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Dorset and the economic recession
Dorset Strategic Partnership Board
3 February 2009
Unemployment, December 2006-December 2008
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Dec
-06
Jan-
07
Feb
-07
Mar
-07
Apr
-07
May
-07
Jun-
07
Jul-0
7
Aug
-07
Sep
-07
Oct
-07
Nov
-07
Dec
-07
Jan-
08
Feb
-08
Mar
-08
Apr
-08
May
-08
Jun-
08
Jul-0
8
Aug
-08
Sep
-08
Oct
-08
Nov
-08
Dec
-08
% o
f re
sid
ent
wo
rkin
g a
ge
po
pu
lati
on
Great Britain
South West region
Bournemouth
DCC Dorset
Poole
Unemployment, 1992-2008
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
%o
f re
sid
ent
wo
rkin
g a
ge
po
pu
lati
on
Great Britain
South West region
Bournemouth
DCC Dorset
Poole
• Increasing deterioration for rural business and communities
• Bad news far outweighs the good.
• Rural businesses more reliant on finances secured on mortgage lending, overdrafts and credit card borrowing.
• Impact of retail closures in market towns – good for independents or urban centres?
SW Regional Economic Task Group
• Concern with construction sector
• Loss of European migrants
• Concern at long-term loss of skills and capacity
• Loss of apprentices
• Up-skill the indigenous workforce in preparation for up-turn
Regional Economic Council
• Chaired by Peter Mandelson and Alistair Darling.
• Mary Boughton, represents the Federation of Small Businesses.
Local response….
• Business Link…advice, workshops• Dorset Business…workshops• Local authorities…joint sign posting,
supportive approach• Encourage local procurement • Multi-agency approach…CAB et al• Area Action Workforce• DEP…SME week 6-14 May 2009