The Stoke-on-Trent and Staffordshire economy has seen a number of positive announcements regarding new investment plans and job creation. The area is undergoing an economic renaissance and is stepping out of the shadows of its big city neighbours, Birmingham and Manchester.
The nature and scale of recent investments have the potential to transform the Stoke-on-Trent and Staffordshire economy into a regional force with national and global importance. Some of the world’s biggest companies like JCB, Jaguar Land Rover and Amazon are investing millions locally.
The Stoke-on-Trent and Staffordshire Enterprise Partnership has a bold and ambitious vision to transform the local economy which it calls “50:50:10″ which is the stated aim to grow the economy by 50% and generate 50,000 new jobs in the next 10 years.
- More than 3 million people live within an hour’s drive time
- There is a local population of over one million, with 683,000 working age adults
- 179,500 of the working age population is educated to degree level (NVQ level 4)
- 2013 was a record year for new startups with more than 4,400 new businesses
- Manufacturing alone employs nearly 50,000 people
- A high workforce training participation rate of 19%, particularly in production industries
- Top 10 city for private sector employment growth 2011-2012 (Centre for Cities)
"Our plan to create 2,500 high-quality manufacturing jobs locally is clear evidence of the important link between infrastructure improvement and job creation. The decision to invest in the regional infrastructure means JCB can continue to invest locally, which is good for Staffordshire and good for Britain, especially given the wider benefits to our UK supply chain."− Lord Bamford, Chairman, JCB