becbc social value group lep skills update craig ivison ...€¦ · becbc social value group lep...
TRANSCRIPT
BECBC Social Value Group LEP Skills Update
Craig Ivison – Head of Skills [email protected] T: 01768 212862
Strategic Imperative 1 – Declining working age population
Major challenge as Cumbria one of few places in England where population has been falling
1. We need to look at attracting more people to work here
2. Retaining older workers
3. Addressing worklessness
Strategic Imperative 2 – Thin pool of higher level skills
Smallest pool of those with “graduate” level qualifications in England of any LEP area
And in practice the labour markets across Cumbria are separate
A bit offset by proximity to other parts of UK (Lancashire and Scotland)
Strategic Imperative 3 – Cold spots of worklessness and deprivation
Areas with high rates of unemployment, deprivation, low skills, poor health and worklessness overlap and are concentrated
Particular issue in parts of the West Coast, Barrow and parts of Carlisle
Also noticeable are those areas where deprivation is in areas with successful (and often growing) employers
Strategic Imperative 4 - Business start-ups
Start-up rate 40% below the national average
Lack of dynamism and limited rate of churn in the business base
Strategic Imperative 5 - Faster growing firm
Cumbria has fewer business that grow fast in both absolute
and relative terms
Measured in many different ways: Proportion of start-ups that reach £1m+ turnover (2014-17)
Proportion of £1-2m turnover businesses that grow to £3m+ turnover
OECD Definition of “High-growth firms”
Productivity growth – firms who grow both in terms of jobs and revenues but have a faster rate of growth in revenues
Strategic Imperative 7 – Infrastructure
Our geography presents challenges…
importance of excellent digital/mobile connectivity…
…infrastructure to attract and retain people and businesses…
…new housing for growth and affordability
M6
A69
M6
Penrith
Keswick
Ambleside
Maryport
Silloth
Workington
Whitehaven
Barrow-in-Furness Ulverston
LancasterPreston
LiverpoolManchester
Leeds
TeessideYorkshire
NewcastleNorth East
Scotland
Carlisle
Carlisle LakeDistrict Airport
Cumbria
Rail Access
Port
Airport
Motorway
A roads
Kendal
Windermere
M6
M6
A66
A685
A65
A590
A66
A591
A595
A595
COVID-19 RESPONSE AND RECOVERY
Economic Vulnerability Index
Economic Contraction
Projected GVA Growth
Projected Employment Growth
Impact on Unemployment
Recovery Framework
Restart – getting those businesses that can to return to work. This has already been happening in Cumbria through the active promotion of working safely.
Reboot – Developing a flight path back to those Local Industrial Strategy ambitions, which remain feasible and deliverable.
Rethink –addressing the limitations of some aspects of economic policy including globalisation, just in time supply chains, and short-term policy thinking.
Impact on Strategic Imperatives
Impact on Strategic Imperatives
Re-Think Priorities
Clean Energy Production
Diversify to Thrive
The New Visitor Experience
The Future of Food
Cumbria – the UK’s Natural Capital
The Way we Live, The Way We Work Now
Skills Advisory Panel
Plan for Jobs Apprenticeship Incentives Traineeships Kickstart
Apprenticeship Levy Jobs Fuse – National Careers Service, Sector Based Work Academies Cumbria Opportunities
NEET Level 3 Technical Education Institute of Technology Capital Investment
Town Deals Local Skills Report
Cumbria Careers Hub Progress Focus Enterprise Advisor Network Cornerstone Employers Work Experience Enterprise STEM