2019 Economic Profile of Adur 2019 Economic profile of Adur 2019 Contents Gross Disposable Household Income ................................................ 31 Life expectancy .................................................................................. 32 Introduction ................................................................................................ 2 Apprenticeships ................................................................................. 33 Methodology ....................................................................................... 2 Adur Economic Profile ................................................................................ 2 Background ............................................................................................. 2 Adur’s Economy ...................................................................................... 3 Growth in businesses .......................................................................... 3 New business creation ........................................................................ 4 Business Churn Rates .......................................................................... 5 New business survival ......................................................................... 6 Size of businesses ................................................................................ 6 Turnover size band .............................................................................. 7 Sectoral Composition .......................................................................... 8 Sectoral change ................................................................................... 9 Advanced manufacturing and engineering (AME) ............................ 10 Health and Social Care ...................................................................... 11 Tech sector ........................................................................................ 11 Tourism ............................................................................................. 12 Knowledge economy ......................................................................... 12 Knowledge economy subsectors ...................................................... 13 Productivity ....................................................................................... 15 People and work ....................................................................................... 16 Population ......................................................................................... 16 Ethnicity ............................................................................................ 19 Working Age Qualifications............................................................... 20 Employment by occupational groups ............................................... 22 Location Quotients ............................................................................ 23 Wages ................................................................................................ 24 Employment rates ............................................................................. 26 Self-employment ............................................................................... 27 Unemployment ................................................................................. 28 Deprivation ....................................................................................... 29 Travel to work ................................................................................... 29 Housing demand and affordability ................................................... 30 1 Economic profile of Adur 2019 Introduction Although there is overlap, each of these geographies supplies a different This Economic Profile of Adur has been developed from the extensive perspective from which to view the performance of Adur. Coastal West range of quantitative data contained in the updated Adur and Worthing Sussex shows many of the characteristics of coastal economies around the Databank 2019. The databank draws together a comprehensive range of UK with decline mitigated by some signs of renaissance. Greater Brighton economic, labour market, community, infrastructure and communications is showing signs of becoming a city region, attracting skills and investment data in Excel format. The intention is to update this on a regular basis to and delivering growth. Coast to Capital benefits from proximity to London provide an information source for Adur and Worthing Councils and and Gatwick to deliver growth in the northern part of the sub-region. This partners. fast growth does not tend to extend as far as the coast with the exception of Brighton and Hove. The Economic Profile highlights some key data and findings relating to Adur from the Adur and Worthing Databank 2019 and illustrates these with charts and graphs. Not all the data is included in this profile and partners Adur Economic Profile seeking more detailed data than is contained in this brief profile are advised to consult the revised Databank 2019. Background Adur lies between Worthing and Brighton and Hove and covers an area of Methodology just over 16 square miles (41.8 square kilometres) of the West Sussex Adur’s economic performance has to be set in context. It forms part of the coastal region. Adur is part of the Brighton to Worthing conurbation and Coastal economy of West Sussex as well as the wider sub region and is classified as urban but it also includes an area of the South Downs and regional economies. For the purpose of this report, we have used other the River Adur estuary and supports a wide range of natural habitats and comparator geographies as follows: biodiversity. • The South East Region • The Coast to Capital Local Enterprise Partnership sub-region, Adur’s main settlements are Sompting, Lancing, Shoreham-by-Sea as well comprising the London Borough of Croydon, the city of Brighton and as the smaller ones of Fishersgate and Southwick. It has a resident Hove, the seven districts and boroughs of West Sussex, the four east population of 63,400 and over 2,200 businesses providing around 20,000 Surrey districts of Epsom & Ewell, Mole Valley, Reigate & Banstead and jobs. Adur is home to several major companies including Ricardo, Tandridge and the East Sussex district of Lewes Duddman Aggregates, Infinity Foods and Higgidy Pies. Shoreham port • West Sussex County comprising Adur, Arun, Chichester, Crawley, handles over 2m tonnes of cargo per year as well as providing a range of Horsham, Mid Sussex and Worthing services to commercial and leisure marine industries. Shoreham Airport, • Greater Brighton comprising Brighton and Hove, Mid Sussex, Lewes, also known as Brighton City Airport, is a popular business location Adur and Worthing providing easy access to the A27 and a range of aviation and non-aviation • Coastal West Sussex, comprising Adur, Arun, Chichester and Worthing. businesses are located there. 2 Economic profile of Adur 2019 Adur’s Economy In 2018, there was a total of 2,345 businesses in Adur, an increase of 13.56% since 2014, greater than the increase in Coastal West Sussex as a whole of 13.09% but below that of the other comparator geographies. Greater Brighton saw an increase of 17.06% over the same period. Adur has a reasonable track record on growing the business base. Between 2014 and 2018, the number of businesses in Adur grew by The higher performance of Coast to Capital and Greater Brighton on this nearly 13.56%. Adur outperforms Coastal West Sussex on this measure. measure are largely due to exceptional growth rates in the local authority areas of: Croydon, Crawley, Epsom & Ewell; Brighton & Hove and Reigate & Banstead, all of which have seen growth in the business stock well above the regional average of 14.69%. Both Adur and Worthing performed below the Coast to Capital average but were not the lowest performers. Mole Growth in businesses Valley is an outlier among the faster growth districts in the north of the LEP area, possibly because of restrictions on employment space. Figure 1: Percentage growth in business stock in the South East, Coast to Figure 2: Percentage growth in business stock in Coast to Capital LADs 2014- Capital, West Sussex, Greater Brighton, Coastal West Sussex and Adur, 2014- 2018 2018 Source: ONS UK Business Counts/Simpson Consulting Source: ONS UK Business Counts/Simpson Consulting 3 Economic profile of Adur 2019 New business creation Again, significantly higher performing areas in Coast to Capital for new business creation tend to be in the north, close to Gatwick and the motorway network. Brighton & Hove is the only coastal area that is above At 11.09% of the business stock in 2017, Adur’s new business creation average on new business creation. Figure 4 rate is better than Coastal West Sussex and West Sussex county rates of new business creation, although lower than Coast to Capital’s rate. Mole Valley, however, runs counter to the trend of high growth in new businesses taking place in the north and M23 corridor to Brighton, and is the fourth lowest performing local authority in Coast to Capital on this A key measure of the dynamism of a local economy is the new business measure. creation rate. Adur’s new business creation rate as a percentage of active enterprises at 11.09% in 2017, was better than that of the county and Coastal West Sussex but below that of Coast to Capital, Greater Brighton and the South East. Figure 3 Figure 4: New businesses created as a percentage of active enterprises in Coast to Capital LADs