The Economy and Skills Group aims to understand the key issues and opportunities in Warwickshire’s economy and the needs of our local businesses in order to develop, shape and inform relevant strategies, policies, funding programmes, services and activities that will help grow the economy to the benefit of our residents.
Quarterly Labour Market Bulletin
We produce a quarterly labour market bulletin.
The bulletin considers issues such as the latest employment and unemployment data, economic activity and inactivity rates and real-time demand in the labour market. The information is usually presented at District/ Borough level as well as for the wider Coventry and Warwickshire sub-region and West Midlands Combined Authority (WMCA) area.
Quarterly Economic Survey
The C&W Chamber of Commerce, in partnership with Warwickshire County Council, undertakes a Quarterly Economic Survey (QES) to gauge local business performance and market expectations. Business confidence and economic success tend to move in the same direction and, therefore, the results of the survey give useful insights into Warwickshire’s economy.
- QES Q1 2017 results (PDF, 1.46 MB)
- QES Q2 2017 results (PDF, 1.32 MB)
- QES Q3 2017 results (PDF, 1.73 MB)
- QES Q4 2017 results (PDF, 1.74 MB)
Warwickshire Means Business
We also make regular contributions to the County Council’s business newsletter, Warwickshire Means Business.
We produce a range of research and reports, often on behalf of partners or other County Council services. Our latest work includes:
Skills Report (November 2017) – One of the most significant challenges facing local businesses is the shortage of skilled workers. This report analyses the responses of businesses to the Quarterly Economic Survey in Q3 2017. The results suggest that a significant number of Coventry & Warwickshire firms are struggling to fill positions because of a lack of workers locally and the report gives insights into how they are dealing with this issue.
Warwickshire’s Productivity Report (2017) – This report reviews Office of National Statistics data, which places Warwickshire amongst the fastest growing local authorities in the UK. The paper discusses the current UK ‘productivity puzzle’ before examining why Warwickshire has become a driver in productivity growth since the onset of the recent recession. Finally, it considers the implications this strong growth may have on the county’s future economic well-being.
Area Profiles 2017 – These annual economic assessments aim to identify the strengths and weaknesses of each district and borough in Warwickshire. The ‘Businesses, People, Place’ evaluation template provides an overview of both the challenges and opportunities for growth. The evidence also provides support for local government policy in tackling potential barriers to growth.
- North Warwickshire Economic Overview (PDF, 347.99 KB)
- Nuneaton and Bedworth Economic Overview (PDF, 353.77 KB)
- Rugby Economic Overview (PDF, 349.87 KB)
- Stratford on Avon Economic Overview (PDF, 349.56 KB)
- Warwick Economic Overview (PDF, 346.34 KB)
The Strength of the Manufacture of Motor Vehicles Sector – This presentation highlights the comparative advantage Warwickshire has within the motor vehicle sector. The success of the sector is underpinned by a well-established supply chain, a large proportion of skilled workers and an abundance of STEM graduates from Coventry and Warwick University.
- The Strength of Warwickshire’s Manufacturing of Motor Vehicle Sector Presentation (PDF, 283.33 KB)
- The Strength of Warwickshire’s Manufacturing of Motor Vehicle Sector Script (PDF, 199.19 KB)
Warwickshire’s Rural Profile – A joint project with Warwickshire Observatory on behalf of the Regeneration and Infrastructure Group. The report considered the contribution of the rural economy to economic growth in the county. Analysis was undertaken at lower super-output area (LSOA) level using the 2011 rural-urban definition provided by the Office for National Statistics (ONS). Broader indicators were also considered including natural environment, population, health, and life expectancy.
Low-wage sectors and improving productivity in Warwickshire – The report examined the current and future performance of Warwickshire’s economy by focusing on low-wage industries that suffer from poor productivity. The research concluded that prioritising growth policies towards low-wage sectors could make a significant contribution to closing the “productivity gap” with the UK by 2025, therefore, increasing job creation locally.
UK Central – Research on behalf of the Transport Planning Group which considered the economic opportunities of the UK Central major development and how Warwickshire could benefit from improved connectivity to the area. The report considered economic forecast data, demographics, commuter flows, and business activity as well as existing and future links with the main investment zones.
Economic analysis to inform the Coventry and Warwickshire Area review – A joint project with Coventry City Council on behalf of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP). The report considered the current and future economic performance of Coventry and Warwickshire’s labour market by observing labour supply and demand changes in the sub-region. It also identified areas of future resilience and vulnerability in the labour market, and the implications for the Government’s post-16 area reviews.
An economic review of Warwick District – A detailed paper commissioned by Warwick District Council. The paper explores the current structure of Warwick District’s economy by concentrating on the following: the business base; the labour market & population; and local economic competitiveness. Economic forecast analysis summarises the strengths and weaknesses facing Warwick District and makes key strategic recommendations.
We have also supported WCC services including Transport Planning, Regeneration and Infrastructure, Flood Risk and Water Management and CSW Broadband with the preparation of business cases and funding applications.
Local Economic Assessment
As a result of legislation contained within the 2010 Local Democracy, Economic Development and Construction Act, local authorities are required to undertake an assessment of the performance of their local economy. These “Local Economic Assessments” aim to provide local authorities and partners with a common understanding of the local economic conditions, which in turn can shape and inform a range of local strategies and policies.
Given the strong relationship and interdependencies between Coventry and Warwickshire’s economy, it was decided that a single Local Economic Assessment should be undertaken covering this functional economic area. The Coventry and Warwickshire Economic Assessment was published in March 2011:
In support of this Economic Assessment, a number of supporting topic papers were also developed. These provide additional data and analysis on particular key issues.