing – 2,500
Other manufacturing – 5,000
Construction – 4,000
Tourism & retail – 2,000
Finance and business services – 8,000
Logistics – 2,000
Telecoms & digital – 2,000
Higher education – 1,000
Health (care) – 4,000
Other public services – 2,000
25,000
Skills profile of Employment Growth