Page 103 - Minutes of meeting
P. 103

The Productivity Challenge

 LIS Priority Sectors


 The Cumbria LEP identifies 9 key sectors of the Cumbrian economy. These are: Advanced Manufacturing, Construction,
 Creative, Culture, Digital and Digital, Health and Social Care, Logistics, Professional Services, Rural and Food Production,

 Nuclear, and the Visitor Economy. Given Barrow’s relative strengths in energy production, we have added the Energy sector to
 this analysis.  The analysis of the relative importance of these key sectors in Barrow
 reveals:
 Local Industrial Strategy Priority Sectors – Growth
 and Specialisation in Barrow  ▪ Advanced manufacturing is a significant employer in Barrow, as
 illustrated by absolute, relative and growing importance


 ▪ The energy sector is relatively small in absolute terms, but has
 grown rapidly (43%) and has an LQ of 1.8


 Low Presence, High Growth
 ▪ The health and social care sector is a significant employer of
 4,500 but has experienced a decrease in employment of 10% since

 High Presence, High Growth
 2013
 ▪ The Creative, Culture and Digital sector is nascent, registering

 strong growth (+25%), but remaining a relatively modest part of
 Barrow’s employment base

 ▪ Professional services is a relatively large employer (2,000

 employees) but the sector is under-represented in Barrow and has
 not grown since 2013.
 High Presence, Low Growth
 Low Presence, Low Growth
 ▪ Similarly, the visitor economy is an important sector in
 employment terms (1,750) but is under-represented and has
 experienced no growth in the past 5 years.
 Copyright © Hatch 2018. All Rights Reserved. NB: for Location Quotient, England = 1.0
 Data source: BRES, ONS (2019)
   98   99   100   101   102   103   104   105   106   107   108