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Black Country Annual Economic Review 2018
May 2018
The Black Country Economy continues to Grow
Source: Office for National Statistics, Regional Accounts, 2017
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Black Country Annual Economic Review 2018 May 2018 The Black - - PowerPoint PPT Presentation
Black Country Annual Economic Review 2018 May 2018 The Black - - PowerPoint PPT Presentation
Black Country Annual Economic Review 2018 May 2018 The Black Country Economy continues to Grow Source: Office for National Statistics, Regional Accounts, 2017 2 3 3 Business stock in the Black Country is at its highest since 2004 Black
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Business stock in the Black Country is at its highest since 2004
Source: ONS Business Demography, 2016
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5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2004 2006 2008 2010 2012 2014 2016
Businesses
Black Country Business Base
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Business starts reach the highest level since 2004
Source: ONS Business Demography, 2016
Business Births Per 10,000 Population
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Black Country England 27
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Wages are up
Source: ONS Annual Survey of Hours and Earnings (Resident Analysis), 2017
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446,500 Jobs within the Black Country
Source: Business Register and Employment Survey, 2017
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PEOPLE - Raising Employability, Education and Skills
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Source: ONS Population Estimates, 2014
+3
Source: Population Estimates, 2017
Population continues to rise
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The number of people claiming key out of work benefits at its lowest level for more than a decade
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31 Above 59 Below BLACK COUNTRY
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The proportion of people with no qualifications has decreased
Source: Annual Population Survey, Jan-Dec 2017
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The proportion of people educated to NVQ4 or above has increased
Source: Office for National Statistics, Annual Population Survey, Jan-Dec 2017
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Apprenticeship starts in the Black Country
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2030 Target: 23,000 APPRENTICESHIPS 2030 Target: 23,000 APPRENTICESHIPS
13,570 2016/17 APPRENTICESHIPS
2030 Target: 23,000 APPRENTICESHIPS
13,570 2016/17 APPRENTICESHIPS 5,000 GROWTH DEAL
2030 Target: 23,000 APPRENTICESHIPS
13,570 2016/17 APPRENTICESHIPS 5,000 GROWTH DEAL 1,500 SKILLS FACTORY
2030 Target: 23,000 APPRENTICESHIPS
13,570 2016/17 APPRENTICESHIPS 5,000 GROWTH DEAL 1,500 SKILLS FACTORY 500 LA LEVY CONTRIBUTION
2030 Target: 23,000 APPRENTICESHIPS
13,570 2016/17 APPRENTICESHIPS 5,000 GROWTH DEAL 1,500 SKILLS FACTORY 500 LA LEVY CONTRIBUTION 2,400 APPRENTICESHIP GAP
*OF WHICH 900 POTENTIALLY FROM BUSINESS LEVY
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Source: NEET data by Local Authority, Department for Education, 2016
The proportion of NEETs in the Black Country is
lower than the national average
England 2016 – 2.8%
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PLACE -Transforming the Black Country Infrastructure and Environment
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Building for the Future
❖ Over 2,500 new homes ❖ Garden City ❖ 40,000+ homes in Pipeline ❖ £6bn+ Investment
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Significant Investment in Transport Infrastructure
Motorways & Roads - £560m Investment Rail - £648m Investment Metro Extension - £743m Investment
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