Latest economic update makes good reading

On Thursday, our latest economic update, which makes encouraging reading, goes before the county council’s Prosperous Staffordshire Select Committee.

Highlights include that more jobs are being created at business development sites with county council involvement and its skills programme is exceeding its target.

This is encouraging news for the county and something we’ve been focusing on for a number of years now. We’ve already got near full employment in Staffordshire but we will continue our work in supporting growth in higher value sectors and creating better skilled, better paid jobs.

A recent example of a site developed with county council investment is Innovation Centre 5 (IC5) at Keele Science and Innovation Park. When the business case was put forward it was estimated that 120 people would be employed there when full but there are now 160 skilled employees on site.

The update definitely demonstrates that businesses want to invest here and that our skills programme is making a real difference. It also shows how good private and public sector partnerships is vital in ensuring projects happen and achieve their aim. 

The total value of the county economic growth programme is around £477.6 million, which includes £81.9 million direct investment by the county council. Furthermore, for every £1 investment by the county council in current live projects, £9.22 additional funding is levered in.

Our work to create more better paid jobs in Staffordshire and to make sure people have the skills to do them is paying off.

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