Moving forward in the recession Supporting businesses Rob Pickering Assistant Director, Economic Futures Salford City Council.

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Presentation transcript:

Moving forward in the recession Supporting businesses Rob Pickering Assistant Director, Economic Futures Salford City Council

Our response has developed… Cabinet Credit Salford Salford Strategic Partnership Recession Task Group Audit Commission Crime & Disorder Reduction Partnership

Moving forward in recession… In Salford, monitoring undertaken on a ‘dashboard’ of indicators: Job Seekers Allowance Notified Redundancies Trading Conditions Homelessness

Salford JSA claimant rates Salford GM NW UK

Notified redundancies Jul 2009: 181 Notified redundancies Q1 2009: 489

Trading conditions Salford has a higher than average percentage of businesses at above average risk with 63% (GM Average 57%) Confidence is starting to pick up in most sectors Cash flow improving but long way to go Manufacturing only operating at 16% capacity and are freezing prices to remain competitive

Homeless presentations / Acceptances YearPresentationsAcceptancesAcceptance Rate Per ‘000 households 2006/ % / % / % /10 (Q – ) %N/A

Recession Impact Monitoring to Monitoring Homelessness presentations 174Of which, for mortgage arrears 10.57% Homelessness acceptances 93Of which, for mortgage arrears 11.08% Housing Advice presentations 502Of which, for mortgage arrears 51.00% Total Number on Waiting List17, 993 households

Arrears and repossessions – Spatial mapping

Some initial key actions included: Assisting firms in difficulties Promoting the take-up of benefits Providing more homelessness advice Boosting affordable warmth programme Working with developers to keep regeneration moving Looking at Local Authority mortgages Encouraging SME’s to bid for work in the public sector Progressing key regeneration schemes, e.g. MediaCity:UK

Investing in business Buy local campaign Public sector contracts Pay suppliers promptly Work advice and support Business start up support for people being made redundant

But the recession will end… Reduce its impact nowReduce its impact now - Cabinet Work-plan - Partnership Priorities Plan Keep moving forwardKeep moving forward -Salford West Regeneration Framework -Central Salford Regeneration Framework Plan for the futurePlan for the future -Salford Economic Development Plan - Employment Land Review -Local Development Framework

So we will… ‘… create a robust, growing and dynamic City economy that plays a leading role at the heart of Greater Manchester and meets the needs and aspirations of Salford people’ Salford Economic Development Plan