'Wycombe had weakest economy in UK before recession' (From Bucks Free Press)
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'Wycombe had weakest economy in UK before recession'
9:00am Friday 17th February 2012 in News By James Nadal
Between 2004 and 2009 18,000 jobs were lost - 17.1 per cent of employment.
WYCOMBE suffered the worse job losses anywhere in the country during the boom times, before recession hit, a report says.
Between 2004 and 2009 18,000 jobs were lost - 17.1 per cent of employment.
But bosses at Wycombe District Council were unaware of the situation until 2010, the economic report found.
The report said: “This is the weakest performance of any local authority district in Great Britain.
“Over the same period Chiltern and Aylesbury Vale lost 4.8 per cent and 1.2 per cent of jobs respectively.
“South Bucks added 2,000 jobs or 5.7 per cent and total employment in Great Britain rose by 0.8 per cent.”
The outlook now is still gloomy according to the group of councillors who have undertaken a detailed study on the district's economy.
The Employment and Economy Task and Finish Group reports that total employment in Buckinghamshire is not forecast to return to pre-recession levels until 2015 and in Wycombe not until 2018.
The review group, headed by Conservative Cllr Roger Colomb, identified various reasons for the poor performance.
House prices were on average £50,000 higher in Aylesbury Vale during this period, making it harder for potential firms to attract the staff they needed.
Between 2004 – 2008 the council's focus was on the Eden Shopping Centre and “insufficient attention was given to developing actions to halt the significant job losses,” the report stated.
There was a lack of a cohesive strategy and communication between council departments on economic development, it added, while large companies were not given the certainty they needed on land becoming available.
Greater attention needs to be paid to specific wards in future, the research showed, citing unemployment in Oakridge and Castlefield as the highest.
The scrapping of the Booker stadium proposal for Wasps and Wycombe Wanderers was highlighted as another blow to the economy.
Cllr Colomb said: “The thing we feel most strongly is it's a very competitive world, it's no good sitting back.
“We have go to go out and fight to get people.
“We have to use every trick in the book to attract them (businesses).”
Cllr Colomb wants Bucks New University to do a study for WDC looking at why the Thames Valley has been so much more successful.
“The commercial property agents said it's a shame the M40 is not the M4 because it seems to be a magnet which attracts,” he said.
“We should study what it is that makes the companies locate to the M4 corridor so we can consider if there’s anything we can do to make Wycombe more attractive,” he said.
Cllr Colomb said the plans for the new Handy Cross sports centre, which includes offices, was the kind of scheme required.
WDC Leader Cllr Alex Collingwood said economic regeneration is the focal point of his administration and adopted the group's raft of recommendations.
Comments are closed on this article.
Comments (19)
9:47am Fri 17 Feb 12
townraider says...
Seems they have spent far to long on aspirational projects and cost cutting 9even in the good times) rather than delivering new businesses that employ lots of local people.
11:46am Fri 17 Feb 12
wayneo says...
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I work off of the M4 corridor and it is much busier than the M40, sometimes taking 50 minutes to get to Slough , it's quite simple why Companies seek to locate to Slough or Maidenhead, it's called Heathrow. Wycombe is a magnate for the smaller business not multinationals, to simply make land available will not bring large companies here and it won't solve the problem of jobs in the town. The Council now, is thankfully starting to look towards regeneration, encouraging businesses and good transport links with the likes of the sports centre development and the Hughenden quarter is a good start but again, one of the biggest challenges that this report appears to have not touched upon, is that the skills of locals doesn't match the needs of the businesses that the Council is trying to encourage here, in other words, resolve the issue regarding the skills market first.
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12:56pm Fri 17 Feb 12
yog says...
But they are still just talking about it instead of taking action.
We need an urgent task force to get into our schools,colleges and University to educate our youngsters on how they can start a new business and the help that is offered. Lets stop training them to be slaves to corporate monsters.
1:07pm Fri 17 Feb 12
J B Blackett says...
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Not sustainable whatever the short-sighted stupid politicians say (whoever they are). They have created this mess we are in - not the British people.
1:49pm Fri 17 Feb 12
gpn01 says...
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It's disappointing when a report of such importance includes elements that seem to be pased on unfounded opinions rather than actual facts.
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Cllr Colomb should read the WDC commissioned, Savill's 2010 report "Socio-Economic and Community Impact Assessment". It clearly describes BEST CASE (whereby Wanderers matchday attendance increased to 15,615 and London Wasps to 16,625) that the additional money brought into the area by away spectators would be £210,000 PER YEAR. I don't know what London Wasps's current attendence is - at the time of the report the figure used was 8,542 which mean that attendance would need to double. Wycombe Wanderers current attendance average this season is 4,157 - at the time of the report 5,378 was used. This means that in order to secure the extra income to the area Wycome Wanderer's attendance would need to TREBLE. There isn't a stadium project anywhere in the UK that shows anything like that sort of uplift. In fact, look at Doncaster, Darlington, Swansea and Colchester to see the adverse effect a stadium could have.
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Yes, the area needs investment and businesses need WDC's support BUT it should only be given to serious business propositions. That's why WDC looks at the Business Case of such projects to ensure that time, money and effort is spent on those projects where there is a sound, viable, case. For the stadium project it was clear that it didn't make sense to proceed. Perhaps the kiling of the project when "just" £500,000 had been spent should feature in the report as an example of what the Council should strive to avoid?
1:55pm Fri 17 Feb 12
Voyeur says...
What the Council needs to do is promote the area in growth industries like technology.
I expect they will have a similar policy for employment as they do towards affordable housing - just wait until it falls into their laps. All the hard miles performed by others.
3:08pm Fri 17 Feb 12
washondo says...
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It's now 2012 in case no-one noticed the report dates.
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Correct Voyeur, local industry was over-concentrated in too few industries and the losses in the paper and furniture industry during that period were hugely significant, but it appears diversification may have occurred in spite of WDC's taking their eye off the ball - unless of course, it was kicked by ----- -----.
5:14pm Fri 17 Feb 12
sai-diva says...
6:33pm Fri 17 Feb 12
J B Blackett says...
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All that's left a vestige from years and years ago within which self-important pompous undeserving councillors take it in turns to dress up in funny clothes and flaunt their egos in public and make vacuous speeches related to not much at all except for the occasional worthwhile charity (of their own choosing).
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Some of the WDC (ie Wycombe District Council) don't even live in the area - eg Reading or even further afield. So they don't relate to the Town at all - except at expense-claiming time and meeting so-called VIPs.
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Renaissance , Regeneration and Reformation are needed. Failing that - Revolution as in 'Arab Spring'.
6:35pm Fri 17 Feb 12
norma stitz says...
Is there any hope for Wycombe?
10:21am Sat 18 Feb 12
Marmite XO says...
These simpletons have bred and with the introduction of Jeremy Kyle and Sports Direct, the problem has got worse.
Anyone with half a brain had left. The only people coming are more thick inbreds or people who can't speak English - unable to realise they are making a massive mistake.
3:02pm Sat 18 Feb 12
J B Blackett says...
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The so-called 'inbreds' were imported from far and wide from across the whole country (and even further) in the 19th century - a lot from London or widespread impoverished rural areas which had suffered unemployment , persecution and starvation during in the 1820s and 30s subsequent to being put out of work via the Industrial Revolution , avaricious landowners and new farming methods.
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It's all in history books if one cares to read them.
3:15pm Sat 18 Feb 12
DonRockell says...
To add insult to injury our Council now want to Knock down a good chunk of the Sports Center to Build Offices that nobody will use.
We need our councils to start building small start up units to help new companies grow, cut Company Rates to help employment and to campaign for the same resources that much of the North has had lavished on it and squandered for as long as any of us can remember.
3:17pm Sat 18 Feb 12
DonRockell says...
To add insult to injury our Council now want to Knock down a good chunk of the Sports Center to Build Offices that nobody will use.
We need our councils to start building small start up units to help new companies grow, cut Company Rates to help employment and to campaign for the same resources that much of the North has had lavished on it and squandered for as long as any of us can remember.
Oh and for your information some of our families have been in the area for at least 900 years and counting
5:00pm Sat 18 Feb 12
J B Blackett says...
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Even the Parker Knoll firm (originated in Germany lasted less than 100 years , Gomms ( Oxon and Bucks) only got going large scale in the 1950s and now operates from Glasgow. Ercol (Ercolini) moved to Princes Risborough in 2001 after about 70 years in Wycombe.
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At now point did I intend to demean the name of long-established local (or any other) families). Unlike like some above.
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As your remarks about employment , I'm afraid to say I am less sanguine than most in spite of what local / national politicians and other idiots say.
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There is unemployment worldwide in nearly every country. Some countries export their unemployment problems to other countries. But the main and growing problem is too many people on the surface of the Earth and not enough work for them. There is no longer enough work for the under-skilled or general worker / labourer
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What happens next is anyone's guess , but no politician has the answer at the moment. The danger is that some pedagogue and his/her mates will claim they have - then the biomass will start on its short journey towards the centrifuge. I do hope religion does not play a role either.
Rgds
5:15pm Sat 18 Feb 12
washondo says...
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FYI the furniture industry was also largely driven by strike breakers from Wales. Need one say more? Where do you originate from Marmite?
7:45pm Sat 18 Feb 12
J B Blackett says...
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And even Marmite's origins were in Germany.
8:45pm Wed 22 Feb 12
wayneo says...
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http://neighbourhood
.statistics.gov.uk/H
TMLDocs/Local%20Prof
iles%20V5.0/Localpro
files.html
12:23am Thu 23 Feb 12
gpn01 says...
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The report only took into account local jobs without consideration of how many people use the area to live but commute elsewhere (e.g. Oxford, Reading and, oh yes...LONDON) Functioning as a commuter belt removes one of the premises of the report that house prices are too high - compared to Central London the local property market is quite the contrary.
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There's an emphasis on the desire to attract large employers but more and more employment is now achieved through entrepreneurs, startups, etc. who are, by their nature, not large. A recently published report by Gartner identified that 75% of the S&P 500 in 2020 won't yet exist. Whilst that's talking about the US marketplace it's likely that the UK will follow - and so there'll be a proliferation of small startups providing employment opportunities. If these are nurtured they'll then turn into the larger enterprises.
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The report also fails to take into account the opportunities affording by technology change and how investment in infrastructure capability would attract potential investors. Nor does it take into account technology initiatives that may create furher unemployment in the area - the launch of the G-Cloud Cloudstore initiative this weekend may spell the beginning of the end for Council datacentres.