Southampton and the future development seminar

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Blake Lapthorn solicitors' Real Estate team held a seminar on Southampton and the future development on 4 December 2009.

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Southampton and the future development seminar

  1. 1. Southampton & Future Development Presentation to Blake Lapthorn Real Estate 4 December 2009 Dawn Baxendale Assistant Chief Executive
  2. 2. South Hampshire Context The sub-region has a population of around 1m Workforce of 431,000 30,000 businesses £15.5 billion economy in 2006, forecast to rise to £28.3 billion by 2026 achieved by: - GVA growth per annum up to 3.5% - Improved productivity - 59,000 additional jobs - Business services, distribution, retail and tourism growth sectors
  3. 3. Southampton: some basic facts Population of 234,600 4.4 million people within 60 minutes drive time Workforce of 129,000 7,700 businesses Diverse economy based on business and finance based activities £4.5 Billion economy
  4. 4. Southampton and South Hampshire offer Good distribution network for UK and European markets World class university with expertise in electronics, optoelectronics, computing, oceanography, marine engineering Defence expertise Large numbers of students graduating Research focussed businesses Substantial development opportunities A growing local economy and City renaissance
  5. 5. Southampton: How do we compare? (1) Economic Activity and Employment Rates lower than many parts of the South East but compares favourably with larger cities Residents less likely to be employed in higher order occupations than many place in the South East Lower rates of NVQ3 and above achievement Disparity in wages between those who work here and residents in employment Relatively high levels of unemployment
  6. 6. Southampton: How do we compare? (2) Employment dominated by the public sector and finance, IT and other business activities Business start up rates fall well below those of the surrounding area and many other cities Despite universities, research centres and other assets knowledge economy not yet fully taken off
  7. 7. Southampton: How do we compare? (3) High levels of absence from school Low levels of attainment at GCSE – although improvements High level of NEETS Poor performance at KS2 and Maths Level 4 Despite universities, research centres and other assets knowledge economy not yet fully taken off
  8. 8. 12 How Are We Going to Succeed? Reduce Worklessness and Increase Employability Improve Qualifications and Skills Develop Enterprise Culture Bring forward employment land and infrastructure Strengthen City Image
  9. 9. Key Sites:
  10. 10. Northern Above Bar – the cultural quarter
  11. 11. Watermark West Quay : Central Site / Eastern Area
  12. 12. Ocean Village
  13. 13. Woolston Riverside – ‘Centenary Quay’
  14. 14. South Hampshire Strategic Employment Zone
  15. 15. Conclusions Southampton has significant potential for increasing the prosperity of residents, workers and business South Hampshire and local policy supports aspiration Approximately 20,000 jobs could come on stream in next 10 years Step change required to achieve this Importance of Business Relationships.

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