Our vision is that by 2029 Calderdale will be a more inclusive economy. This will be an economy to which everyone is able to contribute and from which everyone benefits. An economy which enables people to live a larger life. This means:
- A growing economy, which
- Reduces inequality, and
- Builds a financially and an environmentally sustainable future
Our strategy identifies five goals to achieve an inclusive economy for Calderdale:
- Increased business innovation, enterprise, and investment
- Good work for all, including young people
- Wealth is created and retained within communities
- A cleaner and greener economy, fit for the future
- More people visit, stay, work and live in Calderdale
Our goals are interdependent and achieving them will require strong leadership and collaboration among all members of the Inclusive Economy Board, and wider partners. It is only by everyone working together, the council, businesses and communities that we will be able to create an inclusive economy.
Three principles will guide how we work together: outcomes led, being outward and engaging and working cooperatively and collaboratively.
This means we will: be agile, innovative and flexible, dynamic and responsive to changing needs, communicate openly and honestly respecting the unique role each partner brings; be accountable and work in the interests of our shared goals for Calderdale, rather than our individual organisations, to improve outcomes.
Goals, Enablers and Implementation Approaches for an Inclusive Economy
Goals
- Increased business innovation, enterprise, and investment.
- Good work for all, including young people.
- Wealth is created and retained within communities.
- A cleaner and greener economy, fit for the future
- More people visit, stay, work and live in Calderdale
Enablers
- Health
- Housing
- Connectivity
Implementation Approaches
- Sectors
- People
- Places
Find out how we are measuring the achievements of our goals here: Inclusive Economy Strategy (Data Works).
An Inclusive Economy for Calderdale
Read the text version of the flowchart
Building on our strong local economy
- £4.8bn economic output (8% of West Yorkshire total)
- 8,500 businesses supporting 91,500 jobs
- High business growth (6.5% business growth over last five years vs 5.3% West Yorkshire and 2.2% England)
- 36% of residents are in higher skilled managerial and professional occupations
- £63,500 GVA per FTE (2% higher than West Yorkshire and the Humber but 15% lower than England average)
- Highest business density in West Yorkshire (459 businesses per 10,000 people vs 400 in West Yorkshire)
- Highest start-up rate in West Yorkshire (97 business starts per 10,000 working age people vs 78 for West Yorkshire and 84 for England)
- Higher business survival rates than West Yorkshire and England for all rates across 1-5 years
Addressing some of our challenges
- 14.9% poverty rate, higher than national rate 12.9%
- 32.2% economic inactivity rate due to long term health issues (26% for West Yorkshire, 25% in England)
- £530 average workplace based weekly pay (£531 West Yorkshire, £577 England average)
- 8% of residents with low skills (vs 8.5% West Yorkshire and 6.4% England)
Creating the right enabling conditions
- Health
- Housing
- Connectivity
To achieve our inclusive economy goals
Goal 1: Increased business innovation, enterprise and investment
Goal 2: Good work for all, including young people
Goal 3: Wealth is created and retained within communities
Goal 4: A cleaner and greener economy, fit for the future
Goal 5: More people visit, stay, work and live in Calderdale
To deliver our vision
An inclusive economy which everyone in able to contribute to and from which everyone benefits.
At a Glance: Inclusive Economy Goals and Outcomes
Goal 1: Increased business innovation, enterprise and investment
Calderdale will continue to thrive as a place for entrepreneurs and innovators, attracting additional investment into the borough and building on its strong track record for business start-up and survival. The number of high quality business premises and employment sites in Calderdale will increase, supported by investment in new homes and infrastructure.
Goal 2: Good work for all, including young people
Calderdale residents will benefit from the training and support needed to access higher skilled and higher paid opportunities. Economic activity will increase among those communities and neighbourhoods which are furthest from the labour market. Young people will benefit from greater choices and prospects, enabling them to stay in Calderdale. More businesses will pay the living wage.
Goal 3: Wealth is created and retained within communities
Greater wealth will be retained within the local economy, ensuring economic opportunities and investment are locked in to benefit local communities. Calderdale’s anchor organisations such as the local authority, hospital, schools and others will spend more locally. Community powered approaches to creating an inclusive economy, including community ownership of local assets and community enterprise, will grow and be sustainable.
Goal 4: A cleaner and greener economy, fit for the future
The challenges of climate change will be turned into opportunities to create a new low carbon economy, with new jobs and industries emerging out of this transition. Investment will be made in building the skills of local people so they can take advantage of these opportunities, ensuring the shift to a green economy is an equitable one which reduces rather than exacerbates existing inequalities. Carbon emissions from businesses operating in Calderdale will decline, supporting Calderdale to achieve a cleaner economy.
Goal 5: More people visit, stay, work and live in Calderdale
Calderdale’s distinctive geography, rich cultural heritage, and creative industries will have been harnessed to attract new visitors, businesses, and residents to the borough. More people will visit and stay longer. This will increase the size and quality of the tourism sector and increase the size of the working age population. Capitalising on changes to people’s working patterns, Calderdale will become an attractive location for people who choose to work remotely and for those who commute to nearby towns and cities for work.
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