Post on 19-Jan-2016
Bradford’s Economy
The Bradford Economy
• 15,000 businesses • Employ 195,000 people • 22,000 self employed.
Economy
• 15,000 businesses • Employ 195,000 people • 22,000 self employed.
• Third largest economy in the Region • 3 out of Yorkshires top 5 quoted
companies based in Bradford
• Bradford’s workforce is growing, the working age population has grown by 9,000 since 2000, a rise of 3.3%, the fastest growth of any major city in the UK outside London.
• 4.3 million people live within a 60 minute drive-time of Bradford city centre
• Unemployment is falling at more than twice the regional and national rates.
• More than 30,000 jobs have been filled in the past year.
The Bradford Economy
• Bradford attracts more than 11 million visitors a year – worth £408 million to the local economy.
• National Museum of Photography, Film and Television - the most visited museum outside London, the Bronte Parsonage at Haworth and Saltaire.
• £1.5 billion of investment is currently planned for Bradford including a £400 million redevelopment of the city centre and £110 million redevelopment of Lister Mills, once the largest silk mill in the world.
The Bradford Economy
Employment Change Bradford District 1974-2002
0
50000
100000
150000
200000
250000
1974 1987 1995 2002
Manufacturing
Construction
Services
55,000 Manufacturing Jobs Lost54,700 Service Sector Jobs created
% Employment Change by Sector 1998-2003
-25
-20
-15
-10
-5
0
5
10
15Bradford
Great Britain
Construction
Manufacturing
Services All
Manufacturing Employment ChangeBradford District 1998-2003
-5500
-4500
-3500
-2500
-1500
-500
500
J obs
Printing &Packaging
Textiles
Engineering
Food &
Drink
Service Employment Change Bradford District 1998-2003
0
500
1000
1500
2000
2500
Financial Services
Hotels & Catering
Business Services
Retail
Business Services Employment Change
Bradford District 1998-2003
-500
0
500
1000
1500
2000
2500
Legal Services
Computer related
Accountancy
Recruitment
AgenciesBut …….
Full Time/Part Time Employment Change1984-2003
-10000
-8000
-6000
-4000
-2000
0
2000
4000
6000
8000
10000
Male FT
Male PT
Female FT
Female PT
Manufacturing
Services All
Full Time/Part Time Employment Change1984-2003
-10000
-8000
-6000
-4000
-2000
0
2000
4000
6000
8000
10000
Male FT
Male PT
Female FT
Female PT
Manufacturing
Services All
Loss of full time manufacturing jobs.
Full Time/Part Time Employment Change1984-2003
-10000
-8000
-6000
-4000
-2000
0
2000
4000
6000
8000
10000
Male FT
Male PT
Female FT
Female PT
Manufacturing
Services All
Services employment growth both full and part time.
Full Time/Part Time Employment Change1984-2003
-10000
-8000
-6000
-4000
-2000
0
2000
4000
6000
8000
10000
Male FT
Male PT
Female FT
Female PT
75% of overall employment growth has been part time jobs
Manufacturing
Services All
demographics (census 2001)
Students
•Bradford has a youthful population compared to Leeds
•Forecast employment growth in Leeds will increasingly be met by Bradford residents
BRADFORD LEEDS
Shipley
Mean Household Income Less than
£16,000 £16,000 -
£20,000 £20,001 -
£26,900 £26,901 –
£33,000 £33,001 -
£42,000 £42,001 -
£53,000
Keighley
Ilkley
Bingley
BradfordDistrict average = £26,900
UK average = £29,300
Gross average weekly earnings of full-time workers 2002 to 2003 and percentage change in earnings over the year
200
250
300
350
400
450
500
Bradford Y&H GB
aver
age
wee
kly
ear
nin
gs (£
) 2002
2003+5.6% +3.7%
+2.4%
Source: New Earnings Survey
Workplace Based Pay
£404£427
£410£426 £476
£465
Employment in Bradford is characterised by:
• High male and female part-time employment rates
• Increasing proportion of the workforce working part-time
• An under-representation of self-employment • An over-representation of lower level
occupations• Lowest gross weekly earnings of all West
Yorkshire Districts• Unequal distribution of employment