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Unlocking the Potential of the M40 Corridor for Cherwell

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Unlocking the Potential of the M40 Corridor for Cherwell The British Property Federation – Delivering the Goods – 2015 Unlocking the Potential of the M40 Corridor for Cherwell The sector is modernising and pushing technological boundaries to meet rising demand and supply challenges. This is driving the need for more employees to respond to increased technological efficiency The logistics industry plays an The potential of the M40 Corridor as well as demand for skilled important role both in its own right employees in electrical and in supporting other sectors to Cherwell has the potential to attract major and mechanical engineering, IT function through movement of goods employers to the District for a number of reasons, including: - and analytics. and components. Leeds (4 hours 15 mins drive from Banbury) • 75% of the UK’s population is accessible within 4 hours by road, with major economic centres of M65 London and Birmingham under 2 hours by road M62 Logistics – Fast Facts • The M40 is less congested than the M1, which M61 M62 Liverpool M1 M180 (4 hours drive M18 can save businesses involved in the advanced from Banbury) M60 logistics and supply chain sectors millions of 31% employment 2.2 million jobs M62 pounds per year Manchester M53 M56 (3 hours 54 mins drive growth Employment in the sector is from Banbury) • Cherwell District’s connectivity to the rest of estimated at 2.2 million, or 8% of UK’s M6 the highways network is unparalleled, with the The rate of employment growth in the sector workforce, when including logistics A43 dual carriageway connecting the M40 to (31%) is projected to exceed the national operations of other sectors the M1 in roughly 25 minutes, and the A34 dual average (20%) between 2013 and 2035. M1 carriageway connecting the M40 and M4 in East Midlands (2 hours 1 mins drive approximately 30 minutes from Banbury) £28,000 7% average M54 M6 M42 average salary salary growth M69 M6 A1(m) Birmingham M42 The average salary has grown at a (1 hr 31 mins drive DIRFT In 2015, average salaries in the sector (£28,000) from Banbury) (44 mins drive higher rate (7%) over the last five from Banbury) were above the national average (£20,000). M5 years than the national average (3%). M1 M40 M11 Cherwell District Felixstowe Council Boundary M1 A1(m) (4 hours 9 mins drive from Bicester) London Luton London Stansted (1 hr 50 mins drive (2 hours 34 mins Avonmouth from Bicester) drive from Bicester) The transferable skills I’ve learnt at BTS will (2 hours 46 mins M5 drive from Bicester) M40 M25 M4 London give me a great head start when trying to enter London Heathrow (2 hours 25 mins (1 hr 31 mins drive drive from Bicester) M25 a career in the logistics sector, I can’t wait to be M4 from Bicester) London Gateway (2 hours 46 mins M4 drive from Bicester) involved in such a fast growing industry. Bristol (2 hours 43 mins M2 drive from Bicester) M25 M20 M3 M23 M5 London Gatwick (2 hours 29 mins We’d love to hear from you! drive from Bicester) Bicester Technology Studio: 01869 203 012 For general enquiries or feedback, Bicester Vision: 01869 324244 please feel free to contact our M27 Southampton BIS Henderson: 01604 876345 information line on 0844 556 3002 (2 hours 31 mins db symmetry: 01604 330630 (Monday to Friday, 9.00am – 5.30pm) drive from Bicester) Thank you for coming! 31381_dbs_Public_Committee_Brochure_AW.indd 1 16/11/2017 18:01 A clear vision for Cherwell Logistics – There are more full-time employees in logistics than the Job creation the Truth National Average! • At present, too many people commute out of the A lower proportion of logistics employees work on District for work. As Cherwell strives for prosperity a part time basis compared to the national average. and economic growth, job creation is essential to Around 15% of employees work part time, compared ensure this does not continue. A healthy logistics industry can be to 32% nationally across all sectors. Part time a great benefit to Cherwell employment in the sector has also been decreasing • The District’s unrivalled proximity to the M40 in comparison to the national level. provides the opportunity both to attract major As well as delivering direct employment opportunities [source: British Property Federation 2015] employers to the District, and also to meet the and investment, the logistics sector makes a huge growing needs of existing businesses, but only if contribution to the national economy and supports modern employment space is provided. the supply chains of key business that underpin the • Research by PROLOGIS (2015) shows that 50% of success of the local economy, such as Jaguar Land Experience in logistics can logistics roles are made up of managerial, office- Rover and BMW. Further, a healthy logistics industry open new doors in the future based and other roles, helping to attract local can bring new business for other sectors, from printing residents and graduates who may otherwise look and design to vehicle maintenance, unlocking more Training in the logistics sector can provide to relocate to the economic centres of Oxford growth in the region. employees with the flexibility to specialise in a field or London. of their choosing and develop a range of transferable 600,000+ 75% skills, opening new doors down the line and • Businesses in the sector recruit from within the vehicles pass of UK population fast-tracking successful careers. local area, with the availability of a local labour through the M40 reachable within force, including from planned and future housing The logistics industry offers a every week 4 hours growth, a key factor in their decision-making huge variety of employment process. By recruiting primarily from the local area, Salaries in the logistics sector are logistics operations can bring substantial opportunities, many of which are above the National average, and additional benefits, known as multipliers, high-skilled growing faster! Local Plan through employee spend. The advanced logistics sector employs staff across With thousands of different roles within the Cherwell’s Local Plan, which sets out the District’s • The economic benefits of delivering modern a broad skills set, including Supply Chain Managers, logistics industry, there is great variety in the planning strategy for the period 2011 – 2031, has employment space will be felt almost immediately Engineers and IT Technicians. Many of these roles skills, qualifications and experience of employees. allocated land on the outskirts of its towns for through job creation in the construction sector, and require professional training qualifications through the There is a perception that salaries in the sector employment use. during occupation and operation of sites with local Chartered Institute of Logistics and Transport (CILT are low, but data from the Annual Survey of Hours businesses servicing developments through the While employment developments close to existing UK), whilst managerial roles usually require a degree and Earnings show that average logistics salaries supply chain – growth supports growth. town centres will suit small occupiers with a local and significant professional experience. are above the national average: £28,000 compared reach, Cherwell’s long-term growth ambitions to £20,000. The average salary in logistics also require a vision that stretches beyond servicing grew at a higher rate (7%) from 2009-2014 than the local economy to competing on the regional Challenges for Cherwell the national average (3%). and national stage. [source: British Property Federation 2015] Located on the M40 motorway, where over 600,000 • Cherwell’s population is growing and the Council vehicles pass every week and where 75% of the UK is required to deliver 27,000 new homes, plus a population can be reached within 4 hours, Cherwell’s share of Oxford’s unmet housing need, by 2031. Automation (the use of robotics to location on the strategic motorway network provides New residents will need new jobs to ensure perform basic tasks) is helping to A lot more goes on inside ‘sheds’ a lucrative opportunity to attract large-scale that Cherwell’s level of out-commuting does not employers with a national reach. increase, and that growth delivers economic create jobs, not take them than storage and distribution… prosperity for the District, rather than investment Could strategic motorway networks be better being directed toward neighbouring authorities. Automation (the use of robotics to perform Planning classifications (B1, B2, B8) are outdated, as is utilised to attract major investment to the District basics tasks) is now commonplace among major the assumption that industrial floorspace is suitable only and deliver strong employment growth over the • A significant proportion of the workforce in e-commerce businesses and, although robots can for storage and distribution. In fact, these developments Local Plan period? Cherwell work in the public sector, which is locate and move products, they are unable to replace provide the space, location and flexibility for a range of expected to shrink in the coming years, the vast majority of roles. Rather, automation is employers to operate and thrive, like Bentley Designs, a according to Cherwell’s Local Plan. improving efficiency and productivity, and maximising furniture designer and manufacturer that has chosen to space which, in turn, requires a greater number of staff re-locate its head office to Bicester. Furthermore, while • Competition from other regions that are already to process, quality check and fulfil orders. a development may be classed as B8, ancillary Grade A providing the infrastructure and employment office accommodation often comprises 10% or more of space required to attract large-scale employers. the total floorspace, representing significant delivery. 31381_dbs_Public_Committee_Brochure_AW.indd 2-3 16/11/2017 18:01.
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