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Aylesbury Vale Councillor Update Economic Profile of Stewkley Ward

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Aylesbury Vale Councillor Update Economic Profile of Stewkley Ward Aylesbury Vale Councillor Update Economic Profile of Stewkley Ward April 2014 Produced by Buckinghamshire Business First’s research department P a g e | 2 1.0 Introduction Stewkley is home to 3,011 people and provides 500 jobs in 132 businesses. Of these businesses, 10 (7.6 per cent) are Buckinghamshire Business First members. There were 1,472 employed people aged 16-74 living in Stewkley ward at the 2011 Census, 35 more than the 1,437 recorded in 2001. Over that period the working age population fell 15 to 1,829 while the total population rose 54 to 3,011. The number of households rose by 36 (3.2 per cent) to 1,137. ward 20th out of all wards in Aylesbury Vale. The increase also places the war 72nd out of all wards in Buckinghamshire for growth in number of households. The largest companies in Stewkley include: Swanbourne House School; Mayhem Productions; Commercial Marine & Piling Ltd; St Michaels C of E Combined School; Swanbourne C of E School; Sysdoc Ltd; and Thomas Faulkner & Sons Ltd. There are 14 Stewkley, representing 0.7 per cent of working age residents, including five claimants aged 50 and over and five who have been claiming for more than 12 months. Superfast broadband is expected to be available to 29 per cent of premises in the Stewkley ward by March 2016 with commercial providers responsible for 0 per cent. The Connected Counties project, run by BBF, deliver the remaining 29 per cent through its interventions in Stewkley, Aylesbury, Cholesbury, Stoke Mandeville, Tring and Wendover 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 1,566 employed residents, 469 people lived and worked in the ward, with the most common destinations by local authority district being: Aylesbury Vale (798, 51.0 per cent) Milton Keynes (190, 12.1) Central Bedfordshire (100, 6.4) Dacorum (81, 5.2) Wycombe (36, 2.3) Westminster (29, 1.9) Luton (22, 1.4) Bedford (21, 1.3) P a g e | 3 2.0 Industrial structure There are 132 businesses located in Stewkley employing 500 people. Of these businesses, 112 are micro businesses, employing fewer than 10 people. Stewkley is over-represented in Education due to the abundance of schools and colleges both public and private in the area. Education makes up 49.1 per cent of employment in the ward which ranks it at 167th of all wards for employment in the sector. Other over- representation is found in construction (8.4 per cent), property (2.7 per cent) and the professional, scientific and technical sector (12.0 per cent). The distribution of employment across industry is indexed against Great Britain in Chart 1 below. 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 Education Health Arts, entertainment, recreation & other services 0 100 200 300 400 500 600 Source: BRES, ONS, 2013 All other industrial sectors appear to be under-represented in Stewkley, the most notable of which being Financial and Insurance which makes up only 0.2 per cent of employment. This ranks the ward 5,367th 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 Stewkley provides jobs in these sectors, the industrial strategy sector where the ward delivers the highest share of national employment is education, which accounts for 49.0 per cent of employment, ranking Stewkley at 263rd among English wards. The proportions of jobs in Stewkley 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 Stewkley 49.0 13.7 8.0 2.3 Source: BRES, ONS, 2013 At 8.0 per cent, the proportion of Stewkley construction sector is the 2,217th highest of all wards in England, the proportion is below that of the country, district and country level. professional and business services and the information economy at 13.7 per cent and 2.3 per cent respectively. 3.0 Labour market At 68.3 per cent of 16-74 year olds, Stewkley the country. Stewkley has a proportion of 38.0 per cent of its residents qualified to degree level or higher. Furthermore, 51.4 per cent work in managerial, professional or technical occupations. In Aylesbury Vale the wards most similar to Stewkley are Quainton, Long Crendon and Haddenham with 12 of the other 35 wards among the top thousand closest matches. The least similar ward in the district is Soutcourt, one of four wards in Aylesbury to rank lower than the 6,000th closest match along with Walton Court & Hawkslade, Gatehouse and Quarrendon. P a g e | 5 Table 2: Stewkley Self-employed 1-3 SOCs NVQ4+ age Working Employmentrate Ward Name Home from Work Stewkley 10.3 18.9 51.4 38.0 60.7 68.3 Quainton 9.5 20.0 54.6 38.9 61.7 67.2 Long Crendon 9.1 16.6 57.5 42.3 61.0 68.8 Haddenham 7.9 15.1 54.9 40.4 60.8 68.8 Brill 8.5 18.9 52.4 37.1 61.8 71.5 Tingewick 9.8 17.6 53.5 35.8 62.1 71.0 Source: Census, 2011 Stewkley 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. Stewkley looks to have an average employment rate and level of working age residents. Chart 2: Stewkley 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 Stewkley remunerated occupations, with 51.4 per cent of working residents employed in managerial, professional and technical occupations, ranking in the top quartile nationally for managerial occupations and the second quartile for professional and technical occupations. In contrast Stewkley ranks in the bottom quartile for other occupations, with only 5.1, 3.9 and 6.9 per cent of working residents employed in sales/customer service, process plant and machinery operating and elementary occupations respectively. Chart 3: Stewkley 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 Stewkley has the 320th lowest economic deprivation of the 7,707 wards in England and the 5th least economically deprived of the 36 Aylesbury Vale wards. Stewkley is the 22nd least economically deprived among the 108 wards in Buckinghamshire. The position of ds in England is shown in below, with Stewkley one of the 17 wards 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 Stewkley ranks 6,429th 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 less deprived than the district as a whole. P a g e | 8 Chart 5: Comparative deprivation by IMD domain in Stewkley 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 Stewkley deprivation profile are presented in Table 3. Nationally, the closest matches are Hertford Rural North (East Hertfordshire) and Welford (Daventry), while Marsh Gibbon and Quainton are the most similar in Aylesbury Vale ranking as the 5th and 27th most similar of all English wards. Of the 36 Aylesbury Vale wards 22 are among the 1,000 best matches including three in the top 100, however Southcourt is only the 6,338th closest match. Table 3: Deprivation Nearest Neighbours Income Employment Health Education Housing Crime Living environment Ward IMD Stewkley 19.0 7.8 3.9 6.8 6.6 93.7 7.3 32.9 Marsh Gibbon 17.9 3.9 1.2 4.1 13.9 91.3 11.3 38.3 Quainton 9.2 4.9 15.8 11.0 8.8 81.9 3.5 28.3 Brill 19.7 14.8 5.5 21.7 18.3 89.3 17.9 28.7 Wingrave 17.9 9.2 6.1 7.1 16.7 89.6 26.8 13.6 Grendon Underwood 29.9 4.4 2.6 18.4 29.7 97.2 13.9 27.8 Source: DCLG, 2010 P a g e | 9 6.0 Demography At 41.8 years, Stewkley above the 40.0 recorded across Aylesbury Vale as well as the county average of 41.0.
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