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Retailing and Welsh Agriculture
The document discusses the importance of retailing to the Welsh rural economy. Some key points made include: - Retail accounts for 10% of GDP and employment in Wales. - There are nearly 9,000 retail businesses and over 13,000 retail premises in Wales. - Cardiff is a major retail destination and has seen strong economic growth. - Rural retail services like shops, post offices, and petrol stations are vital for rural communities. - Partnerships between large retailers and small, local suppliers can help strengthen the Welsh economy and supply chain.
Retailing and Welsh Agriculture
- 1. Retailing: Its Importance to the Welsh Rural Economy Jane Bevis Director of Public Affairs
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- 5. Retail in Wales •The retail sector generates 10% of the Gross Domestic Product of Wales compared with 7% for the UK as a whole. • Retail employment accounts for around 10% of total Welsh employment. • There are 8,965 retail businesses in Wales operating from 13,670 premises. • Approximately 12 per cent of business establishments in Wales are retail, accounting for 5% of the UK total • Cardiff is the sixth most important retail destination in the United Kingdom
- 6. Serving Welsh RetailMarkets
- 7. Cardiff as aRetail Flagship 9000000 8000000 7000000 6000000 5000000 4000000 3000000 2000000 1000000 0 Belfast Cardiff Liverpool Manchester Glasgow Birmingham Population Regional population Catchment population Overnight visitors
- 8. Anatomy of aWelsh Consumer • Unemployment in Wales 8.4% v 7.9% UK average • 21.1% Welsh children in workless households cf 16.2% in NI, 15.9% in England, 15.3% in Scotland • Median gross weekly earnings £456 v £487 in Scotland and £442 in NI • Labour productivity 15.9% below UK average • GVA growth Cardiff 91%, London 118%, Belfast 99%, Birmingham 74%
- 9. Spending power GVA 25000000000 20000000000 15000000000 10000000000 5000000000 0 Belfast Cardiff Liverpool Manchester Glasgow Birmingham GVA
- 10. Vision for Countyand Market Towns • A Unique Sense of Place • Attractive Public Realm • Planning for Success • Safety and Security • Accessibility • Supportive Regulatory and Fiscal Regimes
- 11. Rural Services inWales: Retail Rural Retail S ervices 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Specialist General Post Office Food outlets Petrol Pharmacy Pub Farmers' Bank stores stores station with market shop
- 12. Rural Service inWales: Non-retail R ural Non- retail S ervices 120% 100% 80% 60% 40% 20% 0% Primary Secondary GP surgery Day care Dentist Meeting room Bus service school school group
- 13. Impact of CommunitySize Community S ize and Retail S ervices 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Food shop General store Post Office Under 1000 1000-2000 2000-4000
- 14. Promoting diversification andrural quality of life • Strong community co-operation and cohesion, established partnerships • Established tourism destination and developing green tourism • Service sector opportunities, including developing local markets for local produce
- 15. Promoting diversification andrural quality of life • Diversification into non-agricultural activities • Support for micro-enterprises • Encouragement of tourism • Basic services for economy and local people, including transport and broadband • Upgrading rural heritage • Skills and training
- 16. Retail and ruraldevelopment • Food and Drink Supply Chain is vital to Welsh economy – 230,750 employees, with a combined turnover £6.5bn – 44% of retail employees involved • Food, Retail, Leisure and Tourism all Tier 2 sectors in WG Economic Renewal plan – Only manufacturing given high priority focus • Retail links to both Food and Tourism – Visitor spend on accommodation doubled when retail spend considered
- 17. Retail Supply ChainPartnerships Dedicated Local Sourcing Team • Dedicated local sourcing team identifying local products, working with small suppliers. • Enlists support of regional food groups, Asda local hub network, customers and colleagues to discover essential local brands. • Very small local suppliers need cheap, easy and risk-free as possible business so: – Promise to support local products to ensure they are a success – Local vendors don’t need electronic information systems, just internet – Reduced payment terms, easing cash flow
- 18. Retail Supply ChainPartnerships Working with Small Producers • M&S worked with Welsh small supplier, Ultrapharm, to develop a range of ‘Made Without Gluten’ products. • Ultrapharm has now built a high-specification bakery unit, with new equipment and a first class working environment. Marc Lewis, CEO of Ultrapharm M&S has helped us enormously to achieve the high standards it requires from its suppliers. With their guidance we’ve made a huge leap forward not only in terms of capacity, but also with regards to the range of products we can make.
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Editor's Notes
- #17 ‘ the sectors typically contain higher-skilled jobs than the average The sectors typically contain higher paid jobs than the average But 4 in 10 16-19 year olds in work, in retail 1 in 6 people with no formal qualification, 1 in 7 people with NVQ Level 1 qualifications work in retail Retail invests £1275 pp pa in training, more than manufacturing or financial services