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South Bucks Councillor Update Economic Profile of Iver Heath Ward

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South Bucks Councillor Update Economic Profile of Iver Heath Ward South Bucks Councillor Update Economic Profile of Iver Heath Ward April 2014 Produced by Buckinghamshire Business First’s research department P a g e | 2 1.0 Introduction Iver Heath is home to 4,945 people and provides 2,300 jobs in 178 businesses. Of these businesses, 54 (30.3 per cent) are Buckinghamshire Business First members. There were 3,594 employed people aged 16-74 living in Iver Heath ward at the 2011 Census, 314 more than the 3,280 recorded in 2001. Over that period the working age population rose 304 to 3,192 while the total population rose 364 to 4,945. The number of households rose by 85 (4.5 per cent) to 1,959. This is a significant percentage increase and places the ward seventh out of all wards in South Bucks. Based on the increase in number of households, the ward ranks 47th out of all wards in Buckinghamshire. The largest companies in Iver Heath include: Pinewood Shepperton Plc; Creative Skillset; Octaga Security Services Limited; Technicolour Creative Services; Iver Flowerland Ltd; Film London; and Rigging Services. There are 38 Iver Heath, representing 1.2 per cent of working age residents, including 20 claimants aged 25-49 and 25 who have been claiming for less than six months. Superfast broadband is expected to be available to 97 per cent of premises in the Iver Heath ward by March 2016 with commercial providers responsible for 94 per cent. The Connected Counties project, run by BBF, deliver the remaining 3 per cent through its interventions in Iver and Fulmer 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 2,334 employed residents, 526 people lived and worked in the ward, with the most common destinations by local authority district being: South Bucks (735, 31.5 per cent) Hillingdon (584, 25.0) Slough (341, 14.6) Windsor & Maidenhead (115, 4.9) Hounslow (58, 2.5) Ealing (51, 2.2) Wycombe (48, 2.1) Chiltern (38, 1.6) P a g e | 3 2.0 Industrial structure There are 178 businesses located in Iver Heath employing 2,300 people. Of these businesses, 107 are micro businesses, employing fewer than 10 people. Iver Heath is over-represented in information & communication which covers 36.6 per cent of employment ranking the ward 19th out of all wards. Wholesale accounts for 7.3 per cent of employment while arts, entertainment, recreation & other services covers 7.3 per cent of employment. Based on these proportions of employment, the ward ranks 1,399th and 1,746th out of all wards. Chart 1: Industrial Structure Index, 2012 (GB=100) Mining, quarrying & utilities 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 0 100 200 300 400 500 600 700 800 900 1000 Source: BRES, ONS, 2013 Iver Heath is under-represented in a number of sectors including; manufacturing; retail; transport & storage; financial & insurance; property; and health. Manufacturing accounts for 2.0 per cent of employment ranking the ward 5,763rd out of all wards. Retail makes up only 4.0 per cent of employment ranking the ward 6,372nd out of all wards. Transport & storage makes up 2.4 per cent of employment while financial & insurance makes up 0.1 per cent of employment. Finally, property covers just 0.6 per cent of employment ranking the ward 5,106th out of all wards. 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. South Bucks economy is well-represented in these sectors, particularly aerospace, the information economy and professional and business services. While Iver Heath 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 15.7 per cent of employment, ranking Iver Heath at 1,106th among English wards. The proportions of jobs in Iver Heath in Industrial Strategy sectors are presented in Table 1. Table 1: Employment in selected industrial strategy sectors, 2012 Construction PBS EconomyInformation Education South Bucks 5.1 16.8 2.3 7.1 Buckinghamshire 5.2 14.7 4.4 9.7 England 4.2 12.1 2.9 9.2 Iver Heath 3.7 15.7 1.6 6.3 Source: BRES, ONS, 2013 At 6.3 per cent, the proportion of Iver Heath education sector is the 5,741st highest of all wards in England, the proportion is above that of the country level but below the district level. 3.0 Labour market At 69.6 per cent of 16-74 year olds, Iver Heath lowest in the country. Iver Heath has a proportion of 26.3 per cent of its residents qualified to degree level or higher. Furthermore, 46.6 per cent work in managerial, professional or technical occupations. In South Bucks the wards most similar to Iver Heath are Iver Village & Richings Park, Denham South and Burnham Church with six of the other 27 wards among the top thousand closest matches. The least similar ward in the district is Beaconsfield North, the only ward in South Bucks to rank lower than the 6,000th closest match. P a g e | 5 Table 2: Iver Heath Self-employed 1-3 SOCs NVQ4+ age Working Employmentrate Ward Name Home from Work Iver Heath 4.7 12.6 46.6 26.3 64.6 69.6 Iver Village and Richings Park 5.5 13.4 48.9 29.7 65.3 68.4 Denham South 5.7 15.5 47.5 28.1 66.2 68.1 Burnham Church 5.0 11.9 47.8 30.4 62.7 68.4 Burnham Lent Rise 3.6 9.9 43.0 26.6 65.4 70.4 Wexham and Iver West 4.4 12.5 48.1 27.9 65.1 64.4 Source: Census, 2011 Iver Heath has a high level of those who work from home and of those who 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 second highest quartile for both. Iver Heath looks to have a high employment rate and a high level of working age residents. Chart 2: Iver Heath 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 Iver Heath remunerated occupations, with 46.6 per cent of working residents employed in managerial, professional and technical occupations, ranking in the top quartile nationally for managerial and technical occupations. In contrast Iver Heath ranks in the bottom quartile for other occupations, with only 6.8 per cent of working residents employed in elementary occupations. Chart 3: Iver Heath 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 South Bucks 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 South Bucks wards among the least deprived in England with 8 of the 19 wards featuring among the least deprived 10 per cent of all wards in England and none falling below the sixth most deprived 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 South Bucks faces to attract resources to tackle deprivation. P a g e | 7 Iver Heath has the 1,517th lowest economic deprivation of the 7,707 wards in England and the 13th least economically deprived of the 19 South Bucks wards. Iver Heath is the 62nd least economically deprived among the 108 wards in Buckinghamshire. The position of South Bucks wards in England is shown in Chart 4 below, with Iver Heath one of the five second least deprived decile. Chart 4: Relative economic deprivation of South Bucks wards by English decile, 2009 9 8 7 6 5 4 3 2 1 0 Most Least deprived deprived Source: DCLG, 2012 Iver Heath ranks 5,888th out of all wards in England based on the Index of Multiple Deprivationii; this makes it among the less deprived wards in England, below South Bucks average rank of 6,084th, 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 Iver Heath 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 South Bucks most closely matching Iver Heath deprivation profile are presented in Table 3. Nationally, the closest matches are Botley (Eastleigh), Watling (Dacorum) and Chigwell Village (Epping Forest) while Iver Village & Richings Park and Denham North are the most similar in South Bucks ranking as the fifth and 31st most similar of all English wards.
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