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Chiltern Councillor Update Economic Profile of Penn and Coleshill Ward

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Chiltern Councillor Update Economic Profile of Penn and Coleshill Ward Chiltern Councillor Update Economic Profile of Penn and Coleshill Ward April 2014 Produced by Buckinghamshire Business First’s research department P a g e | 2 1.0 Introduction Penn and Coleshill is home to 4,510 people and provides 1,200 jobs in 84 businesses. Of these businesses, 20 (23.8 per cent) are Buckinghamshire Business First members. There were 3,207 employed people aged 16-74 living in Penn and Coleshill ward at the 2011 Census, 44 more than the 3,163 recorded in 2001. Over that period the working age population fell 48 to 2,675 while the total population rose 154 to 4,510. The number of households rose by 104 (6.2 per cent) to 1,790. This is a significant percentage increase and places the ward sixth out of all wards in Chiltern. Based on the increase in number of households, the ward ranks 37th out of all wards in Buckinghamshire. The largest companies in Penn and Coleshill include: Securon (Amersham); Monitran; Alfriston Special School; Alde House; Cool Gardens Landscaping; Nicholas King Homes PLC; and Rushymead Day Hospice. There are 21 Penn and Coleshill, representing 0.8 per cent of working age residents, including 10 claimants aged 25-49 and five who have been claiming for more than twelve months. Superfast broadband is expected to be available to 88 per cent of premises in the Penn and Coleshill ward by March 2016 with commercial providers responsible for 68 per cent. The Connected Counties project, run by BBF, deliver the remaining 20 per cent through its interventions in Beaconsfield and Holmer Green 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 2,112 employed residents, 559 people lived and worked in the ward, with the most common destinations by local authority district being: Chiltern (804, 38.1 per cent) Wycombe (247, 11.7) South Buckinghamshire (179, 8.5) Westminster, City of (122, 5.8) Hillingdon (94, 4.5) Slough (63, 3.0) City of London (50, 2.4) Ealing (41, 1.9) P a g e | 3 2.0 Industrial structure There are 84 businesses located in Penn and Coleshill employing 1,200 people. Of these businesses, 68 are micro businesses, employing fewer than 10 people. Penn and Coleshill is over represented in Construction which accounts for 16.3 per cent of employment ranking the ward 558th out of all wards. Property accounts for 3.9 per cent of employment ranking the ward 905th. Professional, Scientific and Technical contribute to 14.5 per cent of employment, based on the proportion of employment in this sector the ward is ranked 644th out of all wards. Finally, Penn & Coleshill is over-represented in Accommodation and Food Services and Manufacturing which account for 10.5 per cent and 10.4 per cent respectively. 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 50 100 150 200 250 300 350 400 Source: BRES, ONS, 2013 Penn and Coleshill is under-represented in a number of sectors including Agriculture, Forestry and Fishing; Retail; and Financial and Insurance. Agriculture, Forestry and Fishing accounts for just 0.3 per cent of employment. However, based on the typical low proportions found across the wards of England, Penn and Coleshill is ranked 1,425th out of all wards based on this proportion. 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 growth. Chiltern -represented in these sectors, particularly aerospace, the information economy and professional and business services. While Penn and Coleshill provides jobs in these sectors, the industrial strategy sector where the ward delivers the highest share of national employment is education which accounts for 16.3 per cent of employment, ranking Penn and Coleshill at 399th among English wards. The proportions of jobs in Penn and Coleshill in Industrial Strategy sectors are presented in Table 1. Table 1: Employment in selected industrial strategy sectors, 2012 Construction PBS Economy Information Education Chiltern 5.2 15.2 4.8 12.7 Buckinghamshire 5.2 14.7 4.4 9.7 England 4.2 12.1 2.9 9.2 Penn and Coleshill 16.3 15.7 2.5 6.4 Source: BRES, ONS, 2013 At 15.7 per cent, the proportion of Penn and Coleshill construction sector is the 1,108th 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 65.0 per cent of 16-74 year olds, Penn and Coleshill above average within the country. Penn and Coleshill has a proportion of 50.1 per cent of its residents qualified to degree level or higher. Furthermore, 66.8 per cent work in managerial, professional or technical occupations. In Chiltern the wards most similar to Penn and Coleshill are Cholesbury, The Lee and Bellingdon; Austenwood; and Chalfont St Giles with 17 of the other 24 wards among the top thousand closest matches. The least similar ward in the district is Ridgeway, one of two wards in Chiltern to rank lower than 4,000th closest match along with Vale. P a g e | 5 Table 2: Penn and Coleshill nearest neighbours, 2011 Self-employed SOCs1-3 NVQ4+ age Working rate Employment Ward Name Home from Work Penn and Coleshill 9.1 17.2 66.8 50.1 59.3 65.0 Cholesbury, The Lee and Bellingdon 11.4 20.6 60.1 43.6 59.1 64.8 Austenwood 9.1 15.1 70.7 53.9 58.0 64.4 Chalfont St Giles 9.2 17.5 62.2 45.8 57.4 65.7 Little Missenden 10.3 17.0 62.6 47.6 57.9 63.6 Source: Census, 2011 Penn and Coleshill 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 ranking in the top quartile for both. Penn and Coleshill looks to have an above average employment rate but low level of working age residents. Chart 2: Penn and Coleshill labour market performance, 2011 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 Penn and Coleshill better remunerated occupations, with 66.8 per cent of working residents employed in managerial, professional and technical occupations, ranking in the top quartile nationally for each. In contrast Penn and Coleshill ranks in the bottom quartile for other occupations, with only 1.8 per cent and 4.8 per cent of working residents employed in process plant & machinery operative and elementary occupations respectively. Chart 3: Penn and Coleshill 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 Chiltern having the 13th lowest economic deprivation of all 326 local authority districts in England, behind South Bucks (10th) but ahead of Aylesbury (37th) and Wycombe (69th). Chart 4 demonstrates the concentration of Chiltern least deprived in England with 12 of the 25 wards featuring among the least deprived 10 per cent of all wards in England and only three 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 Chiltern faces to attract resources to tackle deprivation. P a g e | 7 Penn and Coleshill has the 56th lowest economic deprivation of the 7,707 wards in England and the 5th least economically deprived of the 25 Chiltern wards. Penn and Coleshill is the 7th least economically deprived among the 108 ward in Buckinghamshire. The position of Chiltern ds in England is shown in Chart 4 below, with Penn and Coleshill one of the 12 Chart 4: Relative economic deprivation of Chiltern wards by English decile, 2009 14 12 10 8 6 4 2 0 Most Least deprived deprived Source: DCLG, 2012 Penn and Coleshill ranks 7,586th out of all wards in England based on the Index of Multiple Deprivationii; this makes it among the least deprived decile in England, well above Chiltern 6532nd, 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 Penn and Coleshill 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 Chiltern most closely matching Penn and Coleshill deprivation profile are presented in Table 3. Nationally, the closest matches are Sherborne St John (Basingstoke and Deane), Little Aston (Lichfield) and Ewhurst (Waverly) while Ballinger, South Heath & Chartridge and Cholesbury, The Lee & Bellingdon are the most similar in Chiltern ranking as the 42nd and 73rd most similar of all English wards.
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