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Aylesbury Vale Councillor Update Economic Profile of Tingewick Ward

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Aylesbury Vale Councillor Update Economic Profile of Tingewick Ward Aylesbury Vale Councillor Update Economic Profile of Tingewick Ward April 2014 Produced by Buckinghamshire Business First’s research department P a g e | 2 1.0 Introduction Tingewick is home to 3,275 people and provides 2,000 jobs in 241 businesses. Of these businesses, 10 (4.1 per cent) are Buckinghamshire Business First members. There were 1,690 employed people aged 16-74 living in Tingewick ward at the 2011 Census, 175 more than the 1,515 recorded in 2001. Over that period the working age population rose 67 to 2,035 while the total population rose 205 to 3,275. The number of households fell by 118 (9.7 per cent) to 1,332. This is a fairly significant percentage increase and places the ward 9th out of all wards in Aylesbury Vale. Based on the increase in number of households, the ward ranks 20th out of all wards in Buckinghamshire. The largest companies in Tingewick include: Buckingham Group Contracting Ltd; Cartwright Landscapes; Chackmore C of E School; Finmere Fuels; Green Retreats LLP; Karavelle Ltd; and Quality Interior Components. There are 13 Tingewick, representing 0.6 per cent of working age residents, including five claimants aged 18-24 and ten who have been claiming for less than six months. Superfast broadband is expected to be available to 88 per cent of premises in the Tingewick ward by March 2016 with commercial providers responsible for 51 per cent. The Connected Counties project, run by BBF, deliver the remaining 37 per cent through its interventions in Buckingham, Crackley, Finmere and Syresham exchange areas. BBF is seeking to deliver an extended superfast footprint via additional funding, adaptation of downstream technology and contract claw-back mechanism. At the time of the 2001 Censusi, of the 1,553 employed residents, 478 people lived and worked in the ward, with the most common destinations by local authority district being: Aylesbury Vale (882, 54.2 per cent) Milton Keynes (164, 10.1) Cherwell (134, 8.2) South Northamptonshire (111, 6.8) Oxford (39, 2.4) Wycombe (25, 1.5) Dacorum (21, 1.3) City of London (21, 1.3) P a g e | 3 2.0 Industrial structure There are 241 businesses located in Tingewick employing 2,000 people. Of these businesses, 193 are micro businesses, employing fewer than 10 people. Tingewick is over-represented in Construction which makes up 16.8 per cent of employment ranking the ward 514th out of all wards for employment in the sector. Tingewick is also notably over-represented in business administration & support services which account for 21.5 per cent of employment. This ranks the ward 298th out of all wards Tingewick is over-represented in a number of other sectors however none of which account for as high a proportion as the former two. One such sector is wholesale which makes up 7.7 per cent of employment and ranks the ward 1,305th out of all wards. Chart 1: Industrial Structure Index, 2012 (GB=100) Agriculture, forestry & fishing Manufacturing Construction Motor trades Wholesale Retail Transport & storage Accommodation & food services Information & communication Financial & insurance Property Professional, scientific & technical Business administration & support services Public administration & defence Education Health Arts, entertainment, recreation & other services 0 50 100 150 200 250 300 350 400 Source: BRES, ONS, 2013 Public administration and defence accounts for only 0.1 per cent of employment in the ward ranking it 5,252nd out of all wards. Further under-representation includes financial and insurance which accounts for only 0.5 per cent of employment in the ward. This ranks Tingewick at 3,919th out of all wards for employment in the sector. P a g e | 4 2.1 The Industrial Strategy and the Plan for Growth Plan for Growth and the Industrial Strategy set out policies to realise this objective and to rebalance the economy, which include focusing on sectors expected to deliver strong -represented in these sectors, particularly aerospace, the information economy and professional and business services. While Tingewick provides jobs in these sectors, the industrial strategy sector where the ward delivers the highest share of national employment is professional & business services, which accounts for 19.6 per cent of employment, ranking Tingewick at 801st among English wards. The proportions of jobs in Tingewick in Industrial Strategy sectors are presented in Table 1. Table 1: Employment in selected industrial strategy sectors, 2012 Education Professional and BusinessServices Construction Information Economy Aylesbury Vale 10.1 16.3 5.4 2.7 Buckinghamshire 9.3 15.0 5.5 4.4 England 4.6 12.9 4.6 3.0 Tingewick 3.4 19.6 16.2 3.0 Source: BRES, ONS, 2013 At 16.2 per cent, the proportion of Tingewick education sector is the 553rd highest of all wards in England, the proportion is below that of both the country level and the district level. 3.0 Labour market At 71.0 per cent of 16-74 year olds, Tingewick the country. Tingewick has a proportion of 35.8 per cent of its residents qualified to degree level or higher. Furthermore, 53.5 per cent work in managerial, professional or technical occupations. In Aylesbury Vale the wards most similar to Tingewick are Brill, Marsh Gibbon and Aston Clinton with 19 of the other 35 wards among the top thousand closest matches. The least similar ward in the district is Southcourt, one of three wards in Aylesbury to rank lower than the 6,000th closest match along with Gatehouse and Quarrendon. P a g e | 5 Table 2: Tingewick Self-employed 1-3 SOCs NVQ4+ age Working Employmentrate Ward Name Home from Work Tingewick 9.8 17.6 53.5 35.8 62.1 71.0 Brill 8.5 18.9 52.4 37.1 61.8 71.5 Marsh Gibbon 8.7 16.3 54.6 36.5 63.4 74.1 Aston Clinton 7.1 15.0 55.3 36.6 62.7 68.9 Stewkley 10.3 18.9 51.4 38.0 60.7 68.3 Long Crendon 9.1 16.6 57.5 42.3 61.0 68.8 Source: Census, 2011 Tingewick has a high level of those who work from home and are self-employed. Furthermore, as stated previously, the ward has a high level of those educated to degree level or higher and those working in managerial, professional and technical roles. Tingewick looks to have aa high employment rate but fairly low level of working age residents. Chart 2: Tingewick Work from Home 100 75 Employment rate 50 Self-employed 25 0 Working age SOCs 1-3 NVQ4+ Source: Census, 2011 P a g e | 6 4.0 Occupational Structure Tingewick remunerated occupations, with 53.5 per cent of working residents employed in managerial, professional and technical occupations, ranking in the top quartile nationally for each. In contrast Tingewick ranks in the bottom quartile for other occupations, with only 6.2 and 4.0 per cent of working residents employed in caring occupations and process plant & machinery operatives respectively. Chart 3: Tingewick structure, 2011 1. Managers, directors and senior officials 100 9. Elementary occupations 2. Professional occupations 75 50 8. Process plant and machine 25 3. Associate professional and operatives technical occupations 0 7. Sales and customer service 4. Administrative and secretarial occupations occupations 6. Caring, leisure and other 5. Skilled trades occupations service occupations Source: Census, ONS, 2011 5.0 Deprivation Buckinghamshire has the lowest level of economic deprivation of any Local Enterprise Partnership, with Aylesbury Vale having the 37th lowest economic deprivation of all 326 local authority districts in England, behind South Bucks (10th) and Chiltern (13th) but ahead of Wycombe (69th). Chart 4 wards among the least deprived in England with 17 of the 36 wards featuring among the least deprived 10 per cent of all wards in England and only six ranking among the most deprived half of English wards, a stark contrast to the London Borough of Newham where no ward ranks above halfway, highlighting the challenge Aylesbury Vale faces to attract resource tackle deprivation. P a g e | 7 Tingewick has the 1,853rd lowest economic deprivation of the 7,707 wards in England and the 24th least economically deprived of the 36 Aylesbury Vale wards. Tingewick is the 70th least economically deprived among the 108 ward in Buckinghamshire. The position of ds in England is shown in below, with Tingewick one of the seven third least deprived decile. Chart 4: Relative economic deprivation of Aylesbury Vale wards by English decile, 2009 18 16 14 12 10 8 6 4 2 0 Most Least deprived deprived Source: DCLG, 2012 Tingewick ranks 5339th out of all wards in England based on the Index of Multiple Deprivationii; this makes it among the least deprived decile in England, well below Aylesbury Vale 6006th, demonstrating that the ward is more deprived than the district as a whole. P a g e | 8 Chart 5: Comparative deprivation by IMD domain in Tingewick IMD 100.0 Living environment 75.0 Income 50.0 25.0 Crime 0.0 Employment Housing Health Education Source: DCLG, 2010 The wards in Aylesbury Vale most closely matching Tingewick deprivation profile are presented in Table 3. Nationally, the closest matches are Walgrave (Daventry), Tanworth (Stratford-on-Avon and Elstree (Hertsmere), while Pitstone and Great Horwood are the most similar in Aylesbury Vale ranking as the 27th and 51st most similar of all English wards. Of the 36 Aylesbury Vale wards 17 are among the 1,000 best matches including three in the top 100, however Southcourt is only the 6,230th closest match.
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