Scotland's Economic Performance

Similar documents
Measuring Fife s Economy

The Fife Labour Market Annual Report 2013

ITEM 3.1 (I) APP 1 STATE OF THE D2N2 ECONOMY REGIONAL ECONOMIC CONTEXT AND TRENDS

Poverty and Inequality Commission Priorities and Work Plan

GB (numbers) All people 185,200 5,462,900 57,851,100 Males 93,500 2,680,900 28,275,200 Females 91,700 2,782,000 29,575,900.

Exploring the rise of self-employment in the modern economy

Local Economic Assessment for Norfolk. September 2013 Update

ANNUAL REPORT for the Child Poverty Strategy for Scotland

East Devon Area Profile. Produced for Devon County Council

CHILD POVERTY (SCOTLAND) BILL

Air Passenger Duty. Scottish Government consultation submission. Date: Thursday June 2, Gordon Robertson and Erik Geddes

ECONOMY, JOBS AND FAIR WORK COMMITTEE

European public sector aims for world class construction sector. Dr. Ilka May Co-Chair and Head of Delivery EU BIM Task Group

SMEs and UK growth: the opportunity for regional economies. November 2018

Social Enterprise in Fife

BBPA Local impact of the beer and pub sector 2010/11

Fair Funding for Essential Services

Great Britain (numbers) All people 236,000 5,381,800 59,216,200 Males 116,900 2,648,100 29,054,100 Females 119,100 2,733,800 30,162,100

Implications of the EU Referendum on the Humber Economy

Great Britain (numbers) All people 135,700 5,411,100 59,608,200 Males 67,800 2,664,100 29,280,500 Females 67,900 2,747,000 30,327,700

MONITORING POVERTY AND SOCIAL EXCLUSION IN NORTHERN IRELAND 2016

A Stronger Future for Fife Single Outcome Agreement 2009 version 1.1 (02/04/09) Page 1 of 54

Mitigating the impact of welfare reform on health and NHS services, service users and employees.

Monitoring poverty and social exclusion in Scotland (2002)

CHANGING GEOGRAPHY OF DEPRIVATION: DISCUSSION PAPER

West Yorkshire (Met County) (Numbers)

WEST OF ENGLAND LEP ECONOMIC ASSESSMENT 2015 WEST OF ENGLAND ECONOMIC ASSESSMENT EXECUTIVE SUMMARY 04 AUGUST Page 1

Dumfries and Galloway

Poverty and income inequality in Scotland:

Great Britain (Numbers) All People 85,100 5,810,800 63,785,900 Males 42,300 2,878,100 31,462,500 Females 42,800 2,932,600 32,323,500

Great Britain (Numbers) All People 127,500 5,517,000 63,785,900 Males 63,200 2,712,300 31,462,500 Females 64,400 2,804,600 32,323,500

All People 532,500 5,425,400 63,785,900 Males 262,500 2,678,200 31,462,500 Females 270,100 2,747,200 32,323,500. Bradford (Numbers)

Great Britain (Numbers) All People 386,100 8,787,900 63,785,900 Males 190,800 4,379,300 31,462,500 Females 195,200 4,408,600 32,323,500

Brighton And Hove (Numbers) All People 287,200 9,030,300 63,785,900 Males 144,300 4,449,200 31,462,500 Females 142,900 4,581,100 32,323,500

Great Britain (Numbers) All People 283,500 7,224,000 63,785,900 Males 140,400 3,563,200 31,462,500 Females 143,100 3,660,800 32,323,500

Great Britain (Numbers) All People 7,700 8,825,000 64,169,400 Males 4,200 4,398,800 31,661,600 Females 3,500 4,426,200 32,507,800

Great Britain (Numbers) All People 186,600 6,130,500 63,785,900 Males 92,600 3,021,700 31,462,500 Females 94,000 3,108,900 32,323,500

North West Leicestershire (Numbers) All People 98,600 4,724,400 63,785,900 Males 48,900 2,335,000 31,462,500 Females 49,800 2,389,400 32,323,500

Great Britain (Numbers) All People 64,000 6,168,400 64,169,400 Males 31,500 3,040,300 31,661,600 Females 32,500 3,128,100 32,507,800

Great Britain (Numbers) All People 267,500 9,080,800 64,169,400 Males 132,500 4,474,400 31,661,600 Females 135,000 4,606,400 32,507,800

Great Britain (Numbers) All People 325,300 4,724,400 63,785,900 Males 164,500 2,335,000 31,462,500 Females 160,800 2,389,400 32,323,500

Great Britain (Numbers) All People 49,600 5,559,300 64,169,400 Males 24,000 2,734,200 31,661,600 Females 25,700 2,825,100 32,507,800

All People 263,400 5,450,100 64,169,400 Males 129,400 2,690,500 31,661,600 Females 134,000 2,759,600 32,507,800. Rotherham (Numbers)

Great Britain (Numbers) All People 140,700 9,026,300 63,785,900 Males 68,100 4,447,200 31,462,500 Females 72,600 4,579,100 32,323,500

All People 280,000 6,168,400 64,169,400 Males 138,200 3,040,300 31,661,600 Females 141,800 3,128,100 32,507,800. Central Bedfordshire (Numbers)

City Economic Digest

Great Britain (Numbers) All People 176,200 6,168,400 64,169,400 Males 87,200 3,040,300 31,661,600 Females 89,000 3,128,100 32,507,800

All People 437,100 5,450,100 64,169,400 Males 216,700 2,690,500 31,661,600 Females 220,500 2,759,600 32,507,800. Kirklees (Numbers)

Great Britain (Numbers) All People 348,000 8,825,000 64,169,400 Males 184,000 4,398,800 31,661,600 Females 164,000 4,426,200 32,507,800

All People 130,700 3,125,200 64,169,400 Males 63,500 1,540,200 31,661,600 Females 67,200 1,585,000 32,507,800. Vale Of Glamorgan (Numbers)

Financial Scrutiny Unit Briefing The Economic Implications of Brexit

Stockton-On- Tees (Numbers) All People 196,500 2,644,700 64,169,400 Males 96,800 1,297,900 31,661,600 Females 99,700 1,346,800 32,507,800

MONITORING POVERTY AND SOCIAL EXCLUSION IN SCOTLAND 2015

All People 295,800 2,644,700 64,169,400 Males 149,400 1,297,900 31,661,600 Females 146,400 1,346,800 32,507,800. Newcastle Upon Tyne (Numbers)

Great Britain (Numbers) All People 138,500 6,168,400 64,169,400 Males 69,400 3,040,300 31,661,600 Females 69,000 3,128,100 32,507,800

All People 175,800 5,860,700 64,169,400 Males 87,400 2,904,300 31,661,600 Females 88,400 2,956,400 32,507,800. Telford And Wrekin (Numbers)

Great Britain (Numbers) All People 2,300 5,517,000 63,785,900 Males 1,200 2,712,300 31,462,500 Females 1,100 2,804,600 32,323,500

Tonbridge And Malling (Numbers) All People 128,900 9,080,800 64,169,400 Males 63,100 4,474,400 31,661,600 Females 65,800 4,606,400 32,507,800

Hammersmith And Fulham (Numbers) All People 183,000 8,825,000 64,169,400 Males 90,400 4,398,800 31,661,600 Females 92,600 4,426,200 32,507,800

The. Scottish economy. Forecasts of the

Great Britain (Numbers) All People 141,000 9,080,800 64,169,400 Males 68,900 4,474,400 31,661,600 Females 72,100 4,606,400 32,507,800

Brighton And Hove (Numbers) All People 288,200 9,080,800 64,169,400 Males 144,800 4,474,400 31,661,600 Females 143,400 4,606,400 32,507,800

Recommendation for a COUNCIL RECOMMENDATION. on the 2017 National Reform Programme of Germany

Great Britain (Numbers) All People 259,900 5,860,700 64,169,400 Males 128,900 2,904,300 31,661,600 Females 131,000 2,956,400 32,507,800

Scotland's Economic Performance. Tanya Wilson, University of Stirling

Great Britain (Numbers) All People 836,300 8,947,900 63,258,400 Males 405,700 4,404,400 31,165,300 Females 430,500 4,543,500 32,093,100

Great Britain (Numbers) All People 1,176,400 6,129,000 63,785,900 Males 576,100 3,021,300 31,462,500 Females 600,300 3,107,700 32,323,500

Great Britain (Numbers) All People 1,201,900 7,258,600 64,169,400 Males 593,300 3,581,200 31,661,600 Females 608,600 3,677,400 32,507,800

Great Britain (Numbers) All People 843,800 9,026,300 63,785,900 Males 410,000 4,447,200 31,462,500 Females 433,800 4,579,100 32,323,500

Merseyside (Met County) (Numbers) All People 1,416,800 7,258,600 64,169,400 Males 692,300 3,581,200 31,661,600 Females 724,600 3,677,400 32,507,800

Great Britain (Numbers) All People 497,900 7,219,600 63,785,900 Males 245,600 3,560,900 31,462,500 Females 252,300 3,658,700 32,323,500

East Lothian Council budget

in hereplanning Pilots Programme TOWN CENTRE 1ST PRINCIPLE Fife Council Reducing Planning Obligations to attract town centre investment

Glasgow s Participatory Budgeting Evaluation Toolkit

Great Britain (Numbers) All People 1,180,900 6,168,400 64,169,400 Males 578,500 3,040,300 31,661,600 Females 602,500 3,128,100 32,507,800

Great Britain (Numbers) All People 648,200 6,168,400 64,169,400 Males 324,200 3,040,300 31,661,600 Females 324,100 3,128,100 32,507,800

Cornwall And Isles Of Scilly (Numbers)

Great Britain (Numbers) All People 564,600 5,860,700 64,169,400 Males 279,200 2,904,300 31,661,600 Females 285,400 2,956,400 32,507,800

FAIR WORK DECENT CHILDHOODS

MONITORING POVERTY AND SOCIAL EXCLUSION 2013

West Midlands (Met County) (Numbers)

TRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...?

Coventry And Warwickshire (Numbers) All People 909,700 5,800,700 63,785,900 Males 453,500 2,872,600 31,462,500 Females 456,200 2,928,100 32,323,500

Great Britain (Numbers) All People 623,100 5,516,000 63,785,900 Males 305,300 2,711,600 31,462,500 Females 317,900 2,804,400 32,323,500

Fife Strategic Assessment

FACTFILE: GCSE ECONOMICS UNIT 3.2

Overview of the labour market

York, North Yorkshire And East Riding (Numbers)

Santander Trade Barometer. September 2017

North Devon Area Profile. Produced for Devon County Council

Housing Europe Manifesto for the European Elections 2019

Stoke-On- Trent And Staffordshire (Numbers)

Cornwall And Isles Of Scilly (Numbers)

Council of the European Union Brussels, 23 September 2015 (OR. en)

Assessment of Active Labour Market Policies in Bulgaria: Evidence from Survey Data

Nottingham And Nottingham And. All People 2,178,000 4,724,400 63,785,900 Males 1,077,300 2,335,000 31,462,500 Females 1,100,700 2,389,400 32,323,500

The (Dis)United Kingdom? Ed Poole Cardiff University, Wales

Regional Skills Assessment Highlands and Islands Insight Report

Transcription:

Scotland's Economic Performance Fife Council 1. What have been the main drivers of growth in the Scottish economy since 2007? Scotland s GVA per head increased by 14.3% between 2007 and 2015. During the same period, Fife s GVA per head increased by 13.6%. These increases may have been driven by the following factors: Fife has levered on average 78 million per annum of inward investment over the last ten years (Invest in Fife). The availability of debt finance to fund business growth. Infrastructure projects such as the new Queensferry Crossing and the construction of the aircraft carriers at Rosyth. The growth of key sectors such as tourism, renewables, food and drink. 2. How have Scotland s key sectors performed over the past decade? Scotland s key sectors experienced significant increases in turnover and GVA generated by Fife businesses (source: Growth Statistics Scotland 2016): Food and drink is a successful and growing sector in Fife. Turnover from Fife s food and drink businesses increased by 111.6% between 2008 and 2014 higher than any other sector. GVA per head generated by Fife s financial and business services also increased between 2008 and 2014 by 43.1% from 31.2 million to 44.6 million. Over the past decade there has been significant investment in Fife s energy and renewables sector. Despite the oil and gas downturn, turnover from Fife businesses in this sector increased by 14.2% between 2010 and 2014. The tourism sector in Fife has experienced year-on-year growth in GVA per head a 67.1% increase between 2008 and 2014. The Fife Tourism Partnership aims to position Fife as a first class tourism destination by 2024 and works collaboratively with businesses in Fife. 3. How does Scotland s growth rate compare with the UK as a whole, other regions/nations of the UK, and other countries in the EU? Scotland s GVA per head increased by 26.2% between 2005 and 2015 (ONS Regional GVA). This is higher than the UK rate of GVA growth of 24.5% for the same period. When compared with Fife, Scotland s growth rate is lower Fife s GVA per head increased by 32.8% between 2005 and 2015. Forecasts for GVA per head (provided by Experian) suggests that from 2017 to 2037 Scotland s growth rate will be higher than Fife s (41.8% compared to 32.2%). 1

4. Where will we see future growth in our economy exports, sectors, regions and innovations? The rise of Industry 4.0 will drive forward the integration of digital technologies and physical assets to drastically change the efficiency of businesses and organisations. Adopting digitalisation practices, businesses in Scotland, and in Fife, will have the potential to increase the number of business start-ups, increase speed to market, integrate and strengthen supply chains and realise productivity gains (Made Smarter Review 2017). Additional areas where Fife might see growth are: Fife is a partner in two City Region Deals (ESES City Deal and Tay Cities Deal) which aim to increase productivity across the region through increased local responsibility of budgets, skills development and infrastructure. Forecasts for GVA per head (provided by Experian) predict the largest increases in the same three sectors for both Fife and Scotland: o Information & Communication (52.4% increase in Fife; 54% in Scotland). o Finance & Insurance (47.1% in Fife; 54.4% in Scotland). o Transport & Storage (45.3% for Fife; 51.8% for Scotland). Investment in housebuilding to meet requirements for affordable homes as well as support population growth will deliver not just construction employment but underpin growth in other sectors. 5. What is Scotland s industrial composition and what are the barriers to diversification and growth? The greatest proportion of Fife s GVA in 2016 was generated by Public Services (26%), followed by Manufacturing (19.5%) and Professional & Other Private Services (18.6%) (Based on Experian data). Scotland s and Fife s business base is comprised heavily of small businesses employing fewer than 49 people. 96.4% of businesses in Scotland are small compared with 93% of Fife businesses. Despite this large proportion, 50% of total number of people employed in businesses in Scotland are employed by larger businesses (250+ employees) this is the same for Fife s employment in businesses. Unsurprisingly over 60% of turnover generated by business in Scotland is by large businesses 65% of business turnover in Fife is generated by large businesses. Barriers to diversification and growth are: Industry 4.0 competing with global businesses in other countries that are ahead in the shift toward industry 4.0. Political uncertainty such as Brexit and the impact this will have on migrant workers and exporting. Oil and gas prices. 2

Workforce skills not having the skilled workforce needed to adopt new digital practices. The unintended consequences of changes to Non Domestic Rates, reducing the incentive to preserve and develop new business property, which the Barclay Review will seek to address. 6. What role has Government support for innovation played in growing Scotland s economy and boosting productivity? During 2016/17, 11 business leaders took part in the Fife Entrepreneurial Leadership Programme, which is designed to help SMEs across Fife with growth potential achieve transformational change. The programme builds on a pilot which ran in early 2016 and saw 9 business leaders complete the course. Designed by Fife Council s Economic Development Team and Edinburgh Napier University, the programme is funded by the Fife Task Force a Government funded Task Force. European Innovation grants, such as the European Eco Innovation grant (EcoADD), and Scottish Enterprise grants and investments have enabled many businesses in Fife to develop new products and grow their businesses. For example, Glenrothes-based industrial technology business, CelluComp. 7. What are the main drivers of income and wealth inequality in Scotland? Cost of living a report on the cost of living in the UK by the Joseph Rowntree Foundation in 2012 found that since 2008 childcare costs have risen more than twice as fast as inflation, rent in social housing has gone up by 26%, food costs have increased by 24%, energy costs are 39% higher, and public transport is up by 30%. Changes to the benefits system - In 2015, the Scottish Parliament Welfare Reform Committee identified that changes to the benefits system had resulted directly in a loss of 103m per annum in Fife, equivalent to 440 per working age adult (exactly matching the Scotland wide figure). Although more people are higher educated in Scotland - the percentage of people with qualifications at NVQ level 4 and above in Scotland increased by 10.7 percentage points between 2007 and 2016 (33% to 43.7%) and those employed in high paid occupations has increased from 38.3% in 2007 to 43% in 2017, there are still many in low paid occupations. Migration to cities and away from rural areas mainly by young people with higher skills. Lack of infrastructure and public transport in both rural and urban areas (such as Mid Fife) limits the number of job opportunities for people living in these communities. 3

Digital Skills within the workforce and the requirement for young people entering the workplace. 8. How does income and wealth inequality in Scotland compare to other countries/regions and what are the policy responses to income and wealth inequality in Scotland and abroad? Fife s major challenge in achieving inclusive growth are the geographical disparities across Fife, in particular Mid-Fife, as identified in the emerging Local Outcome Improvement Plan. The Fairer Fife Commission was established by Fife Council in September 2014 and produced the Fairness Matters report. Many of the issues highlighted in this report are not unique to Fife and are found throughout areas of Scotland. The report outlines the fairness ambitions for Fife Council and the Fife Partnership by 2030, the current performance of Fife, the Scottish average, the performance of the top five Scottish local authorities and the number of people positively affected by Fife reaching the top five. 9. What have the trends in debt, wages and household income been over the past decade? Scotland s gross weekly earnings (resident-based) has increased by 25.4% over the last decade from 427.90 in 2006 to 536.60 in 2016. This is lower than Fife s growth rate of 27.4% over the same period ( 419.40 to 534.30). From 2006 to 2015, Scotland s gross disposable household income (GDHI) per head has increased by 26.2% - slightly lower than the rate of growth for weekly earnings. Fife s GDHI per head increased by 31.3%. 10. What are the reasons for regional differences in labour market participation? The failure to recover economically from Fife s mining past has left many towns in the region, especially in Mid-Fife, with a sense of poor internal and external perception, as well as varying labour market participation. This is not dissimilar to other areas of Scotland that will also have seen slow recovery from past mining legacy and the days of heavy manufacturing. In Fife, there is varying rates of employment, unemployment and economic inactivity (based on UK parliamentary constituencies): Dunfermline and West Fife 76.2% employment rate; 1.9% unemployment rate; 22.3% economically inactive. Glenrothes 69.6% employment rate; 8.3% employment rate; 24.2% economically inactive. Kirkcaldy and Cowdenbeath 76.8% employment rate; 5.5% employment rate; 18.7% economically inactive. North East Fife 72% employment rate; 3.9% employment rate; 25.1% economically inactive. 4

Reasons for these varying rates may be due to: Varying job density highest density in Dunfermline (0.73), compared with lowest density in North East Fife (0.59). Poor connectivity for those living in Mid-Fife and rural areas of Fife make it more difficult for those seeking work to access job opportunities in other areas of Fife, Edinburgh, Dundee, and beyond. The Fife Council area is unique within Scotland being located between two strategic development plan authority areas serving the Dundee and Edinburgh city regions. Despite this, the Scottish Government s focus to improve regional cohesion is not being realised for Fife. Addressing connections to major transport corridors such as the Queensferry Crossing, M90 and A92 from Mid-Fife would stimulate growth and achieve regeneration. Doing so would address the areas peripherality to both City regions and improve the flow of people and jobs ensuring inclusivity. The commitment to work towards developing a Levenmouth rail link is welcomed. Population demographics i.e. areas with a high proportion of the population over working age North East Fife has a higher percentage of people over the age of 65 than the whole of Fife and Scotland (22% compared with 20% and 18% respectively). There are a high number of students in St Andrews which might suggest the higher level of economic inactivity. 11. How has the labour market in Scotland changed over the past decade? Increase in wages and household disposable income. More people have higher qualifications - there are more people aged 16-64 qualified to NVQ level 4 or above in 2016 than in 2006 (43.6% in Fife; 43.7% in Scotland). Less people have no qualifications the percentage of people with no qualifications decreased by 2.1% in Fife from 2006 to 2016 and 3.9% less people in Scotland from the same period. There has been an increase in the number of people in employment who are in professional occupations and a decrease in those employed as process, plant and machine operatives. There has also been a decrease in elementary occupations and skilled trade occupations. Yet despite an increase in the percentage of employed in managerial and director roles for Scotland as a whole, there was a decrease in Fife by 2.6 percentage points. Company closures, especially in the Mid-Fife area. This resulted in the Fife Task Force which was established as a result of the closure of the Tullis Russell Papermill in Glenrothes in 2015. Additionally, the closure of Longannet Power Station in 2016 resulted in establishing the Longannet Task Force. Both Task Forces are Government funded and have worked to re-employ those who lost their jobs and regenerate the areas in the aftermath of these closures. 5

12. What are the different models of business ownership in Scotland and what is their importance to Scotland s economy? There are various different models of business ownership in Scotland: private and public companies; sole traders; partnerships; third sector; employeeowned companies; Scottish co-operatives; and the rise of home-based businesses. Fife Council 6

2024 © financedocbox.com Privacy Policy | Terms of Service | Feedback