BECBC Social Value Group LEP Skills Update

Craig Ivison – Head of Skills Craig.Ivison@thecumbrialep.co.uk 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