The Marches has a vision to create 70,000 new homes and almost 40,000 new jobs over the next 20 years.
The Marches jobs market is particularly strong in self-employment (18.8% of jobs but overwhelmingly concentrated in construction and agriculture) and in having an economy with 89% micro-businesses.
The employment rate of those aged 16-64 is 77.4%, higher than the average for the West Midlands and England.
sector jobs are growing (up 8% in the last five years) whilst public sector jobs over the same period went down by 13%.
Key sectors are:
Advanced Manufacturing and Engineering – large employers are primarily clustered around Telford including Caterpillar, Epson and Ricoh;
Agri-food and technologies – large employers are Sun Valley Foods in Herefordshire and Muller Dairy (UK) in Shropshire;
Defence and securities – large employers are BAE Systems in Telford and Wrekin and Skylon Park in Herefordshire;
Health and social care – mostly jobs within hospitals.
Areas where jobs are being created:
Skylon Park in Hereford
With a unique defence and security sector focus Skylon Park offers a high-quality business space which is creating jobs as businesses take up the available space.
For more information, please visit www.skylonpark.co.uk
are forecast to grow by 17,000 by 2022. This should mean more jobs in health and social care; construction and professional services but fewer jobs in manufacturing & engineering and public admin & defence.
For news of developments across Shropshire, Herefordshire and Telford & Wrekin please visit:
Job Market Information (Shropshire)