Page 17 - Regional Employment & Skills Plan

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2.2 SWOT Analysis 2.2.1 SWOT Analysis for SBCR
Good quality of life and good life expectancy An improving broadband network
Heritage and Culture
Natural Resources
Strong entrepreneurial culture
Diverse mix of rural and urban geographies Home to 2 high quality HE institutions Existing regional collaboration
Presence of long established RICS & RACS Cross-sectoral learning providers Technical resources
Weaknesses
Innovation
Renewable energy sources e.g. tidal
Natural environment & landscape
Enterprise zone and local growth zone developments Knowledge economy roles
Haven Waterway Enterprise zone
Port Talbot Enterprise Zone
Swansea Bay Tidal Lagoon
The Swansea Bay City Deal
Regeneration of city centres and town centres
Yr Egin
New campus developments
G-Fast test-bed
ARCH
Apprenticeship levy
Increasing the participation of females in traditionally male dominated sectors
Widening skills of older workers through
reverse mentoring
Threats
Strengths
Lower qualified workforce Ageing workforce
Low wages
Low GVA
Below average productivity levels & disposable household income
Lower proportion of those in employed in higher occupational groups
Pockets of rurality lacking access to services Access to market
Poor transportation links & infrastructure Poor network connection in rural areas Underemployment
Opportunities
The effects of Brexit
Apprenticeship levy
Global economic uncertainty
Lack of affordable housing
Withdrawal of centralisation of services Changing political landscape
Cuts to funding
Reduction in public sector employment National living wage
Competing in a global market
Brain drain – loss of talented individuals Lack of investment in infrastructure
Regional Employment & Skills Plan South West & Mid Wales Policy Context