News: Research ranks Rotherham low on resilience
Research by Experian for the BBC ranks Rotherham as being particularly vunerable to cuts in public spending.
Rotherham is placed 310th out of 324 areas in the "resilience rankings" and sits amongst other former industrial areas such as Middlesborough, Barnsley and Barrow.
The research ranks local authority areas and is influenced by a number of factors regarding business, community, people and place.
Examples of the data include the number of businesses in resilient sectors, long term unemployment, working age population and houses prices and is assembled from Experian's own databases and publicly available sources such as ONS, DWP, DCSF and the Land Registry. The time range involved for the data is 2005 to 22nd July 2010.
Rotherham is ranked 308th overall under the business theme due to factors such as low job density, businesses in vulnerable sectors (engineering and vehicles, construction, metals, minerals and chemicals and other, mainly public, services), and high numbers of business insolvencies.
Rotherham has much better rankings for businesses that export, the number of new business start-ups and the number of foreign-owned companies.
The results are unsurprising, given that despite transformational economic growth, Rotherham's economy has not fully recovered from the previous downturn and the huge job losses within the coal and steel industries.
Although the gap was closing, Rotherham is still behind the national average in terms of employment rate, business starts, higher skill levels and job density and the area suffers from high levels of deprivation and worklessness.
The survey broadly assumed that engineering and metals businesses were classed as vulnerable and a spokesperson from Rotherham Council said: "South Yorkshire, and in particularly Rotherham are expected to be major beneficiaries in the demand for precision forged, machined and engineered components.
"Rotherham's Advanced Manufacturing Park (AMP) will be the base for the £25m Nuclear Advanced Manufacturing Research Centre (NAMRC) with Rolls Royce and will also host the UK's only Knowledge Transfer Academy for Nuclear Engineering.
On recent success, the spokesperson added: "During 2009-2010 Rotherham Investment and Development Office (RiDO), the regeneration arm of Rotherham Council, tracked 573 investments into Rotherham, which lead to the creation of 3,084 jobs and safeguarded a further 2,914. So far this year, RiDO has already tracked 230 investment successes, leading to the creation of 800 new jobs and safeguarding 375."
BBC website
Rotherham Investment and Development Office
Rotherham is placed 310th out of 324 areas in the "resilience rankings" and sits amongst other former industrial areas such as Middlesborough, Barnsley and Barrow.
The research ranks local authority areas and is influenced by a number of factors regarding business, community, people and place.
Examples of the data include the number of businesses in resilient sectors, long term unemployment, working age population and houses prices and is assembled from Experian's own databases and publicly available sources such as ONS, DWP, DCSF and the Land Registry. The time range involved for the data is 2005 to 22nd July 2010.
Rotherham is ranked 308th overall under the business theme due to factors such as low job density, businesses in vulnerable sectors (engineering and vehicles, construction, metals, minerals and chemicals and other, mainly public, services), and high numbers of business insolvencies.
Rotherham has much better rankings for businesses that export, the number of new business start-ups and the number of foreign-owned companies.
The results are unsurprising, given that despite transformational economic growth, Rotherham's economy has not fully recovered from the previous downturn and the huge job losses within the coal and steel industries.
Although the gap was closing, Rotherham is still behind the national average in terms of employment rate, business starts, higher skill levels and job density and the area suffers from high levels of deprivation and worklessness.
The survey broadly assumed that engineering and metals businesses were classed as vulnerable and a spokesperson from Rotherham Council said: "South Yorkshire, and in particularly Rotherham are expected to be major beneficiaries in the demand for precision forged, machined and engineered components.
"Rotherham's Advanced Manufacturing Park (AMP) will be the base for the £25m Nuclear Advanced Manufacturing Research Centre (NAMRC) with Rolls Royce and will also host the UK's only Knowledge Transfer Academy for Nuclear Engineering.
On recent success, the spokesperson added: "During 2009-2010 Rotherham Investment and Development Office (RiDO), the regeneration arm of Rotherham Council, tracked 573 investments into Rotherham, which lead to the creation of 3,084 jobs and safeguarded a further 2,914. So far this year, RiDO has already tracked 230 investment successes, leading to the creation of 800 new jobs and safeguarding 375."
BBC website
Rotherham Investment and Development Office
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