Hampshire Economic Assessment 2013 Update

advertisement

Hampshire

Economic

Assessment

2013 Update

May 2013

Hampshire

Facts about Hampshire

Place

Population

Economy

Key sector strengths

Hampshire’s key assets

Main areas of future growth

Hampshire location

Source: 2011 Census

Functional economic geography

90 and over

85

80

75

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

19

14

9

4

89

84

79

74

69

64

59

54

49

44

39

34

29

24

5

Hampshire population

3 1 1 3 5

Percentage of the Population in 2001

Females Males

90 and over

85

80

75

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

19

14

9

4

89

84

79

74

69

64

59

54

49

44

39

34

29

24

5 3 1 1 3 5

Percentage of the Population in 2011

Females Males

Source: 2001 Census and 2011 Census

90 and over

85

80

75

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

19

14

9

4

89

84

79

74

69

64

59

54

49

44

39

34

29

24

5

Hampshire population

3 1 1 3 5

Percentage of the Population in 2011

Females Males

90 and over

85

80

75

70

65

60

55

50

45

40

35

30

25

20

15

10

5

0

19

14

9

4

89

84

79

74

69

64

59

54

49

44

39

34

29

24

5 3 1 1 3 5

Percentage of the Population in 2021

Females Males

Source: 2011 Census and Sub-national Population Projections

Economic Activity

Hampshire Economic Area

28,0

3,8

3,3

9,6

14,2

41,1

England and Wales

Part-time

Full-tme

Self-employed

Unemployed

Full-time student

Inactive

3,4

4,4

30,3

9,7

13,7

38,5

Source: 2011 Census, 16-74 year old population

Concentration of employment

Source: Business Register and Employment Survey, 2011

Unemployment

Source: Annual Population Survey

Hampshire’s economy £38bn

60 000

50 000

40 000

30 000

20 000

10 000

0

48.2

37.9

29.9

Greater

Manchester

Hampshire

Economic Area

Northern Ireland

Source: Regional Gross Value Added

Economic recovery

8

6

4

2

0

-2

-4

-6

1997 2002 2007 2012 2017 2022 2027

Source: Experian ©, November 2012

South East

Hampshire

UK

Added Value by industry

Agriculture, forestry and fishing, 0.5

Public administration; education; health,

18

Other services and household activities; 4

Production; 14

Construction; 7

Business service activities; 12

Distribution; transport; accommodation and food; 20

Real estate activities; 9

Financial and insurance activities; 7

Information and communication;

10

Source: Regional Gross Value Added

Employment by industry

Agriculture, forestry & fishing;

0,1 Production; 10

Other services; 5

Public administration; education; health;

27

Construction; 5

Distribution; transport; accommodation and food; 29

Business service activities; 15

Information and communication; 6

Property; 1

Financial and insurance activities; 3

Source: Business Register and Employment Survey, 2011

Competitiveness

• Hampshire located in the most competitive region

• World class knowledge-base institutions

• Excellent communications infrastructure

• High economic activity

• Diverse economy

• Strong skills base

• Low levels of crime

• High quality of live

• 5 Hampshire districts in top 20% most competitive

Source: UK Competitiveness Index, 2010

UK Competitiveness Index

Winchester

Hart

Test Valley

Basingstoke and Deane

Rushmoor

Eastleigh

East Hampshire

Fareham

New Forest

Southampton

Havant

Portsmouth

Gosport

80

105,6

105,5

109,8

109,6

109,5

116,6

115,5

96

95,7

95,6

99,8

98,6

89,7

85 90 95 100 105 110 115

UK Competitiveness Index 2010, UK = 100

120

Source: UK Competitiveness Index, 2010

Resilience of the local economy

Enterprise M3, a Local Enterprise Partnership which covers the north area of Hampshire and part of Surrey, is ranked 1

39 areas.

st for resilience, out of

The area is more able to withstand and respond to economic shocks in the external environment than any other area in England.

Income of residents and workers

Hampshire Economic Area

540,5

533,4

United Kingdom

505,9

505,9

480,0 510,0 540,0 570,0

Source: Annual Survey of Hours and Earnings, 2012

Worker income

Resident income

Households with high income

Source: Experian Mosaic, 2011; Income higher than average

Business population

• More than 73,000 businesses

• Majority are micro, small and medium enterprises

• Around 320 businesses are large employers (250+)

Source: UK Business, 2012

Key sector strengths

• Financial and professional services

• ICT and Digital Media

• Pharmaceuticals & Healthcare

• Advanced Engineering & Marine

• Energy & Environment

• Aerospace & Defence

Key sector strengths

1,00

0,50

0,00

-0,50

-1,00

-1,50

-2,00

-2,50

0,76 0,78 0,80 0,82 0,84

1B Professional Services

6,00

5,00

4,00

3,00

2,00

1,00

0,00

-1,00

-2,00

0,00 1,00 2,00 3,00 4,00

0,86

1 Financial & Professional Services

1A Finance

5,00

30,00

20,00

10,00

0,00

-10,00

1,00

10,00

5,00

0,00

-5,00

-10,00

0,90

2 ICT & Digital Media

2A Computing

2B Digital Media

2C Publishing

0,92

1,50

0,94 0,96 0,98

2,00

1,00

4,00

2,00

0,00

-2,00

-4,00

0,80 1,00 1,20 1,40 1,60

3 Pharmaceuticals & Healthcare

3A Healthcare

3B Pharmaceuticals

1,80

6,00

3,00

0,00

-3,00

-6,00

-9,00

1,00 1,50 2,00 2,50 3,00 3,50

4 Advanced Engineering & Marine

4A Advanced Engineering

4B Marine

5 Energy & Environment

5A Energy

5B Environment

Location

Quotient in HEA relative to Great Britain (BRES, GB=1)

6 Aerospace & Defence

6A Aerospace

6B Defence

6,00

5,00

4,00

3,00

2,00

1,00

0,00

-1,00

-2,00

0,00

Key sector strengths

30,00

20,00

10,00

0,00

-10,00

0,90 1,00 1,10 1,20

4,00

2,00

0,00

-2,00

-4,00

0,93

2 ICT & Digital Media

2A Computing

2B Digital Media

2C Publishing

0,94 0,94

3 Pharmaceuticals & Healthcare

3A Healthcare

3B Pharmaceuticals

0,95

1,00 2,00 3,00 4,00

10,00

5,00

0,00

-5,00

-10,00

0,80 1,30

6,00

3,00

0,00

-3,00

-6,00

-9,00

1,20 2,20

4 Advanced Engineering & Marine

4A Advanced Engineering

4B Marine

0,90 1,00 1,10 1,20

5 Energy & Environment

5A Energy

5B Environment

1,40 1,60 1,80 2,00

6 Aerospace & Defence

6A Aerospace

6B Defence

Location

Quotient in HEA relative to South East (BRES, SE=1)

Financial & Professional Services

25,000 jobs

Around 1,600 businesses

£3.9 billion gross value added

Proximity to London

Financial & Professional Services

28,800 jobs

Around 7,700 businesses

£2 billion gross value added

ICT & Digital Media

30,500 jobs

Around 4,500 businesses

£2.2 billion gross value added

ICT & Digital Media

18,400 jobs

Around 1,800 businesses

£1.9 billion gross value added

Southampton Solent University

ICT & Digital Media - Publishing

4,800 jobs

Around 300 businesses

£310 million gross value added

Pharmaceuticals & Healthcare

7,500 jobs

Around 200 businesses

£580 million gross value added

Pharmaceuticals & Healthcare

79,100 jobs

Around 3,600 businesses

£1.9 billion gross value added

Southampton Hospitals

Portsmouth Hospitals

Private healthcare providers

Advanced Engineering & Marine

31,300 jobs

Around 3,400 businesses

£1.8 billion gross value added

Solent Enterprise Zone

Advanced Engineering & Marine

27,000 jobs

Around 1,300 businesses

£2.1 billion gross value added

Port of Southampton

Portsmouth Naval Base

National Oceanography Centre

Energy & Environment

6,700 jobs

Around 200 businesses

£1.2 billion gross value added

Energy recovery facilities

Energy & Environment

8,400 jobs

Around 700 businesses

£600 million gross value added

High recycling & energy recovery

Low landfilled waste

Aerospace & Defence

10,600 jobs

Around 200 businesses

£990 million gross value added

Farnborough Air Show

Aerospace & Defence

7,200 jobs

Around 50 businesses

£350 million gross value added

Strong MOD presence

Portsmouth Naval Base

Key assets

Source: Hampshire County Council

Tourism

• 4.1 million staying and 33.3 million day visitors

• Turnover of £2.8 billion

• 60,500 employed in tourism related jobs

• Rich accommodation, shopping, food and drink, attractions and entertainment offer

• 2 National Parks cover around 30% of the area

Value of Tourism

• Hampshire

• Dorset

• West Sussex

• Berkshire

• Surrey

• Wiltshire

• Isle of Wight

£1,991 million

£1,366 million

£917 million

£810 million

£781 million

£681 million

£442 million

Tourism – tourist attractions

550,000 • Paulton’s Park, Romsey

• Portsmouth Historic Dockyard

532,000

• Marwell Zoo, Winchester

• Royal Victoria Country Park, Netley

500,000

• Spinnaker Tower, Portsmouth

• Beaulieu, New Forest

• Queen Elizabeth Country Park, Horndean

344,000

• Winchester Cathedral

• Itchen Valley Country Park, Eastleigh

236,000

• Mottisfont, Romsey

530,000

390,000

352,000

331,000

162,000

Tourism - events

• Farnborough Air Show 209,000

• Goodwood Festival of Speed 181,000

• Goodwood Revival 146,000

• Southampton Boat Show 110,000

• New Forest and Hampshire County Show

104,000

• Isle of Wight Festival 55,000

• Beaulieu Autojumble 38,000

Tourism – sport events

• Cowes Week Sailing Regatta

• Premiership Football at Southampton FC

• League One Football at Portsmouth FC

• Ageas Bowl Home of Hampshire Cricket Club

• Fly-fishing on the world famous River Test

• British Touring Cars Championship at Thruxton

Circuit

• 2015 Rugby World Cup at St Mary’s Stadium

(tbc)

Port of Southampton

• Provides 5,100 direct jobs

• Turnover of £772 million

• 151,400 turnover per employee

• 1st UK port by cruise passengers

• 4th UK port by total tonnage

• 11th EU port by containers handled

• Base for a range of business activities

Southampton Airport

Provides 200 direct jobs

45,700 aircraft movements

1.8 million passengers

132 tonnes of cargo

Close to M3 and M27 motorway

Southampton Airport Parkway

18 th busiest airport in the UK

Bournemouth, Gatwick, Heathrow

Defence

• 12 key army, RAF and navy bases

• 26,100 military and civilian personnel

• 5,000 jobs associated with sub-contracting

• £820 million spend on salaries

• More than 10,000 hectares of defence land

• 300 aerospace and defence businesses

Defence

Higher Education

• 4 universities

• 69,000 students, 17,600 staff

• 12,100 international students

• Income of £766 million

• Southampton Science Park

• U2B collaboration

• 40% graduate retention

• Over 20 further education colleges

Foreign business in the region

North America, 74

Foreign business in the region

70 Boeing Defence, BAT, CooperVision, Estee Lauder, Virgin United States

Media

France

Veolia

Germany

Japan

Switzerland

Netherlands

Getronics

Sweden

Mast

Denmark

Canada

Finland

Italy

Norway

Hong Kong

Australia

China

Oman

Portugal

Other

6

2

2

10

3

2

2

5

4

4

4

4

13

10

7

6

13 AXA Winterthur, BNP Paribas, Vector Aerospace,

Capricorn Automotive, Gist, Linde, Merck, SPI Lasers

Fujitsu, MOL, Murata, Sony, Sumika Polymer Compounds

Zurich Insurance, Fischer Connectors, Ineos Oside, Swatch

Gemalto, Green Marine, NMT International Shipping,

Saab Seaeye, Skandia Life, Wallenius Wilhelmsen, Selden

Desmi Ro-Clean, Pentalver Transport, Vestas, Viking

Arquiva, Gennum, Peer1, Sun Life Financial

Huhtamaki, Kine, Nokia Siemens, Wartsila

Agustawestland, Bluerock Consulting, Polimeri, Prysmian

Aker Solutions, Hydroid, Kingsberg Maritime, Solent Towage

Conde, Multitone Electronics, OOCL

Absolute Distributors, Wightlink

Huawei Technologies, Lenovo Technology

B-N Group Britten Norman, Zawawi Family Britten Norman

Critical Software Technologies, Vitacress Salads

Austria, Belgium, India, Ireland, Israel, Luxembourg, Malaysia,

Singapore, Taiwan, UAE

Areas for growth - B Use Class

Source: Hampshire County Council

Areas for growth - retail

Source: Hampshire County Council

Areas for growth - housing

Source: Hampshire County Council

Download